British Columbia Investment Management Corp Lowers Position in DuPont Co. (DD)
British Columbia Investment Management Corp lowered its position in DuPont Co. (NYSE:DD) by 15.5% during the third quarter, Holdings Channel reports. The firm owned 335,361 shares of the company’s stock after selling 61,656 shares during the period. British Columbia Investment Management Corp’s holdings in DuPont were worth $22,459,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the company. Mizuho Trust & Banking Co. Ltd. raised its stake in DuPont by 0.3% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,613,298 shares of the company’s stock worth $104,542,000 after buying an additional 5,485 shares during the period. Smith Asset Management Group LP raised its stake in DuPont by 21.1% in the second quarter. Smith Asset Management Group LP now owns 208,375 shares of the company’s stock worth $13,503,000 after buying an additional 36,270 shares during the period. Hallmark Capital Management Inc. acquired a new stake in DuPont during the second quarter worth approximately $473,000. Private Advisor Group LLC raised its stake in 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. Finally, TNB Financial raised its stake in DuPont by 7.1% in the second quarter. TNB Financial now owns 5,635 shares of the company’s stock worth $365,000 after buying an additional 375 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.
DuPont Co. (NYSE:DD) traded down 0.13% during trading on Tuesday, reaching $70.80. The company’s stock had a trading volume of 433,042 shares. DuPont Co. has a 12 month low of $50.71 and a 12 month high of $75.72. The stock’s 50-day moving average is $69.37 and its 200 day moving average is $67.94. The company has a market cap of $61.55 billion, a P/E ratio of 31.33 and a beta of 1.71.
DuPont (NYSE:DD) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. DuPont had a net margin of 8.08% and a return on equity of 27.16%. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that DuPont Co. will post $3.26 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders 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 2.14%. The ex-dividend date of this dividend is Thursday, November 10th. DuPont’s payout ratio is 67.26%.
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Several research analysts have issued reports on DD shares. Zacks Investment Research downgraded DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Citigroup Inc. raised DuPont from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $72.00 to $76.00 in a report on Monday, October 3rd. 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. Finally, Deutsche Bank AG upped 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. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average 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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