Victory Capital Management Inc. reduced its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,728 shares of the basic materials company’s stock after selling 623 shares during the period. Victory Capital Management Inc.’s holdings in E.I. du Pont de Nemours and were worth $1,263,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC raised its position in shares of E.I. du Pont de Nemours and by 3.6% in the first quarter. Private Advisor Group LLC now owns 76,601 shares of the basic materials company’s stock valued at $6,164,000 after buying an additional 2,667 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of E.I. du Pont de Nemours and by 1.3% in the first quarter. Russell Investments Group Ltd. now owns 1,509,239 shares of the basic materials company’s stock valued at $121,220,000 after buying an additional 18,971 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its position in shares of E.I. du Pont de Nemours and by 4.4% in the first quarter. Beese Fulmer Investment Management Inc. now owns 35,413 shares of the basic materials company’s stock valued at $2,845,000 after buying an additional 1,498 shares during the last quarter. First Foundation Advisors purchased a new position in shares of E.I. du Pont de Nemours and during the first quarter valued at $785,000. Finally, Janney Montgomery Scott LLC raised its position in shares of E.I. du Pont de Nemours and by 8.5% in the first quarter. Janney Montgomery Scott LLC now owns 270,865 shares of the basic materials company’s stock valued at $21,759,000 after buying an additional 21,207 shares during the last quarter. 71.10% of the stock is currently owned by institutional investors.
E.I. du Pont de Nemours and Company (NYSE DD) opened at 83.98 on Friday. The stock’s 50 day moving average price is $82.93 and its 200-day moving average price is $79.67. E.I. du Pont de Nemours and Company has a one year low of $66.02 and a one year high of $86.36. The firm has a market cap of $72.81 billion, a price-to-earnings ratio of 30.78 and a beta of 1.76.
E.I. du Pont de Nemours and (NYSE:DD) last released its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. E.I. du Pont de Nemours and had a return on equity of 31.23% and a net margin of 8.86%. 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 company posted $1.24 earnings per share. E.I. du Pont de Nemours and’s revenue was up 5.1% on a year-over-year basis. Analysts forecast that E.I. du Pont de Nemours and Company will post $3.90 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.52 annualized dividend and a yield of 1.81%. E.I. du Pont de Nemours and’s payout ratio is presently 59.38%.
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DD has been the topic of several research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $95.00 target price (up from $90.00) on shares of E.I. du Pont de Nemours and in a research report on Saturday, April 29th. Zacks Investment Research raised E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Wednesday, April 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $86.00 target price (up from $78.00) on shares of E.I. du Pont de Nemours and in a research report on Wednesday, April 26th. Finally, BidaskClub raised E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Six equities research analysts have rated the stock with a hold rating and seven 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 $81.15.
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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