VNBTrust National Association Maintains Position in DuPont Co. (DD)
VNBTrust National Association continued to hold its stake in DuPont Co. (NYSE:DD) during the third quarter, Holdings Channel reports. The firm owned 224,424 shares of the company’s stock at the end of the third quarter. DuPont comprises about 8.6% of VNBTrust National Association’s holdings, making the stock its largest position. VNBTrust National Association’s holdings in DuPont were worth $15,029,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Smith Asset Management Group LP boosted its stake in shares of DuPont by 21.1% in the second quarter. Smith Asset Management Group LP now owns 208,375 shares of the company’s stock worth $13,503,000 after buying an additional 36,270 shares during the last quarter. Hallmark Capital Management Inc. acquired a new stake in shares of DuPont during the second quarter worth approximately $473,000. Private Advisor Group LLC boosted its stake in shares of DuPont by 6.0% in the second quarter. Private Advisor Group LLC now owns 67,962 shares of the company’s stock worth $4,205,000 after buying an additional 3,854 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of DuPont by 0.5% in the first quarter. Legal & General Group Plc now owns 3,901,748 shares of the company’s stock worth $247,077,000 after buying an additional 20,701 shares during the last quarter. Finally, TNB Financial boosted its stake in shares of DuPont by 7.1% in the second quarter. TNB Financial now owns 5,635 shares of the company’s stock worth $365,000 after buying an additional 375 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.
DuPont Co. (NYSE:DD) opened at 68.35 on Friday. The stock has a market cap of $59.76 billion, a P/E ratio of 27.19 and a beta of 1.78. DuPont Co. has a 52 week low of $50.71 and a 52 week high of $75.72. The company’s 50 day moving average is $68.40 and its 200 day moving average is $66.70.
DuPont (NYSE:DD) last released its earnings results on Tuesday, July 26th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.01 billion. DuPont had a net margin of 9.01% and a return on equity of 24.59%. DuPont’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $1.18 EPS. Equities analysts predict that DuPont Co. will post $3.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 15th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.52 annualized dividend and a yield of 2.22%. DuPont’s payout ratio is 60.32%.
A number of equities research analysts have recently commented on the stock. Vetr cut shares of DuPont from a “buy” rating to a “hold” rating and set a $69.68 target price for the company. in a report on Monday, June 20th. Barclays PLC reaffirmed a “neutral” rating on shares of DuPont in a report on Thursday, July 28th. Citigroup Inc. upgraded shares of DuPont from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $72.00 to $76.00 in a research note on Monday, October 3rd. Deutsche Bank AG boosted their price target on shares of DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a research note on Friday, August 12th. Finally, TheStreet lowered shares of DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $70.73.
In other DuPont news, EVP Christopher Marc Doyle sold 5,422 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $69.53, for a total transaction of $376,991.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.
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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