DuPont Co. (DD) Sees Large Volume Increase
DuPont Co. (NYSE:DD) shares saw an uptick in trading volume on Monday . 3,197,305 shares traded hands during mid-day trading, an increase of 17% from the previous session’s volume of 2,739,999 shares.The stock last traded at $68.94 and had previously closed at $69.17.
A number of research firms recently commented on DD. Vetr upgraded DuPont from a “hold” rating to a “buy” rating and set a $69.68 price objective on the stock in a report on Monday, May 30th. Royal Bank Of Canada upped their price objective on DuPont from $62.00 to $71.00 and gave the company a “sector perform” rating in a report on Wednesday, April 27th. Barclays PLC reiterated a “neutral” rating on shares of DuPont in a report on Thursday. Credit Agricole SA cut DuPont from an “outperform” rating to an “underperform” rating and upped their price objective for the company from $62.00 to $70.00 in a report on Wednesday, April 27th. Finally, 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 report on Thursday, April 28th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $69.62.
The company has a market capitalization of $60.63 billion and a P/E ratio of 27.59. The stock’s 50-day moving average is $66.46 and its 200-day moving average is $63.57.
DuPont (NYSE:DD) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. The company earned $7.10 billion during the quarter, compared to analyst estimates of $7.01 billion. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 EPS. Analysts forecast that DuPont Co. will post $3.19 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Monday, August 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.19%.
Several institutional investors have bought and sold shares of DD. Holderness Investments Co. raised its position in DuPont by 1.4% in the fourth quarter. Holderness Investments Co. now owns 24,936 shares of the company’s stock valued at $1,661,000 after buying an additional 345 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in DuPont by 2.1% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 18,920 shares of the company’s stock valued at $1,260,000 after buying an additional 383 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in DuPont by 2.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 19,111 shares of the company’s stock valued at $1,272,000 after buying an additional 496 shares during the period. FineMark National Bank & Trust increased its stake in DuPont by 2.2% in the fourth quarter. FineMark National Bank & Trust now owns 29,550 shares of the company’s stock valued at $1,968,000 after buying an additional 627 shares during the period. Finally, Investment Management of Virginia LLC increased its stake in DuPont by 1.4% in the fourth quarter. Investment Management of Virginia LLC now owns 61,634 shares of the company’s stock valued at $4,105,000 after buying an additional 840 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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