Traders Sell DuPont Co. (DD) on Strength (DD)
Traders sold shares of DuPont Co. (NYSE:DD) on strength during trading on Tuesday. $45.65 million flowed into the stock on the tick-up and $64.95 million flowed out of the stock on the tick-down, for a money net flow of $19.30 million out of the stock. Of all stocks tracked, DuPont had the 0th highest net out-flow for the day. DuPont traded up $0.28 for the day and closed at $69.16
Several analysts have recently commented on the company. Vetr raised DuPont from a “strong sell” rating to a “sell” rating and set a $64.60 target price for the company in a research report on Tuesday. Macquarie set a $71.00 target price on DuPont and gave the stock a “neutral” rating in a research report on Thursday, July 21st. Zacks Investment Research cut DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. JPMorgan Chase & Co. cut DuPont from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $73.00 to $64.00 in a research report on Tuesday, June 28th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $67.00 target price on shares of DuPont in a research report on Thursday, June 2nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $68.68.
The company has a 50-day moving average of $66.34 and a 200 day moving average of $63.24. The firm has a market cap of $60.41 billion and a price-to-earnings ratio of 28.80.
DuPont (NYSE:DD) last issued its earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The firm earned $7.10 billion during the quarter, compared to analyst estimates of $7.01 billion. During the same quarter last year, the business posted $1.18 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts anticipate that DuPont Co. will post $3.16 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of DD. Toronto Dominion Bank increased its stake in shares of DuPont by 9.2% in the fourth quarter. Toronto Dominion Bank now owns 81,553 shares of the company’s stock valued at $5,445,000 after buying an additional 6,849 shares during the period. BP PLC purchased a new stake in shares of DuPont during the fourth quarter valued at about $6,858,000. Legacy Capital Partners Inc. increased its stake in shares of DuPont by 25.7% in the fourth quarter. Legacy Capital Partners Inc. now owns 24,550 shares of the company’s stock valued at $1,636,000 after buying an additional 5,025 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of DuPont during the fourth quarter valued at about $1,344,000. Finally, Liberty Mutual Group Asset Management Inc. increased its stake in shares of DuPont by 9.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 53,928 shares of the company’s stock valued at $3,591,000 after buying an additional 4,698 shares during the period.
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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