Park National Corp OH Has $11,662,000 Stake in DuPont Co. (DD)
Park National Corp OH lowered its stake in DuPont Co. (NYSE:DD) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,126 shares of the company’s stock after selling 4,477 shares during the period. Park National Corp OH’s holdings in DuPont were worth $11,662,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in DuPont by 7.8% in the first quarter. Wellington Management Group LLP now owns 273,463 shares of the company’s stock valued at $17,316,000 after buying an additional 19,780 shares during the last quarter. Babson Capital Management LLC purchased a new position in DuPont during the first quarter valued at about $1,832,000. Seven Eight Capital LLC raised its position in DuPont by 191.3% in the first quarter. Seven Eight Capital LLC now owns 13,400 shares of the company’s stock valued at $848,000 after buying an additional 8,800 shares during the last quarter. Squarepoint Ops LLC purchased a new position in DuPont during the first quarter valued at about $2,505,000. Finally, Euclid Advisors LLC purchased a new position in DuPont during the first quarter valued at about $2,225,000. Hedge funds and other institutional investors own 71.24% of the company’s stock.
Shares of DuPont Co. (NYSE:DD) traded down 0.48% during midday trading on Friday, reaching $68.84. The company had a trading volume of 1,842,077 shares. The firm has a market capitalization of $59.85 billion, a price-to-earnings ratio of 30.46 and a beta of 1.71. The company has a 50 day moving average of $68.66 and a 200 day moving average of $67.56. DuPont Co. has a 12-month low of $50.71 and a 12-month 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. Analysts anticipate 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 2.21%. DuPont’s dividend payout ratio is currently 67.26%.
DD has been the subject of several recent analyst reports. Vetr downgraded shares of DuPont from a “sell” rating to a “strong sell” rating and set a $61.16 price objective for the company. in a research report on Monday, July 25th. Barclays PLC raised their price objective on shares of DuPont from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. TheStreet downgraded shares of DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Deutsche Bank AG raised their price objective on shares of DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a research report on Friday, August 12th. Finally, Zacks Investment Research downgraded shares of DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $71.15.
In other news, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Benito Cachinero sold 58,958 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $70.36, for a total value of $4,148,284.88. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.
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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