DuPont Co. (NYSE:DD) Receives Average Recommendation of “Hold” from Brokerages
Shares of DuPont Co. (NYSE:DD) have been assigned a consensus rating of “Hold” from the twenty analysts that are presently covering the company. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $67.74.
A number of equities analysts have recently commented on DD shares. Barclays PLC lifted their price target on shares of DuPont from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 27th. Macquarie set a $71.00 price target on shares of DuPont and gave the company a “neutral” rating in a research report on Thursday, July 21st. Vetr raised shares of DuPont from a “hold” rating to a “buy” rating and set a $69.68 price target on the stock in a research report on Monday, June 13th. TheStreet lowered shares of DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, Citigroup Inc. raised shares of DuPont from a “neutral” rating to a “buy” rating and lifted their price target for the company from $72.00 to $76.00 in a research report on Monday.
Shares of DuPont (NYSE:DD) traded up 1.60% during mid-day trading on Wednesday, hitting $67.95. 873,573 shares of the company’s stock were exchanged. DuPont has a 52 week low of $50.71 and a 52 week high of $75.72. The company has a market capitalization of $59.41 billion, a price-to-earnings ratio of 27.03 and a beta of 1.78. The firm has a 50 day moving average price of $68.42 and a 200-day moving average price of $66.65.
DuPont (NYSE:DD) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.01 billion. DuPont had a net margin of 9.01% and a return on equity of 24.59%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 earnings per share. On average, equities analysts anticipate that DuPont will post $3.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 15th were issued 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 is 60.32%.
In other DuPont news, EVP Christopher Marc Doyle sold 5,422 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $69.53, for a total transaction of $376,991.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James C. Jr. Collins sold 50,316 shares of the business’s stock in a transaction dated 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.
A number of hedge funds have recently made changes to their positions in the company. Tiemann Investment Advisors LLC boosted its stake in shares of DuPont by 1.5% in the first quarter. Tiemann Investment Advisors LLC now owns 4,180 shares of the company’s stock valued at $265,000 after buying an additional 60 shares in the last quarter. Compton Capital Management Inc. RI boosted its stake in shares of DuPont by 4.4% in the first quarter. Compton Capital Management Inc. RI now owns 4,710 shares of the company’s stock valued at $298,000 after buying an additional 200 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of DuPont by 3.4% in the first quarter. IFP Advisors Inc now owns 56,256 shares of the company’s stock valued at $3,562,000 after buying an additional 1,855 shares in the last quarter. Northern Oak Wealth Management Inc. boosted its stake in shares of DuPont by 2.6% in the first quarter. Northern Oak Wealth Management Inc. now owns 17,899 shares of the company’s stock valued at $1,133,000 after buying an additional 449 shares in the last quarter. Finally, Hyman Charles D purchased a new stake in shares of DuPont during the first quarter valued at $1,710,000. 70.29% of the stock is owned by hedge funds and other institutional investors.
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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