Envestnet Asset Management Inc. reduced its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,664 shares of the basic materials company’s stock after selling 597 shares during the period. Envestnet Asset Management Inc.’s holdings in E.I. du Pont de Nemours and were worth $6,962,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DD. Mason Street Advisors LLC boosted its position in shares of E.I. du Pont de Nemours and by 0.5% in the first quarter. Mason Street Advisors LLC now owns 119,477 shares of the basic materials company’s stock worth $9,598,000 after buying an additional 555 shares in the last quarter. Wimmer Associates 1 LLC boosted its position in shares of E.I. du Pont de Nemours and by 1.6% in the first quarter. Wimmer Associates 1 LLC now owns 6,128 shares of the basic materials company’s stock worth $492,000 after buying an additional 96 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp boosted its position in shares of E.I. du Pont de Nemours and by 1.7% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 6,506 shares of the basic materials company’s stock worth $523,000 after buying an additional 108 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of E.I. du Pont de Nemours and by 6.2% in the first quarter. Independent Advisor Alliance now owns 6,168 shares of the basic materials company’s stock worth $496,000 after buying an additional 358 shares in the last quarter. Finally, RidgeWorth Capital Management LLC boosted its position in shares of E.I. du Pont de Nemours and by 3,209.7% in the first quarter. RidgeWorth Capital Management LLC now owns 55,041 shares of the basic materials company’s stock worth $4,422,000 after buying an additional 53,378 shares in the last quarter. Hedge funds and other institutional investors own 71.23% of the company’s stock.
Shares of E.I. du Pont de Nemours and Company (DD) opened at 81.33 on Thursday. E.I. du Pont de Nemours and Company has a 12-month low of $66.02 and a 12-month high of $86.36. The firm’s 50-day moving average price is $82.93 and its 200 day moving average price is $79.88. The stock has a market capitalization of $70.58 billion, a P/E ratio of 31.77 and a beta of 1.76.
E.I. du Pont de Nemours and (NYSE:DD) last announced its quarterly 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. The company had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $7.28 billion. E.I. du Pont de Nemours and had a net margin of 8.86% and a return on equity of 31.23%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. Analysts predict that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 dividend yield of 1.87%. E.I. du Pont de Nemours and’s dividend payout ratio (DPR) is presently 59.38%.
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A number of research firms recently commented on DD. BidaskClub lowered E.I. du Pont de Nemours and from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. 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 note on Wednesday, April 26th. 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 note on Saturday, April 29th. Finally, Zacks Investment Research raised E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average 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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