Stevens First Principles Investment Advisors Sells 53 Shares of DuPont Co. (DD)
Stevens First Principles Investment Advisors decreased its position in DuPont Co. (NYSE:DD) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 21,661 shares of the company’s stock after selling 53 shares during the period. Stevens First Principles Investment Advisors’ holdings in DuPont were worth $1,404,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of DD. 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 worth $2,482,973,000 after buying an additional 423,988 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of DuPont by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 22,885,023 shares of the company’s stock worth $1,449,080,000 after buying an additional 66,784 shares in the last quarter. Trian Fund Management L.P. increased its position in shares of DuPont by 1.3% in the first quarter. Trian Fund Management L.P. now owns 20,485,262 shares of the company’s stock worth $1,297,127,000 after buying an additional 261,187 shares in the last quarter. Geode Capital Management LLC increased its position in shares of DuPont by 2.1% in the first quarter. Geode Capital Management LLC now owns 7,237,054 shares of the company’s stock worth $457,342,000 after buying an additional 149,132 shares in the last quarter. Finally, BlackRock Group LTD increased its position in shares of DuPont by 5.2% in the first quarter. BlackRock Group LTD now owns 6,990,264 shares of the company’s stock worth $442,624,000 after buying an additional 348,447 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.
DuPont Co. (NYSE:DD) traded up 0.86% during mid-day trading on Monday, hitting $68.94. 1,177,208 shares of the company’s stock were exchanged. The stock has a market capitalization of $60.28 billion, a P/E ratio of 27.42 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 firm has a 50 day moving average of $68.40 and a 200 day moving average of $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 earned $7.10 billion during 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%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 EPS. Equities analysts forecast that DuPont Co. will post $3.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.22%. The ex-dividend date was Thursday, August 11th. DuPont’s payout ratio is currently 60.32%.
Several equities research analysts recently issued reports 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. Citigroup Inc. raised shares of DuPont from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $72.00 to $76.00 in a research note on Monday, October 3rd. Vetr downgraded shares of DuPont from a “sell” rating to a “strong sell” rating and set a $61.16 price target on the stock. in a research note on Monday, July 25th. Barclays PLC lifted their price target on shares of DuPont from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 27th. Finally, Deutsche Bank AG lifted 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. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $70.73.
In other news, SVP Benito Cachinero sold 58,958 shares of the stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $70.36, for a total value of $4,148,284.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher Marc Doyle sold 5,422 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $69.53, for a total transaction of $376,991.66. The disclosure for this sale can be found here. Corporate 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.
Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont Co. (NYSE:DD).
Receive News & Ratings for DuPont Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont Co. and related companies with MarketBeat.com's FREE daily email newsletter.