DuPont Co. (DD) Shares Bought by Biondo Investment Advisors LLC
Biondo Investment Advisors LLC raised its position in shares of DuPont Co. (NYSE:DD) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,017 shares of the company’s stock after buying an additional 196 shares during the period. Biondo Investment Advisors LLC’s holdings in DuPont were worth $3,149,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Mycio Wealth Partners LLC increased its position in DuPont by 7.6% in the third quarter. Mycio Wealth Partners LLC now owns 8,213 shares of the company’s stock worth $550,000 after buying an additional 577 shares in the last quarter. Albion Financial Group UT increased its position in DuPont by 1.0% in the third quarter. Albion Financial Group UT now owns 5,080 shares of the company’s stock worth $340,000 after buying an additional 50 shares in the last quarter. Toronto Dominion Bank increased its position in DuPont by 36.4% in the third quarter. Toronto Dominion Bank now owns 79,070 shares of the company’s stock worth $5,303,000 after buying an additional 21,096 shares in the last quarter. Diversified Trust Co increased its position in DuPont by 7.8% in the third quarter. Diversified Trust Co now owns 8,275 shares of the company’s stock worth $554,000 after buying an additional 600 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in DuPont by 49.7% in the third quarter. Victory Capital Management Inc. now owns 16,691 shares of the company’s stock worth $1,118,000 after buying an additional 5,541 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DuPont Co. (NYSE:DD) traded up 0.44% during midday trading on Tuesday, hitting $71.20. The company had a trading volume of 2,473,001 shares. DuPont Co. has a 12 month low of $50.71 and a 12 month high of $75.72. The company has a 50-day moving average of $69.37 and a 200-day moving average of $67.94. The company has a market capitalization of $61.90 billion, a PE ratio of 31.50 and a beta of 1.71.
DuPont (NYSE:DD) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. The company earned $4.90 billion during the quarter, compared to analysts’ expectations of $4.86 billion. DuPont had a return on equity of 27.16% and a net margin of 8.08%. DuPont’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. Analysts predict that DuPont Co. will post $3.26 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Tuesday, November 15th will be issued a $0.38 dividend. The ex-dividend date is Thursday, November 10th. This represents a $1.52 dividend on an annualized basis and a yield of 2.13%. DuPont’s payout ratio is 67.26%.
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Several research analysts have recently commented on the company. Zacks Investment Research raised DuPont from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Wednesday, November 23rd. Deutsche Bank AG raised their price objective on DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a research note on Friday, August 12th. Nomura assumed coverage on DuPont in a research note on Tuesday, October 18th. They issued a “buy” rating and a $78.00 price objective on the stock. Finally, Citigroup Inc. raised DuPont from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $72.00 to $76.00 in a research note on Monday, October 3rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock 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.
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