DuPont Co. (DD) Stake Raised by Capstone Asset Management Co.
Capstone Asset Management Co. raised its stake in DuPont Co. (NYSE:DD) by 4.3% during the third quarter, Holdings Channel reports. The fund owned 76,524 shares of the company’s stock after buying an additional 3,142 shares during the period. Capstone Asset Management Co.’s holdings in DuPont were worth $5,125,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Pinkerton Retirement Specialists LLC increased its position in DuPont by 5,435.3% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,882 shares of the company’s stock valued at $122,000 after buying an additional 1,848 shares in the last quarter. Integrated Investment Consultants LLC increased its position 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. Exchange Capital Management Inc. purchased a new position in DuPont during the second quarter valued at about $147,000. Bellwether Investment Group LLC purchased a new position in DuPont during the second quarter valued at about $154,000. Finally, Point72 Asia Hong Kong Ltd increased its position in DuPont by 575.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,700 shares of the company’s stock valued at $175,000 after buying an additional 2,300 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.
DuPont Co. (NYSE:DD) traded up 3.38% during midday trading on Wednesday, reaching $73.61. The company had a trading volume of 5,179,093 shares. DuPont Co. has a 12-month low of $50.71 and a 12-month high of $75.72. The company has a 50-day moving average of $69.37 and a 200-day moving average of $67.94. The stock has a market capitalization of $63.99 billion, a PE ratio of 32.57 and a beta of 1.71.
DuPont (NYSE:DD) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.13. The business had revenue of $4.90 billion for 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 business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. On average, analysts predict that DuPont Co. will post $3.26 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Tuesday, November 15th will be given a $0.38 dividend. The ex-dividend date is Thursday, November 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.06%. DuPont’s dividend payout ratio is currently 67.26%.
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Several research firms have recently issued reports on DD. Zacks Investment Research downgraded DuPont from a “buy” rating to a “hold” rating in a research note on Wednesday. Nomura started coverage on DuPont in a research note on Tuesday, October 18th. They issued a “buy” rating and a $78.00 price objective for the company. Deutsche Bank AG upped their target price on DuPont from $55.00 to $56.00 and gave the company a “sell” rating in a report on Friday, August 12th. Finally, Citigroup Inc. upgraded DuPont from a “neutral” rating to a “buy” rating and upped their target price for the company from $72.00 to $76.00 in a report on Monday, October 3rd. Three investment 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 has an average rating of “Hold” and a consensus price target 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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