WASHINGTON TRUST Co decreased its position in DuPont Co. (NYSE:DD) by 9.8% during the third quarter, Holdings Channel reports. The fund owned 35,585 shares of the company’s stock after selling 3,887 shares during the period. WASHINGTON TRUST Co’s holdings in DuPont were worth $2,383,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the company. Tarbox Group Inc. increased its stake in DuPont by 0.3% in the second quarter. Tarbox Group Inc. now owns 3,645 shares of the company’s stock worth $236,000 after buying an additional 10 shares in the last quarter. Savant Capital LLC increased its stake in DuPont by 0.3% in the third quarter. Savant Capital LLC now owns 6,508 shares of the company’s stock worth $436,000 after buying an additional 20 shares in the last quarter. Ronald Blue & Co. LLC increased its stake in DuPont by 0.6% in the third quarter. Ronald Blue & Co. LLC now owns 4,117 shares of the company’s stock worth $276,000 after buying an additional 24 shares in the last quarter. Union Bankshares Corp increased its stake in DuPont by 0.7% in the second quarter. Union Bankshares Corp now owns 4,497 shares of the company’s stock worth $291,000 after buying an additional 32 shares in the last quarter. Finally, Lourd Capital LLC increased its stake in DuPont by 0.8% in the second quarter. Lourd Capital LLC now owns 4,184 shares of the company’s stock worth $271,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.
DuPont Co. (NYSE:DD) traded down 0.15% during mid-day trading on Monday, reaching $70.89. The company’s stock had a trading volume of 2,835,013 shares. The firm has a market capitalization of $61.63 billion, a PE ratio of 31.37 and a beta of 1.71. DuPont Co. has a 12 month low of $50.71 and a 12 month high of $75.72. The stock’s 50-day moving average is $69.37 and its 200-day moving average is $67.94.
DuPont (NYSE:DD) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. DuPont had a return on equity of 27.16% and a net margin of 8.08%. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the company posted $0.13 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. On average, equities analysts anticipate that DuPont Co. will post $3.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Tuesday, November 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, November 10th. DuPont’s dividend payout ratio (DPR) is presently 67.26%.
A number of equities research analysts have recently weighed in on DD shares. Deutsche Bank AG lifted their price objective on DuPont from $55.00 to $56.00 and gave the company a “sell” rating in a research note on Friday, August 12th. Zacks Investment Research cut DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Citigroup Inc. raised DuPont from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $72.00 to $76.00 in a research note on Monday, October 3rd. Finally, 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. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. DuPont presently has an average rating of “Hold” and an average 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.