Creative Planning Has $4,429,000 Position in DuPont Co. (DD)
Creative Planning boosted its stake in shares of DuPont Co. (NYSE:DD) by 20.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,131 shares of the company’s stock after buying an additional 11,048 shares during the period. Creative Planning’s holdings in DuPont were worth $4,429,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Tarbox Group Inc. boosted its stake in shares of DuPont by 0.3% in the second quarter. Tarbox Group Inc. now owns 3,645 shares of the company’s stock valued at $236,000 after buying an additional 10 shares during the period. Union Bankshares Corp boosted its stake in shares of DuPont by 0.7% in the second quarter. Union Bankshares Corp now owns 4,497 shares of the company’s stock valued at $291,000 after buying an additional 32 shares during the period. Lourd Capital LLC boosted its stake in shares of DuPont by 0.8% in the second quarter. Lourd Capital LLC now owns 4,184 shares of the company’s stock valued at $271,000 after buying an additional 33 shares during the period. Woodstock Corp boosted its stake in shares of DuPont by 1.0% in the third quarter. Woodstock Corp now owns 5,162 shares of the company’s stock valued at $346,000 after buying an additional 50 shares during the period. Finally, Gerstein Fisher boosted its stake in shares of DuPont by 1.1% in the second quarter. Gerstein Fisher now owns 5,178 shares of the company’s stock valued at $336,000 after buying an additional 57 shares during the period. 69.57% of the stock is owned by institutional investors.
DuPont Co. (NYSE:DD) traded up 0.44% during midday trading on Tuesday, hitting $71.20. The stock had a trading volume of 2,473,001 shares. The firm has a 50-day moving average price of $69.37 and a 200-day moving average price of $67.94. The firm has a market capitalization of $61.90 billion, a price-to-earnings ratio of 31.50 and a beta of 1.71. DuPont Co. has a 1-year low of $50.71 and a 1-year high of $75.72.
DuPont (NYSE:DD) last announced 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 return on equity of 27.16% and a net margin of 8.08%. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the firm earned $0.13 EPS. DuPont’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that DuPont Co. will post $3.26 earnings per share for the current year.
The company 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 $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, November 10th. DuPont’s dividend payout ratio is presently 67.26%.
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Several brokerages have commented on DD. Zacks Investment Research upgraded shares of DuPont from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Wednesday, November 23rd. Nomura started coverage on DuPont in a report on Tuesday, October 18th. They set a “buy” rating and a $78.00 price objective on the stock. Deutsche Bank AG boosted their price objective on DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a report on Friday, August 12th. Finally, Citigroup Inc. upgraded DuPont from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $72.00 to $76.00 in a report on Monday, October 3rd. 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. The company currently has a consensus rating of “Hold” and a consensus price target of $71.33.
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.
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