Oregon Public Employees Retirement Fund Sells 66,123 Shares of DuPont Co. (DD)
Oregon Public Employees Retirement Fund lowered its position in shares of DuPont Co. (NYSE:DD) by 42.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,107 shares of the company’s stock after selling 66,123 shares during the period. Oregon Public Employees Retirement Fund’s holdings in DuPont were worth $6,034,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Pinkerton Retirement Specialists LLC boosted its position in DuPont by 5,435.3% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,882 shares of the company’s stock worth $122,000 after buying an additional 1,848 shares during the period. Integrated Investment Consultants LLC boosted its position in DuPont by 10.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,050 shares of the company’s stock worth $133,000 after buying an additional 191 shares during the period. Exchange Capital Management Inc. acquired a new position in DuPont during the second quarter worth approximately $147,000. Bellwether Investment Group LLC acquired a new position in DuPont during the second quarter worth approximately $154,000. Finally, Point72 Asia Hong Kong Ltd boosted its position in DuPont by 575.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,700 shares of the company’s stock worth $175,000 after buying an additional 2,300 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.
DuPont Co. (NYSE:DD) traded up 0.97% during mid-day trading on Friday, reaching $71.00. The company’s stock had a trading volume of 1,591,899 shares. DuPont Co. has a 12-month low of $50.71 and a 12-month high of $75.72. The firm has a market cap of $61.72 billion, a PE ratio of 31.42 and a beta of 1.71. The company has a 50-day moving average price of $69.30 and a 200-day moving average price of $67.85.
DuPont (NYSE:DD) last issued its quarterly 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 previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts expect that DuPont Co. will post $3.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Tuesday, November 15th will be given a $0.38 dividend. The ex-dividend date 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%.
DD has been the subject of a number of research analyst reports. Deutsche Bank AG boosted their price target on DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a report on Friday, August 12th. Zacks Investment Research cut DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Citigroup Inc. raised DuPont from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $72.00 to $76.00 in a report on Monday, October 3rd. Finally, Nomura started coverage on DuPont in a report on Tuesday, October 18th. They set a “buy” rating and a $78.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $71.33.
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.