DuPont Co. (DD) Position Boosted by Eagle Asset Management Inc.
Eagle Asset Management Inc. boosted its position in shares of DuPont Co. (NYSE:DD) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,178,305 shares of the company’s stock after buying an additional 26,950 shares during the period. Eagle Asset Management Inc. owned 0.13% of DuPont worth $78,911,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DNB Asset Management AS increased its position in DuPont by 3.4% in the second quarter. DNB Asset Management AS now owns 80,210 shares of the company’s stock valued at $5,198,000 after buying an additional 2,600 shares during the last quarter. British Columbia Investment Management Corp increased its position in DuPont by 1.1% in the second quarter. British Columbia Investment Management Corp now owns 397,017 shares of the company’s stock valued at $25,727,000 after buying an additional 4,357 shares during the last quarter. Patten & Patten Inc. TN increased its position in DuPont by 0.8% in the second quarter. Patten & Patten Inc. TN now owns 24,549 shares of the company’s stock valued at $1,591,000 after buying an additional 197 shares during the last quarter. Baxter Bros Inc. acquired a new position in DuPont during the second quarter valued at $644,000. Finally, Osborn Rohs Williams & Donohoe Ltd increased its position in DuPont by 3.0% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 26,267 shares of the company’s stock valued at $1,702,000 after buying an additional 776 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.
Shares of DuPont Co. (NYSE:DD) opened at 71.20 on Wednesday. DuPont Co. has a 12-month low of $50.71 and a 12-month high of $75.72. The company has a market capitalization of $61.90 billion, a price-to-earnings ratio of 31.50 and a beta of 1.71. The company’s 50-day moving average is $69.37 and its 200-day moving average is $67.94.
DuPont (NYSE:DD) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. DuPont had a net margin of 8.08% and a return on equity of 27.16%. The business earned $4.90 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the firm posted $0.13 EPS. The company’s revenue was up .9% on a year-over-year basis. Analysts predict that DuPont Co. will post $3.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Tuesday, November 15th will be issued a dividend of $0.38 per share. 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 (DPR) is currently 67.26%.
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Several equities analysts have recently weighed in on DD shares. Deutsche Bank AG lifted their target price on shares of DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a research note on Friday, August 12th. Zacks Investment Research downgraded shares of DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Citigroup Inc. upgraded shares of DuPont from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $72.00 to $76.00 in a research note on Monday, October 3rd. Finally, Nomura started coverage on shares of DuPont in a research note on Tuesday, October 18th. They issued a “buy” rating and a $78.00 target price for the company. Three equities 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 currently has a consensus rating of “Hold” and a consensus target price 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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