Trade Report: The DuPont Co. (NYSE:DD) Given Average Recommendation of “Hold” from Brokerages

The DuPont Co. (NYSE:DD) Given Average Recommendation of “Hold” from Brokerages

DuPont Co. (NYSE:DD) has been assigned a consensus rating of “Hold” from the twenty ratings firms that are presently covering the firm. Four analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $67.74.

A number of equities research analysts have commented on DD shares. Vetr raised DuPont from a “hold” rating to a “buy” rating and set a $69.68 price objective for the company in a research note on Monday, June 13th. Citigroup Inc. raised DuPont from a “neutral” rating to a “buy” rating and lifted their target price for the company from $72.00 to $76.00 in a research report on Monday. Barclays PLC lifted their target price on DuPont from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 27th. Zacks Investment Research cut DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, TheStreet cut DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th.

In related news, SVP Benito Cachinero sold 58,958 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $70.36, for a total transaction of $4,148,284.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher Marc Doyle sold 5,422 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $69.53, for a total value of $376,991.66. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Smith Asset Management Group LP boosted its position in DuPont by 21.1% in the second quarter. Smith Asset Management Group LP now owns 208,375 shares of the company’s stock worth $13,503,000 after buying an additional 36,270 shares during the last quarter. Hallmark Capital Management Inc. purchased a new position in DuPont during the second quarter worth about $473,000. Private Advisor Group LLC boosted its position in DuPont by 6.0% in the second quarter. Private Advisor Group LLC now owns 67,962 shares of the company’s stock worth $4,205,000 after buying an additional 3,854 shares during the last quarter. Legal & General Group Plc boosted its position in DuPont by 0.5% in the first quarter. Legal & General Group Plc now owns 3,901,748 shares of the company’s stock worth $247,077,000 after buying an additional 20,701 shares during the last quarter. Finally, TNB Financial boosted its position in DuPont by 7.1% in the second quarter. TNB Financial now owns 5,635 shares of the company’s stock worth $365,000 after buying an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

DuPont (NYSE:DD) traded up 1.60% on Wednesday, reaching $67.95. The company’s stock had a trading volume of 873,573 shares. DuPont has a 12 month low of $50.71 and a 12 month high of $75.72. The firm has a 50 day moving average of $68.42 and a 200 day moving average of $66.65. The firm has a market cap of $59.41 billion, a price-to-earnings ratio of 27.03 and a beta of 1.78.

DuPont (NYSE:DD) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. DuPont had a return on equity of 24.59% and a net margin of 9.01%. The firm earned $7.10 billion during the quarter, compared to analysts’ expectations of $7.01 billion. During the same quarter last year, the firm posted $1.18 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts anticipate that DuPont will post $3.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, August 11th. DuPont’s payout ratio is 60.32%.

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