Shelton Capital Management Reduces Position in E I Du Pont De Nemours And Co (DD)

Shelton Capital Management trimmed its stake in E I Du Pont De Nemours And Co (NYSE:DD) by 9.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,353 shares of the basic materials company’s stock after selling 4,058 shares during the quarter. Shelton Capital Management’s holdings in E I Du Pont De Nemours And were worth $3,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Financial Architects Inc grew its position 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 purchasing an additional 199 shares during the period. Acrospire Investment Management LLC purchased a new stake in E I Du Pont De Nemours And during the first quarter valued at about $104,000. Invictus RG purchased a new stake in E I Du Pont De Nemours And during the first quarter valued at about $116,000. Signature Estate & Investment Advisors LLC purchased a new stake in E I Du Pont De Nemours And during the first quarter valued at about $125,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in E I Du Pont De Nemours And by 6.8% during 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.

Shares of E I Du Pont De Nemours And Co (NYSE:DD) remained flat at $83.93 during mid-day trading on Friday. 34,861,021 shares of the company were exchanged. 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 52-week low of $66.02 and a 52-week high of $86.36. The stock has a 50 day moving average of $82.87 and a 200 day moving average of $80.79.

E I Du Pont De Nemours And (NYSE:DD) last announced its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, beating the Zacks’ 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 analyst estimates of $7.28 billion. During the same quarter in the prior year, the business earned $1.24 EPS. E I Du Pont De Nemours And’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts anticipate that E I Du Pont De Nemours And Co will post $3.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be given 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 dividend yield of 1.81%. E I Du Pont De Nemours And’s payout ratio is presently 59.38%.

A number of research firms have issued reports on DD. BidaskClub downgraded E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Morgan Stanley reissued a “buy” rating and set a $77.00 price target on shares of E I Du Pont De Nemours And in a research report on Wednesday, September 6th. Finally, Jefferies Group LLC reaffirmed 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. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $80.89.

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In other E I Du Pont De Nemours And news, SVP Benito Cachinero sold 10,621 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $81.67, for a total transaction of $867,417.07. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

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.

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

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