Baird Financial Group Inc. lowered its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 4.3% during the first quarter, Holdings Channel reports. The firm owned 105,738 shares of the basic materials company’s stock after selling 4,795 shares during the period. Baird Financial Group Inc.’s holdings in E.I. du Pont de Nemours and were worth $8,494,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of E.I. du Pont de Nemours and during the fourth quarter valued at approximately $302,896,000. Bank of Montreal Can increased its stake in shares of E.I. du Pont de Nemours and by 132.6% in the first quarter. Bank of Montreal Can now owns 1,487,784 shares of the basic materials company’s stock valued at $119,512,000 after buying an additional 848,209 shares during the period. Swiss National Bank increased its stake in shares of E.I. du Pont de Nemours and by 25.5% in the first quarter. Swiss National Bank now owns 3,207,591 shares of the basic materials company’s stock valued at $257,666,000 after buying an additional 651,900 shares during the period. Wells Fargo & Company MN increased its stake in shares of E.I. du Pont de Nemours and by 8.3% in the first quarter. Wells Fargo & Company MN now owns 6,785,476 shares of the basic materials company’s stock valued at $545,078,000 after buying an additional 519,013 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of E.I. du Pont de Nemours and by 524.8% in the first quarter. BNP Paribas Arbitrage SA now owns 463,868 shares of the basic materials company’s stock valued at $37,263,000 after buying an additional 389,626 shares during the period. 71.08% of the stock is owned by institutional investors.
Shares of E.I. du Pont de Nemours and Company (NYSE:DD) opened at 84.00 on Wednesday. E.I. du Pont de Nemours and Company has a 52-week low of $66.02 and a 52-week high of $85.00. The company has a 50-day moving average of $81.90 and a 200 day moving average of $79.15. The firm has a market cap of $72.83 billion, a P/E ratio of 30.79 and a beta of 1.76.
E.I. du Pont de Nemours and (NYSE:DD) last released its earnings results on Tuesday, April 25th. The basic materials company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.26. E.I. du Pont de Nemours and had a return on equity of 31.66% and a net margin of 9.63%. The firm had revenue of $7.74 billion for the quarter, compared to analysts’ expectations of $7.50 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that E.I. du Pont de Nemours and Company will post $3.84 earnings per share for the current year.
The business 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. The ex-dividend date 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 dividend payout ratio is currently 55.68%.
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DD has been the subject of several recent analyst reports. Zacks Investment Research raised shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Wednesday, April 19th. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price objective (up previously from $90.00) on shares of E.I. du Pont de Nemours and in a research report on Saturday, April 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $86.00 price objective (up previously from $78.00) on shares of E.I. du Pont de Nemours and in a research report on Wednesday, April 26th. Finally, BidaskClub raised shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. E.I. du Pont de Nemours and presently has an average rating of “Buy” and a consensus target price of $79.10.
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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