DnB Asset Management AS reduced its position in E I Du Pont De Nemours And Co (NYSE:DD) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,110 shares of the basic materials company’s stock after selling 1,400 shares during the quarter. DnB Asset Management AS’s holdings in E I Du Pont De Nemours And were worth $8,080,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Financial Architects Inc boosted its holdings in shares of E I Du Pont De Nemours And by 18.2% in the first quarter. Financial Architects Inc now owns 1,292 shares of the basic materials company’s stock valued at $103,000 after acquiring an additional 199 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of E I Du Pont De Nemours And in the first quarter valued at approximately $104,000. Invictus RG acquired a new stake in shares of E I Du Pont De Nemours And in the first quarter valued at approximately $116,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of E I Du Pont De Nemours And in the first quarter valued at approximately $125,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of E I Du Pont De Nemours And by 6.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,680 shares of the basic materials company’s stock valued at $135,000 after acquiring an additional 107 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Benito Cachinero sold 10,621 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $81.67, for a total transaction of $867,417.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by corporate insiders.
DD has been the subject of several research analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 price objective on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. Zacks Investment Research raised E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday, August 22nd. BidaskClub raised E I Du Pont De Nemours And from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Morgan Stanley reissued a “buy” rating and issued a $77.00 price objective on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $80.89.
Shares of E I Du Pont De Nemours And Co (NYSE:DD) remained flat at $83.93 during midday trading on Friday. The company’s stock had a trading volume of 34,861,021 shares. The firm has a market capitalization of $72.83 billion, a P/E ratio of 32.79 and a beta of 1.76. The company has a 50 day moving average price of $82.87 and a 200-day moving average price of $80.79. E I Du Pont De Nemours And Co has a 1-year low of $66.02 and a 1-year high of $86.36.
E I Du Pont De Nemours And (NYSE:DD) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.09. The firm had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $7.28 billion. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 EPS. Equities research analysts anticipate that E I Du Pont De Nemours And Co will post $3.85 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. E I Du Pont De Nemours And’s payout ratio is currently 59.38%.
E I Du Pont De Nemours And Profile
E. I. du Pont de Nemours and Company is a science and technology-based company. It operates through six segments: Agriculture, Electronics & Communications (E&C), Industrial Biosciences, Nutrition & Health, Performance Materials and Protection Solutions. Its Agriculture segment includes products, such as corn hybrids and soybean varieties, herbicides, fungicides and insecticides.
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