Choate Investment Advisors held its stake in E.I. du Pont de Nemours and Company (NYSE:DD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,087 shares of the basic materials company’s stock at the end of the first quarter. Choate Investment Advisors’ holdings in E.I. du Pont de Nemours and were worth $409,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of DD. Financial Architects Inc raised its position in shares of 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 valued at $103,000 after buying an additional 199 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in shares of E.I. du Pont de Nemours and during the first quarter valued at about $104,000. Signature Estate & Investment Advisors LLC acquired a new position in shares of E.I. du Pont de Nemours and during the first quarter valued at about $125,000. Benjamin F. Edwards & Company Inc. raised its position in shares of 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 valued at $135,000 after buying an additional 107 shares during the last quarter. Finally, Advantage Investment Management LLC raised its position in shares of E.I. du Pont de Nemours and by 2.0% in the first quarter. Advantage Investment Management LLC now owns 1,705 shares of the basic materials company’s stock valued at $137,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 71.18% of the company’s stock.
E.I. du Pont de Nemours and Company (NYSE DD) traded up 0.53% during trading on Wednesday, hitting $82.01. The stock had a trading volume of 2,387,354 shares. The company has a market capitalization of $71.17 billion, a P/E ratio of 32.04 and a beta of 1.76. The stock’s 50-day moving average price is $82.70 and its 200-day moving average price is $80.32. E.I. du Pont de Nemours and Company has a 1-year low of $66.02 and a 1-year high of $86.36.
E.I. du Pont de Nemours and (NYSE:DD) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.09. E.I. du Pont de Nemours and had a net margin of 8.86% and a return on equity of 31.23%. The company had revenue of $7.42 billion during the quarter, compared to analysts’ expectations 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 for the quarter 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 business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.86%. E.I. du Pont de Nemours and’s payout ratio is 59.38%.
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DD has been the topic of several recent research reports. Zacks Investment Research raised E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Wednesday, April 19th. Royal Bank Of Canada reissued 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 report on Wednesday, April 26th. Deutsche Bank AG reaffirmed 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 report on Saturday, April 29th. Finally, BidaskClub raised E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. E.I. du Pont de Nemours and has an average rating of “Hold” 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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