Fiduciary Trust Co. cut its position in E I Du Pont De Nemours And Co (NYSE:DD) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,642 shares of the basic materials company’s stock after selling 2,590 shares during the period. Fiduciary Trust Co.’s holdings in E I Du Pont De Nemours And were worth $5,675,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Architects Inc boosted its stake in E I Du Pont De Nemours And by 18.2% during the 1st 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 last quarter. Acrospire Investment Management LLC acquired a new position in E I Du Pont De Nemours And during the 1st quarter valued at about $104,000. Invictus RG acquired a new position in E I Du Pont De Nemours And during the 1st quarter valued at about $116,000. Signature Estate & Investment Advisors LLC acquired a new position in E I Du Pont De Nemours And during the 1st quarter valued at about $125,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in E I Du Pont De Nemours And by 6.8% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,680 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.
Several equities analysts have commented on the stock. BidaskClub raised shares of E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Tuesday, August 22nd. Jefferies Group LLC reissued a “buy” rating and set a $96.00 target price on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. Finally, Morgan Stanley reissued a “buy” rating and set a $77.00 target price on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $80.89.
E I Du Pont De Nemours And Co (DD) remained flat at $83.93 during trading on Friday. The stock had a trading volume of 34,861,021 shares. The company has a market capitalization 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 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 (NYSE:DD) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.29 by $0.09. The company had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.28 billion. E I Du Pont De Nemours And had a net margin of 11.57% and a return on equity of 29.17%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. On average, analysts expect that E I Du Pont De Nemours And Co will post $3.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.38 per share. 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 (DPR) is presently 59.38%.
In other news, SVP Benito Cachinero sold 10,621 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $81.67, for a total transaction of $867,417.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company’s stock.
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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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