DuPont Co. (DD) Sees Strong Trading Volume
Shares of DuPont Co. (NYSE:DD) saw unusually-high trading volume on Thursday . Approximately 2,710,459 shares were traded during trading, an increase of 11% from the previous session’s volume of 2,440,975 shares.The stock last traded at $69.01 and had previously closed at $68.62.
DD has been the topic of several recent research reports. Credit Agricole SA cut shares of DuPont from an “outperform” rating to an “underperform” rating and raised their target price for the stock from $62.00 to $70.00 in a report on Wednesday, April 27th. Royal Bank Of Canada lifted their price objective on shares of DuPont from $62.00 to $71.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 27th. Jefferies Group reissued a “hold” rating on shares of DuPont in a research note on Tuesday, April 26th. TheStreet raised shares of DuPont from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. Finally, Zacks Investment Research raised shares of 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. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $69.15.
The stock has a market cap of $60.72 billion and a price-to-earnings ratio of 27.63. The stock’s 50-day moving average is $67.39 and its 200-day moving average is $64.80.
DuPont (NYSE:DD) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.14. The company earned $7.10 billion during the quarter, compared to the consensus estimate of $7.01 billion. DuPont’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 EPS. Equities research analysts expect that DuPont Co. will post $3.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Monday, August 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, August 11th.
Several institutional investors recently modified their holdings of DD. Employees Retirement System of Texas raised its position in shares of DuPont by 3.4% in the fourth quarter. Employees Retirement System of Texas now owns 288,400 shares of the company’s stock worth $19,207,000 after buying an additional 9,400 shares during the last quarter. Investment Management of Virginia LLC raised its position in shares of DuPont by 1.4% in the fourth quarter. Investment Management of Virginia LLC now owns 61,634 shares of the company’s stock worth $4,105,000 after buying an additional 840 shares during the last quarter. Eaton Vance Management raised its position in shares of DuPont by 3.3% in the fourth quarter. Eaton Vance Management now owns 890,534 shares of the company’s stock worth $59,310,000 after buying an additional 28,808 shares during the last quarter. Roosevelt Investment Group Inc. bought a new position in shares of DuPont during the fourth quarter worth approximately $38,635,000. Finally, Cibc World Markets Corp raised its position in shares of DuPont by 14.3% in the fourth quarter. Cibc World Markets Corp now owns 42,152 shares of the company’s stock worth $2,807,000 after buying an additional 5,270 shares during 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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