Robeco Institutional Asset Management B.V. Purchases 2,672 Shares of DuPont Co. (DD)
Robeco Institutional Asset Management B.V. increased its position in DuPont Co. (NYSE:DD) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 112,191 shares of the company’s stock after buying an additional 2,672 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in DuPont were worth $7,270,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the company. Integrated Investment Consultants LLC boosted its stake in DuPont by 10.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,050 shares of the company’s stock valued at $133,000 after buying an additional 191 shares in the last quarter. CrestPoint Capital Management LLC acquired a new stake in DuPont during the second quarter valued at about $201,000. Rockland Trust Co. acquired a new stake in DuPont during the second quarter valued at about $218,000. EP Wealth Advisors Inc. acquired a new stake in DuPont during the first quarter valued at about $226,000. Finally, Windward Capital Management Co. CA boosted its stake in DuPont by 4.2% in the second quarter. Windward Capital Management Co. CA now owns 3,866 shares of the company’s stock valued at $251,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.
DuPont Co. (NYSE:DD) traded down 1.03% on Friday, reaching $68.35. The company’s stock had a trading volume of 2,391,252 shares. The firm has a market capitalization of $59.76 billion, a price-to-earnings ratio of 27.19 and a beta of 1.78. The company has a 50 day moving average of $68.40 and a 200 day moving average of $66.70. DuPont Co. has a 52 week low of $50.71 and a 52 week high of $75.72.
DuPont (NYSE:DD) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. The business earned $7.10 billion during the quarter, compared to analyst estimates of $7.01 billion. DuPont had a return on equity of 24.59% and a net margin of 9.01%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 earnings per share. On average, analysts forecast that DuPont Co. will post $3.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 15th were given a $0.38 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.22%. DuPont’s dividend payout ratio (DPR) is presently 60.32%.
A number of equities analysts recently commented on DD shares. Vetr lowered DuPont from a “buy” rating to a “hold” rating and set a $66.68 price target for the company. in a research note on Thursday, June 30th. TheStreet lowered DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Barclays PLC reissued a “neutral” rating on shares of DuPont in a research note on Thursday, July 28th. Macquarie set a $71.00 price target on DuPont and gave the company a “neutral” rating in a research note on Thursday, July 21st. Finally, JPMorgan Chase & Co. lowered DuPont from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $73.00 to $64.00 in a research note on Tuesday, June 28th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. DuPont has an average rating of “Hold” and a consensus price target of $70.73.
In related news, EVP Christopher Marc Doyle sold 5,422 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $69.53, for a total value of $376,991.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James C. Jr. Collins sold 50,316 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $70.30, for a total value of $3,537,214.80. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.
DuPont Company Profile
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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