Lau Associates LLC Maintains Position in DuPont Co. (DD)
Lau Associates LLC maintained its stake in DuPont Co. (NYSE:DD) during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 77,815 shares of the company’s stock at the end of the third quarter. DuPont makes up 5.3% of Lau Associates LLC’s portfolio, making the stock its 4th largest position. Lau Associates LLC’s holdings in DuPont were worth $5,211,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in DD. Pinkerton Retirement Specialists LLC raised its position in shares of DuPont by 5,435.3% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,882 shares of the company’s stock valued at $122,000 after buying an additional 1,848 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of DuPont by 10.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,050 shares of the company’s stock valued at $133,000 after buying an additional 191 shares in the last quarter. Exchange Capital Management Inc. acquired a new position in shares of DuPont during the second quarter valued at $147,000. Bellwether Investment Group LLC acquired a new position in shares of DuPont during the second quarter valued at $154,000. Finally, Point72 Asia Hong Kong Ltd raised its position in shares of DuPont by 575.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,700 shares of the company’s stock valued at $175,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 71.24% of the company’s stock.
Shares of DuPont Co. (NYSE:DD) traded down 0.48% on Friday, hitting $68.84. 1,842,077 shares of the stock were exchanged. The stock has a market cap of $59.85 billion, a price-to-earnings ratio of 30.46 and a beta of 1.71. The stock’s 50-day moving average is $68.66 and its 200-day moving average is $67.56. DuPont Co. has a 1-year low of $50.71 and a 1-year high of $75.72.
DuPont (NYSE:DD) last released its earnings results on Tuesday, October 25th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.13. DuPont had a net margin of 8.08% and a return on equity of 27.16%. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the previous year, the company earned $0.13 EPS. DuPont’s quarterly revenue was up .9% compared to the same quarter last year. Analysts forecast that DuPont Co. will post $3.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Tuesday, November 15th will be given a dividend of $0.38 per share. 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 2.21%. DuPont’s payout ratio is presently 67.26%.
Several equities analysts recently weighed in on the stock. Barclays PLC increased their price objective on shares of DuPont from $67.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, July 27th. TheStreet lowered shares of DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Vetr lowered shares of DuPont from a “sell” rating to a “strong sell” rating and set a $61.16 price objective on the stock. in a report on Monday, July 25th. Citigroup Inc. upgraded shares of DuPont from a “neutral” rating to a “buy” rating and increased their price objective for the company from $72.00 to $76.00 in a report on Monday, October 3rd. Finally, Deutsche Bank AG increased their price objective on shares of DuPont from $55.00 to $56.00 and gave the company a “sell” rating in a report on Friday, August 12th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $71.15.
In related news, insider James C. Jr. Collins sold 50,316 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $70.30, for a total transaction of $3,537,214.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Benito Cachinero sold 58,958 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $70.36, for a total transaction of $4,148,284.88. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
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.
Receive News & Stock Ratings for DuPont Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont Co. and related stocks with our FREE daily email newsletter.