DuPont Co. (DD) Position Boosted by Eagle Asset Management Inc.
Eagle Asset Management Inc. raised its position in shares of DuPont Co. (NYSE:DD) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 1,178,305 shares of the company’s stock after buying an additional 26,950 shares during the period. Eagle Asset Management Inc.’s holdings in DuPont were worth $78,911,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of DD. Tarbox Group Inc. raised its position in DuPont by 0.3% in the second quarter. Tarbox Group Inc. now owns 3,645 shares of the company’s stock valued at $236,000 after buying an additional 10 shares during the last quarter. Union Bankshares Corp raised its position in DuPont by 0.7% in the second quarter. Union Bankshares Corp now owns 4,497 shares of the company’s stock valued at $291,000 after buying an additional 32 shares during the last quarter. Lourd Capital LLC raised its position in DuPont by 0.8% in the second quarter. Lourd Capital LLC now owns 4,184 shares of the company’s stock valued at $271,000 after buying an additional 33 shares during the last quarter. Woodstock Corp raised its position in DuPont by 1.0% in the third quarter. Woodstock Corp now owns 5,162 shares of the company’s stock valued at $346,000 after buying an additional 50 shares during the last quarter. Finally, Gerstein Fisher raised its position in DuPont by 1.1% in the second quarter. Gerstein Fisher now owns 5,178 shares of the company’s stock valued at $336,000 after buying an additional 57 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.
Shares of DuPont Co. (NYSE:DD) opened at 71.20 on Wednesday. The stock’s 50 day moving average price is $69.37 and its 200-day moving average price is $67.94. The stock has a market cap of $61.90 billion, a price-to-earnings ratio of 31.50 and a beta of 1.71. DuPont Co. has a 52 week low of $50.71 and a 52 week high of $75.72.
DuPont (NYSE:DD) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. The business earned $4.90 billion during the quarter, compared to analysts’ expectations of $4.86 billion. DuPont had a return on equity of 27.16% and a net margin of 8.08%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. Equities analysts anticipate that DuPont Co. will post $3.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Tuesday, November 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, November 10th. DuPont’s dividend payout ratio (DPR) is 67.26%.
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Several research analysts have commented on the stock. Zacks Investment Research lowered shares of DuPont from a “buy” rating to a “hold” rating in a research note on Wednesday. Nomura started coverage on DuPont in a research report on Tuesday, October 18th. They set a “buy” rating and a $78.00 target price for the company. Citigroup Inc. upgraded DuPont from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $72.00 to $76.00 in a research report on Monday, October 3rd. Finally, Deutsche Bank AG lifted their target price on DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a research report on Friday, August 12th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $71.33.
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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