DuPont Co. (DD) Sees Unusually-High Trading Volume
Shares of DuPont Co. (NYSE:DD) saw unusually-strong trading volume on Thursday . Approximately 2,710,459 shares changed hands during trading, an increase of 11% from the previous session’s volume of 2,440,975 shares.The stock last traded at $69.01 and had previously closed at $68.62.
Several equities research analysts recently weighed in on DD shares. Vetr raised shares of DuPont from a “hold” rating to a “buy” rating and set a $69.68 price target for the company in a research report on Monday, May 2nd. Zacks Investment Research raised shares of DuPont from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Thursday, April 28th. TheStreet raised shares of DuPont from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Barclays PLC lifted their target price on shares of DuPont from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $67.00 target price on shares of DuPont in a research report on Thursday, June 2nd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $69.15.
The company has a market cap of $61.01 billion and a price-to-earnings ratio of 27.76. The company has a 50 day moving average of $67.53 and a 200 day moving average of $64.92.
DuPont (NYSE:DD) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. The company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.01 billion. During the same quarter in the previous year, the company posted $1.18 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts forecast that DuPont Co. will post $3.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Monday, August 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.18%.
Several hedge funds have added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC raised its stake in DuPont by 2.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 19,111 shares of the company’s stock worth $1,272,000 after buying an additional 496 shares during the last quarter. Victory Capital Management Inc. raised its stake in DuPont by 54.8% in the fourth quarter. Victory Capital Management Inc. now owns 52,325 shares of the company’s stock worth $3,485,000 after buying an additional 18,515 shares during the last quarter. Ancora Advisors LLC raised its stake in DuPont by 4.8% in the fourth quarter. Ancora Advisors LLC now owns 49,011 shares of the company’s stock worth $3,624,000 after buying an additional 2,250 shares during the last quarter. Investment Management of Virginia LLC raised its stake in DuPont by 1.4% in the fourth quarter. Investment Management of Virginia LLC now owns 61,634 shares of the company’s stock worth $4,105,000 after buying an additional 840 shares during the last quarter. Finally, Calvert Investment Management Inc. raised its stake in DuPont by 12.9% in the fourth quarter. Calvert Investment Management Inc. now owns 85,301 shares of the company’s stock worth $5,681,000 after buying an additional 9,737 shares during the last quarter.
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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