DuPont Co. (DD) Sees Strong Trading Volume
DuPont Co. (NYSE:DD) shares saw strong trading volume on Friday . 3,529,059 shares were traded during trading, a decline of 1% from the previous session’s volume of 3,548,933 shares.The stock last traded at $63.53 and had previously closed at $61.92.
Several analysts have issued reports on the company. Argus restated a “buy” rating on shares of DuPont in a research note on Sunday, March 27th. Vetr cut DuPont from a “buy” rating to a “hold” rating and set a $69.68 price objective on the stock. in a research note on Tuesday, May 24th. Zacks Investment Research upgraded DuPont from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Thursday, April 28th. Jefferies Group restated a “hold” rating on shares of DuPont in a research note on Tuesday, April 26th. Finally, Citigroup Inc. upped their price objective on DuPont from $57.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, April 18th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $68.45.
The firm has a 50 day moving average of $66.31 and a 200-day moving average of $63.02. The company has a market capitalization of $55.63 billion and a price-to-earnings ratio of 26.53.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Wednesday, May 11th.
Other hedge funds and institutional investors have made changes to their positions in the company. FTB Advisors Inc. boosted its position in shares of DuPont by 0.6% in the fourth quarter. FTB Advisors Inc. now owns 15,278 shares of the company’s stock worth $1,018,000 after buying an additional 92 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in shares of DuPont by 7.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 16,154 shares of the company’s stock worth $1,075,000 after buying an additional 1,071 shares in the last quarter. Smithfield Trust Co. boosted its position in shares of DuPont by 1.9% in the fourth quarter. Smithfield Trust Co. now owns 16,265 shares of the company’s stock worth $1,083,000 after buying an additional 300 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of DuPont by 2.1% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 18,920 shares of the company’s stock worth $1,260,000 after buying an additional 383 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of DuPont by 2.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 19,111 shares of the company’s stock worth $1,272,000 after buying an additional 496 shares in the last quarter.
E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company consists of over 10 businesses aggregated into six segments: Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. Its products include corn hybrids and soybean varieties, herbicides, fungicides and insecticides in Agriculture segment; photopolymers and electronic materials in Electronics & Communications segment; enzymes and bio-based materials in Industrial Biosciences segment; cultures, emulsifiers, texturants, natural sweeteners and soy-based food ingredients in Nutrition & Health segment; engineering polymers, packaging and industrial polymers, films and elastomers in Performance Materials segment, and nonwovens, aramids and solid surfaces in Safety & Protection segment.
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