Conestoga Capital Advisors LLC held its stake in shares of DuPont Co. (NYSE:DD) during the third quarter, Holdings Channel reports. The firm owned 3,630 shares of the company’s stock at the end of the third quarter. Conestoga Capital Advisors LLC’s holdings in DuPont were worth $243,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of DD. Capital World Investors raised its stake in shares of DuPont by 8.3% in the second quarter. Capital World Investors now owns 97,323,259 shares of the company’s stock worth $6,306,547,000 after buying an additional 7,484,437 shares during the period. FMR LLC raised its stake in shares of DuPont by 18.8% in the second quarter. FMR LLC now owns 25,133,333 shares of the company’s stock worth $1,628,640,000 after buying an additional 3,970,004 shares during the period. Vanguard Group Inc. raised its stake in shares of DuPont by 2.7% in the second quarter. Vanguard Group Inc. now owns 55,881,243 shares of the company’s stock worth $3,621,105,000 after buying an additional 1,474,722 shares during the period. Bank of Montreal Can purchased a new stake in shares of DuPont during the second quarter worth $42,410,000. Finally, BlackRock Advisors LLC raised its stake in shares of DuPont by 9.7% in the second quarter. BlackRock Advisors LLC now owns 6,935,515 shares of the company’s stock worth $449,421,000 after buying an additional 613,759 shares during the period. 71.53% of the stock is owned by institutional investors and hedge funds.
Shares of DuPont Co. (NYSE:DD) traded up 0.97% during mid-day trading on Friday, hitting $71.00. The stock had a trading volume of 1,591,899 shares. The firm has a 50 day moving average price of $69.30 and a 200 day moving average price of $67.85. The firm has a market cap of $61.72 billion, a PE ratio of 31.42 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 earnings results on Tuesday, October 25th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.13. The firm earned $4.90 billion during the quarter, compared to analyst estimates of $4.86 billion. DuPont had a return on equity of 27.16% and a net margin of 8.08%. DuPont’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. Equities analysts predict that DuPont Co. will post $3.26 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Tuesday, November 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, November 10th. DuPont’s dividend payout ratio is presently 67.26%.
DD has been the subject of a number of research analyst reports. Zacks Investment Research lowered DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Nomura initiated coverage on DuPont in a research report on Tuesday, October 18th. They issued a “buy” rating and a $78.00 price target for the company. Deutsche Bank AG boosted their price target on DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a research report on Friday, August 12th. Finally, Citigroup Inc. raised 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 report on Monday, October 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus 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.