Nomura Holdings Inc. increased its position in E.I. du Pont de Nemours and Company (NYSE:DD) by 184.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,320 shares of the basic materials company’s stock after buying an additional 88,440 shares during the period. Nomura Holdings Inc.’s holdings in E.I. du Pont de Nemours and were worth $10,478,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the company. Financial Architects Inc boosted its position in E.I. du Pont de Nemours and by 18.2% in the first quarter. Financial Architects Inc now owns 1,292 shares of the basic materials company’s stock worth $103,000 after buying an additional 199 shares in the last quarter. Acrospire Investment Management LLC bought a new position in E.I. du Pont de Nemours and during the first quarter worth $104,000. Invictus RG bought a new position in E.I. du Pont de Nemours and during the first quarter worth $116,000. Signature Estate & Investment Advisors LLC bought a new position in E.I. du Pont de Nemours and during the first quarter worth $125,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in E.I. du Pont de Nemours and by 6.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,680 shares of the basic materials company’s stock worth $135,000 after buying an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 71.23% of the company’s stock.
E.I. du Pont de Nemours and Company (NYSE:DD) traded up 0.20% during midday trading on Friday, hitting $80.97. The company had a trading volume of 1,947,088 shares. The company has a market cap of $70.27 billion, a P/E ratio of 31.63 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 is $82.68 and its 200-day moving average is $80.21.
E.I. du Pont de Nemours and (NYSE:DD) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share 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 analyst estimates of $7.28 billion. During the same quarter last year, the firm earned $1.24 EPS. E.I. du Pont de Nemours and’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts predict that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current year.
The company also recently disclosed 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. This represents a $1.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, July 27th. E.I. du Pont de Nemours and’s payout ratio is presently 59.38%.
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Several equities analysts have recently commented on DD shares. BidaskClub cut 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 reiterated a “sector perform” rating and set a $86.00 target price (up from $78.00) on shares of E.I. du Pont de Nemours and in a research note on Wednesday, April 26th. Deutsche Bank AG reiterated a “buy” rating and set a $95.00 target price (up 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 upgraded E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Tuesday, June 27th. One 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 company 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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