DuPont Co. (DD) Position Raised by Principal Financial Group Inc.
Principal Financial Group Inc. raised its position in shares of DuPont Co. (NYSE:DD) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,233,091 shares of the company’s stock after buying an additional 47,661 shares during the period. Principal Financial Group Inc. owned approximately 0.14% of DuPont worth $79,904,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Advisory Inc. increased its position in shares of DuPont by 0.5% in the second quarter. Brown Advisory Inc. now owns 1,462,974 shares of the company’s stock worth $94,801,000 after buying an additional 7,365 shares during the period. Prudential Financial Inc. increased its position in shares of DuPont by 10.9% in the second quarter. Prudential Financial Inc. now owns 1,227,034 shares of the company’s stock worth $79,512,000 after buying an additional 120,745 shares during the period. Private Advisor Group LLC increased its position in shares of DuPont by 6.0% in the second quarter. Private Advisor Group LLC now owns 67,962 shares of the company’s stock worth $4,205,000 after buying an additional 3,854 shares during the period. Legacy Capital Partners Inc. increased its position in shares of DuPont by 1.1% in the second quarter. Legacy Capital Partners Inc. now owns 24,650 shares of the company’s stock worth $1,598,000 after buying an additional 275 shares during the period. Finally, Teacher Retirement System of Texas increased its position in shares of DuPont by 30.7% in the second quarter. Teacher Retirement System of Texas now owns 62,392 shares of the company’s stock worth $4,043,000 after buying an additional 14,666 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.
DuPont Co. (NYSE:DD) traded up 0.15% during midday trading on Wednesday, hitting $66.80. The company had a trading volume of 328,429 shares. The company has a market capitalization of $58.40 billion, a P/E ratio of 26.57 and a beta of 1.82. DuPont Co. has a 52 week low of $47.11 and a 52 week high of $75.72. The stock has a 50 day moving average price of $68.95 and a 200 day moving average price of $66.40.
DuPont (NYSE:DD) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. The business earned $7.10 billion during the quarter, compared to analyst estimates of $7.01 billion. DuPont had a return on equity of 24.59% and a net margin of 9.01%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. Equities analysts forecast that DuPont Co. will post $3.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 15th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.28%. DuPont’s payout ratio is currently 60.32%.
A number of brokerages have issued reports on DD. Deutsche Bank AG upped their price objective on DuPont from $55.00 to $56.00 and gave the company a “sell” rating in a research note on Friday, August 12th. Barclays PLC restated a “neutral” rating on shares of DuPont in a research note on Thursday, July 28th. TheStreet downgraded DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Vetr upgraded DuPont from a “strong sell” rating to a “sell” rating and set a $64.60 target price for the company in a research note on Tuesday, July 26th. Finally, Macquarie set a $71.00 target price on DuPont and gave the stock a “neutral” rating in a research note on Thursday, July 21st. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $69.15.
In related news, insider James C. Jr. Collins sold 50,316 shares of DuPont stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $70.30, for a total value of $3,537,214.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Benito Cachinero sold 58,958 shares of DuPont stock in a transaction dated Wednesday, August 24th. The shares were 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. Company insiders own 0.31% of the company’s stock.
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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