Bonness Enterprises Inc. Holds Holdings in E I Du Pont De Nemours And Co (DD)

Bonness Enterprises Inc. held its position in shares of E I Du Pont De Nemours And Co (NYSE:DD) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,200 shares of the basic materials company’s stock at the close of the second quarter. E I Du Pont De Nemours And makes up 3.7% of Bonness Enterprises Inc.’s investment portfolio, making the stock its 4th largest holding. Bonness Enterprises Inc.’s holdings in E I Du Pont De Nemours And were worth $4,859,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in E I Du Pont De Nemours And by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock valued at $4,866,447,000 after purchasing an additional 1,685,604 shares during the period. BlackRock Inc. boosted its holdings in E I Du Pont De Nemours And by 2,719.5% in the 1st quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock valued at $4,392,942,000 after purchasing an additional 52,746,611 shares during the period. FMR LLC boosted its holdings in E I Du Pont De Nemours And by 5.9% in the 1st quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock valued at $2,600,423,000 after purchasing an additional 1,813,187 shares during the period. JPMorgan Chase & Co. boosted its holdings in E I Du Pont De Nemours And by 36.6% in the 1st quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock valued at $1,448,235,000 after purchasing an additional 4,825,726 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in E I Du Pont De Nemours And by 15.9% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,343,994 shares of the basic materials company’s stock valued at $750,603,000 after purchasing an additional 1,281,358 shares during the period. 71.21% of the stock is owned by institutional investors.

DD has been the subject of several analyst reports. Zacks Investment Research downgraded shares of E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Morgan Stanley reissued a “buy” rating and issued a $77.00 price target on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 price target on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. Finally, BidaskClub downgraded shares of E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Six 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 a consensus price target of $80.89.

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In other news, SVP Benito Cachinero sold 10,621 shares of the 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 filing with the SEC, which is available at this link. Corporate insiders own 0.31% of the company’s stock.

E I Du Pont De Nemours And Co (NYSE:DD) remained flat at $83.93 during trading on Tuesday. 34,861,021 shares of the stock traded hands. The stock has a 50-day moving average of $82.87 and a 200 day moving average of $80.79. The stock has a market capitalization of $72.83 billion, a P/E ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And Co has a 12 month low of $66.02 and a 12 month high of $86.36.

E I Du Pont De Nemours And (NYSE:DD) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts predict that E I Du Pont De Nemours And Co will post $3.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, July 27th. E I Du Pont De Nemours And’s dividend payout ratio is currently 59.38%.

About E I Du Pont De Nemours And

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.

Institutional Ownership by Quarter for E I Du Pont De Nemours And (NYSE:DD)

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