Abbrea Capital LLC boosted its position in E.I. du Pont de Nemours and Company (NYSE:DD) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,925 shares of the basic materials company’s stock after buying an additional 835 shares during the period. Abbrea Capital LLC’s holdings in E.I. du Pont de Nemours and were worth $2,002,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of DD. Wells Fargo & Company MN raised 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 worth $545,078,000 after buying an additional 519,013 shares during the last quarter. Norges Bank bought a new stake in E.I. du Pont de Nemours and during the fourth quarter worth approximately $302,896,000. Swiss National Bank raised 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 worth $257,666,000 after buying an additional 651,900 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in E.I. du Pont de Nemours and by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,567,113 shares of the basic materials company’s stock worth $206,216,000 after buying an additional 18,442 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in E.I. du Pont de Nemours and by 3.2% in the first quarter. TD Asset Management Inc. now owns 2,389,329 shares of the basic materials company’s stock worth $191,935,000 after buying an additional 73,079 shares during the last quarter. 71.10% of the stock is currently owned by institutional investors.
E.I. du Pont de Nemours and Company (DD) opened at 82.01 on Monday. The stock has a market capitalization of $71.17 billion, a PE ratio of 32.04 and a beta of 1.76. 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 company’s 50 day moving average price is $82.93 and its 200-day moving average price is $79.88.
E.I. du Pont de Nemours and (NYSE:DD) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $7.28 billion. During the same period in the previous year, the firm posted $1.24 EPS. E.I. du Pont de Nemours and’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current year.
The company also recently disclosed 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 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, July 27th. E.I. du Pont de Nemours and’s payout ratio is 59.38%.
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A number of research analysts have issued reports on DD shares. Zacks Investment Research upgraded 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 note on Wednesday, April 19th. Deutsche Bank AG restated a “buy” rating and issued a $95.00 price objective (up previously from $90.00) on shares of E.I. du Pont de Nemours and in a research note on Saturday, April 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a $86.00 price objective (up previously from $78.00) on shares of E.I. du Pont de Nemours and in a research note on Wednesday, April 26th. Finally, BidaskClub upgraded E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target 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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