BidaskClub downgraded shares of E.I. du Pont de Nemours and Company (NYSE:DD) from a hold rating to a sell rating in a report published on Friday, August 4th.
Several other research analysts have also weighed in on DD. Zacks Investment Research upgraded shares of 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 reiterated a sector perform rating and set a $86.00 price objective (up from $78.00) on shares of E.I. du Pont de Nemours and in a report on Wednesday, April 26th. Finally, Deutsche Bank AG reiterated a buy rating and set a $95.00 price objective (up from $90.00) on shares of E.I. du Pont de Nemours and in a report on Saturday, April 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $81.15.
E.I. du Pont de Nemours and (DD) traded up 0.40% during midday trading on Friday, hitting $81.18. 1,952,437 shares of the stock were exchanged. The stock has a market cap of $70.45 billion, a price-to-earnings ratio of 31.71 and a beta of 1.76. The firm has a 50 day moving average of $82.75 and a 200-day moving average of $80.37. E.I. du Pont de Nemours and 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 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. The business had revenue of $7.42 billion for the quarter, compared to analyst estimates 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 was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 EPS. On average, equities analysts expect that E.I. du Pont de Nemours and will post $3.91 earnings per share for the current year.
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The firm also recently declared 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. The ex-dividend date is Thursday, July 27th. This represents a $1.52 annualized dividend and a yield of 1.87%. E.I. du Pont de Nemours and’s payout ratio is 59.38%.
In related news, SVP Benito Cachinero sold 10,621 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $81.67, for a total value of $867,417.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.31% of the company’s stock.
Several hedge funds have recently bought and sold shares of DD. BlackRock Inc. raised its stake in E.I. du Pont de Nemours and by 2,719.5% in the first quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock worth $4,392,942,000 after buying an additional 52,746,611 shares in the last quarter. JPMorgan Chase & Co. raised its stake in E.I. du Pont de Nemours and by 36.6% in the first quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock worth $1,448,235,000 after buying an additional 4,825,726 shares in the last quarter. FMR LLC raised its stake in E.I. du Pont de Nemours and by 5.9% in the first quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock worth $2,600,423,000 after buying an additional 1,813,187 shares in the last quarter. Vanguard Group Inc. raised its stake in E.I. du Pont de Nemours and by 2.9% in the first quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock worth $4,866,447,000 after buying an additional 1,685,604 shares in the last quarter. Finally, Pentwater Capital Management LP purchased a new stake in E.I. du Pont de Nemours and during the first quarter worth about $128,528,000. Institutional investors own 71.18% of the company’s stock.
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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