DuPont Co. (DD) Sees Unusually-High Trading Volume
DuPont Co. (NYSE:DD) shares saw unusually-high trading volume on Friday . Approximately 3,371,603 shares changed hands during mid-day trading, an increase of 25% from the previous session’s volume of 2,688,893 shares.The stock last traded at $67.12 and had previously closed at $67.56.
DD has been the topic of several research reports. Vetr lowered DuPont from a “buy” rating to a “hold” rating and set a $69.68 target price on the stock. in a research report on Monday, June 6th. Zacks Investment Research lowered DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Barclays PLC increased their price objective on DuPont from $67.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, July 27th. Deutsche Bank AG increased their price objective on DuPont from $55.00 to $56.00 and gave the company a “sell” rating in a report on Friday, August 12th. Finally, JPMorgan Chase & Co. lowered DuPont from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $73.00 to $64.00 in a report on Tuesday, June 28th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $69.15.
The company has a market capitalization of $58.80 billion, a price-to-earnings ratio of 26.75 and a beta of 1.82. The company has a 50-day moving average of $69.24 and a 200-day moving average of $66.22.
DuPont (NYSE:DD) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.01 billion. DuPont had a return on equity of 24.59% and a net margin of 9.01%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share. Analysts forecast that DuPont Co. will post $3.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Thursday, August 11th. DuPont’s dividend payout ratio (DPR) is presently 60.32%.
In other news, SVP Benito Cachinero sold 58,958 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $70.36, for a total value of $4,148,284.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James C. Jr. Collins sold 50,316 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $70.30, for a total value of $3,537,214.80. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.
Several institutional investors have recently bought and sold shares of DD. Capital World Investors increased its position in DuPont by 8.3% in the second quarter. Capital World Investors now owns 97,323,259 shares of the company’s stock valued at $6,306,547,000 after buying an additional 7,484,437 shares during the last quarter. Vanguard Group Inc. increased its position in DuPont by 2.7% in the second quarter. Vanguard Group Inc. now owns 55,881,243 shares of the company’s stock valued at $3,621,105,000 after buying an additional 1,474,722 shares during the last quarter. State Street Corp increased its position in DuPont by 1.1% in the first quarter. State Street Corp now owns 39,212,995 shares of the company’s stock valued at $2,482,973,000 after buying an additional 423,988 shares during the last quarter. FMR LLC increased its position in DuPont by 18.8% in the second quarter. FMR LLC now owns 25,133,333 shares of the company’s stock valued at $1,628,640,000 after buying an additional 3,970,004 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in DuPont by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 22,885,023 shares of the company’s stock valued at $1,449,080,000 after buying an additional 66,784 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.
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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