Private Trust Co. NA grew its position in E I Du Pont De Nemours And Co (NYSE:DD) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,860 shares of the basic materials company’s stock after acquiring an additional 2,265 shares during the quarter. Private Trust Co. NA’s holdings in E I Du Pont De Nemours And were worth $1,602,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Acrospire Investment Management LLC purchased a new stake in shares of E I Du Pont De Nemours And in the first quarter valued at $104,000. Invictus RG purchased a new stake in shares of E I Du Pont De Nemours And in the first quarter valued at $116,000. Signature Estate & Investment Advisors LLC purchased a new stake in shares of E I Du Pont De Nemours And in the first quarter valued at $125,000. Benjamin F. Edwards & Company Inc. raised its stake 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. Finally, Advantage Investment Management LLC raised its stake in shares of E I Du Pont De Nemours And by 2.0% in the first quarter. Advantage Investment Management LLC now owns 1,705 shares of the basic materials company’s stock valued at $137,000 after acquiring an additional 33 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.
E I Du Pont De Nemours And Co (NYSE DD) remained flat at $83.93 during mid-day trading on Tuesday. 34,861,021 shares of the stock traded hands. The company has a market cap of $72.83 billion, a PE 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. 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 announced 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. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The business had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the previous year, the company posted $1.24 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict 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. Stockholders of record on Monday, July 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, July 27th. E I Du Pont De Nemours And’s dividend payout ratio is presently 59.38%.
In other news, SVP Benito Cachinero sold 10,621 shares of the business’s stock in a transaction dated 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 can be accessed through this link. Insiders own 0.31% of the company’s stock.
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DD has been the topic of several recent 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 research note on Monday, July 24th. Morgan Stanley restated 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 restated 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 cut 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 currently has an average rating of “Buy” and an average target price of $80.89.
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.
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