Pioneer Trust Bank N A OR maintained its stake in shares of E I Du Pont De Nemours And Co (NYSE:DD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,205 shares of the basic materials company’s stock at the close of the second quarter. Pioneer Trust Bank N A OR’s holdings in E I Du Pont De Nemours And were worth $259,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in DD. BlackRock Inc. grew its position in E I Du Pont De Nemours And by 2,719.5% in the first quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock worth $4,392,942,000 after acquiring an additional 52,746,611 shares in the last quarter. JPMorgan Chase & Co. grew its position in E I Du Pont De Nemours And by 36.6% in the first quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock worth $1,448,235,000 after acquiring an additional 4,825,726 shares in the last quarter. FMR LLC grew its position in E I Du Pont De Nemours And by 5.9% in the first quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock worth $2,600,423,000 after acquiring an additional 1,813,187 shares in the last quarter. Vanguard Group Inc. grew its position in E I Du Pont De Nemours And by 2.9% in the first quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock worth $4,866,447,000 after acquiring an additional 1,685,604 shares in the last quarter. Finally, Pentwater Capital Management LP purchased a new position in E I Du Pont De Nemours And in the first quarter worth $128,528,000. Institutional investors own 71.21% of the company’s stock.
Several research analysts recently issued reports on DD shares. Zacks Investment Research upgraded shares of E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Tuesday, August 22nd. Morgan Stanley reiterated a “buy” rating and issued a $77.00 target price on shares of E I Du Pont De Nemours And in a research report on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $96.00 target price on shares of E I Du Pont De Nemours And in a research report on Tuesday, August 29th. Finally, BidaskClub upgraded shares of E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. E I Du Pont De Nemours And currently has a consensus rating of “Buy” and a consensus target price of $80.89.
In other E I Du Pont De Nemours And news, SVP Benito Cachinero sold 10,621 shares of E I Du Pont De Nemours And stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $81.67, for a total value of $867,417.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.
E I Du Pont De Nemours And Co (DD) remained flat at $83.93 during mid-day trading on Friday. 34,861,021 shares of the stock were exchanged. E I Du Pont De Nemours And Co has a one year low of $66.02 and a one year high of $86.36. The company has a market cap of $72.83 billion, a price-to-earnings ratio of 32.79 and a beta of 1.76. The firm 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 (NYSE:DD) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. E I Du Pont De Nemours And had a net margin of 11.57% and a return on equity of 29.17%. The business had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.28 billion. During the same period last year, the company posted $1.24 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Analysts expect that E I Du Pont De Nemours And Co will post $3.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. E I Du Pont De Nemours And’s payout ratio is currently 59.38%.
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E I Du Pont De Nemours And Company 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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