DuPont Co. (DD) Stake Increased by Quadrant Capital Group LLC
Quadrant Capital Group LLC boosted its stake in shares of DuPont Co. (NYSE:DD) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,605 shares of the company’s stock after buying an additional 144 shares during the period. Quadrant Capital Group LLC’s holdings in DuPont were worth $222,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. increased its position in shares of DuPont by 157.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,470,909 shares of the company’s stock valued at $346,418,000 after buying an additional 3,347,501 shares during the period. Bank of Montreal Can purchased a new position in shares of DuPont during the second quarter valued at approximately $42,410,000. Svenska Handelsbanken AB publ purchased a new position in shares of DuPont during the second quarter valued at approximately $29,030,000. State Street Corp increased its position in shares of DuPont by 1.1% in the first quarter. State Street Corp now owns 39,212,995 shares of the company’s stock valued at $2,482,973,000 after buying an additional 423,988 shares during the period. Finally, HBK Investments L P increased its position in shares of DuPont by 197.2% in the first quarter. HBK Investments L P now owns 610,938 shares of the company’s stock valued at $38,685,000 after buying an additional 405,341 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.
Shares of DuPont Co. (NYSE:DD) traded up 1.44% on Thursday, reaching $69.06. 2,188,176 shares of the company were exchanged. The firm’s 50 day moving average price is $68.42 and its 200 day moving average price is $66.66. The stock has a market capitalization of $60.38 billion, a price-to-earnings ratio of 27.47 and a beta of 1.78. DuPont Co. has a 52 week low of $50.71 and a 52 week high of $75.72.
DuPont (NYSE:DD) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. DuPont had a net margin of 9.01% and a return on equity of 24.59%. The company 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 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts anticipate that DuPont Co. will post $3.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Thursday, August 11th. DuPont’s dividend payout ratio (DPR) is 60.32%.
Several equities analysts have recently commented on DD shares. Zacks Investment Research downgraded shares of DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Vetr raised shares of DuPont from a “strong sell” rating to a “sell” rating and set a $64.60 price objective for the company in a research note on Tuesday, July 26th. JPMorgan Chase & Co. downgraded shares of DuPont from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $73.00 to $64.00 in a research note on Tuesday, June 28th. Deutsche Bank AG upped their price objective on shares of DuPont from $55.00 to $56.00 and gave the company a “sell” rating in a research note on Friday, August 12th. Finally, Barclays PLC reiterated a “neutral” rating on shares of DuPont in a research report on Thursday, July 28th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.51.
In other DuPont news, SVP Benito Cachinero sold 58,958 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $70.36, for a total transaction of $4,148,284.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James C. Jr. Collins sold 50,316 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $70.30, for a total transaction of $3,537,214.80. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.
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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