DuPont Co. (DD) Raised to “Buy” at Citigroup Inc.
DuPont Co. (NYSE:DD) was upgraded by equities researchers at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday.
Several other analysts also recently commented on DD. Zacks Investment Research downgraded DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Deutsche Bank AG increased their price objective on DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a research note on Friday, August 12th. Barclays PLC reissued a “neutral” rating on shares of DuPont in a research note on Thursday, July 28th. TheStreet downgraded DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, Vetr raised DuPont from a “strong sell” rating to a “sell” rating and set a $64.60 price objective for the company in a research note on Tuesday, July 26th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. DuPont has an average rating of “Hold” and a consensus target price of $69.15.
Shares of DuPont (NYSE:DD) opened at 66.97 on Monday. The firm has a market capitalization of $58.55 billion, a PE ratio of 26.64 and a beta of 1.78. The company’s 50-day moving average price is $68.46 and its 200 day moving average price is $66.56. DuPont has a 12-month low of $49.53 and a 12-month high of $75.72.
DuPont (NYSE:DD) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. DuPont had a return on equity of 24.59% and a net margin of 9.01%. The business had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.01 billion. During the same period in the prior year, the business earned $1.18 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts forecast that DuPont will post $3.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 15th were given a $0.38 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.27%. DuPont’s dividend payout ratio (DPR) is presently 60.32%.
In related news, EVP Christopher Marc Doyle sold 5,422 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $69.53, for a total value of $376,991.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James C. Jr. Collins sold 50,316 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $70.30, for a total value of $3,537,214.80. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of DD. Smith Asset Management Group LP increased its stake 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 stake in DuPont during the second quarter worth $473,000. Private Advisor Group LLC increased its stake 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 increased its stake 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 increased its stake 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. Institutional investors own 70.29% of the company’s stock.
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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