Raymond James Trust N.A. increased its position in DuPont Co. (NYSE:DD) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,014 shares of the company’s stock after buying an additional 1,997 shares during the period. Raymond James Trust N.A.’s holdings in DuPont were worth $5,225,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Tarbox Group Inc. increased its position in DuPont by 0.3% in the second quarter. Tarbox Group Inc. now owns 3,645 shares of the company’s stock valued at $236,000 after buying an additional 10 shares in the last quarter. Union Bankshares Corp increased its position in DuPont by 0.7% in the second quarter. Union Bankshares Corp now owns 4,497 shares of the company’s stock valued at $291,000 after buying an additional 32 shares in the last quarter. Lourd Capital LLC increased its position in DuPont by 0.8% in the second quarter. Lourd Capital LLC now owns 4,184 shares of the company’s stock valued at $271,000 after buying an additional 33 shares in the last quarter. Woodstock Corp increased its position in DuPont by 1.0% in the third quarter. Woodstock Corp now owns 5,162 shares of the company’s stock valued at $346,000 after buying an additional 50 shares in the last quarter. Finally, Gerstein Fisher increased its position in DuPont by 1.1% in the second quarter. Gerstein Fisher now owns 5,178 shares of the company’s stock valued at $336,000 after buying an additional 57 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.
DuPont Co. (NYSE:DD) traded down 0.15% during midday trading on Monday, hitting $70.89. The stock had a trading volume of 2,830,405 shares. The firm has a 50 day moving average of $69.30 and a 200 day moving average of $67.85. The firm has a market cap of $61.63 billion, a price-to-earnings ratio of 31.37 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 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. DuPont had a return on equity of 27.16% and a net margin of 8.08%. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts predict that DuPont Co. will post $3.26 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Tuesday, November 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.14%. DuPont’s dividend payout ratio is currently 67.26%.
A number of analysts have weighed in on the stock. Citigroup Inc. raised shares of DuPont from a “neutral” rating to a “buy” rating and increased their target price for the company from $72.00 to $76.00 in a research report on Monday, October 3rd. Nomura assumed coverage on shares of DuPont in a research report on Tuesday, October 18th. They set a “buy” rating and a $78.00 target price for the company. Deutsche Bank AG increased their target price on shares of DuPont from $55.00 to $56.00 and gave the company a “sell” rating in a research report on Friday, August 12th. Finally, Zacks Investment Research raised shares of DuPont from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Wednesday, November 23rd. Three research 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’s stock. DuPont presently has an average rating of “Hold” and an average price target of $71.33.
DuPont Company Profile
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.