TSP Capital Management Group LLC reduced its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 21.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,866 shares of the basic materials company’s stock after selling 24,250 shares during the period. E.I. du Pont de Nemours and comprises about 3.3% of TSP Capital Management Group LLC’s portfolio, making the stock its 7th largest position. TSP Capital Management Group LLC’s holdings in E.I. du Pont de Nemours and were worth $6,978,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in 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 last quarter. Swiss National Bank increased its stake in 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 last quarter. Wells Fargo & Company MN increased its stake in 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 last quarter. BNP Paribas Arbitrage SA increased its stake in 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 last quarter. Finally, Canada Pension Plan Investment Board increased its stake in E.I. du Pont de Nemours and by 20.8% in the first quarter. Canada Pension Plan Investment Board now owns 2,145,049 shares of the basic materials company’s stock valued at $172,312,000 after buying an additional 369,000 shares during the last quarter. 71.10% of the stock is owned by institutional investors.
Shares of E.I. du Pont de Nemours and Company (NYSE:DD) opened at 82.01 on Friday. The firm has a market cap of $71.17 billion, a price-to-earnings ratio of 32.04 and a beta of 1.76. The stock’s 50 day moving average is $82.93 and its 200-day moving average is $79.88. E.I. du Pont de Nemours and Company has a 12-month low of $66.02 and a 12-month high of $86.36.
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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $7.28 billion. During the same period last year, the business earned $1.24 EPS. E.I. du Pont de Nemours and’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current fiscal year.
The company 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 $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio is currently 59.38%.
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A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of E.I. du Pont de Nemours and from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research downgraded shares of E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. E.I. du Pont de Nemours and presently has an average rating of “Hold” and a consensus target price of $81.15.
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.
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