E.I. du Pont de Nemours and Company (DD) Shares Bought by Benin Management CORP

Benin Management CORP increased its position in E.I. du Pont de Nemours and Company (NYSE:DD) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,801 shares of the basic materials company’s stock after buying an additional 100 shares during the period. Benin Management CORP’s holdings in E.I. du Pont de Nemours and were worth $307,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Financial Architects Inc increased its stake 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 during the last quarter. Acrospire Investment Management LLC bought a new stake in E.I. du Pont de Nemours and during the first quarter worth about $104,000. Reilly Financial Advisors LLC increased its stake in E.I. du Pont de Nemours and by 61.1% in the second quarter. Reilly Financial Advisors LLC now owns 1,319 shares of the basic materials company’s stock worth $106,000 after buying an additional 500 shares during the last quarter. Invictus RG bought a new stake in E.I. du Pont de Nemours and during the first quarter worth about $116,000. Finally, Signature Estate & Investment Advisors LLC bought a new stake in E.I. du Pont de Nemours and during the first quarter worth about $125,000. Institutional investors own 71.18% of the company’s stock.

Shares of E.I. du Pont de Nemours and Company (NYSE DD) traded up 0.40% on Friday, hitting $81.18. 1,952,437 shares of the stock traded hands. The firm’s 50 day moving average is $82.75 and its 200 day moving average is $80.37. E.I. du Pont de Nemours and Company has a 52 week low of $66.02 and a 52 week high of $86.36. The firm has a market capitalization of $70.45 billion, a PE ratio of 31.71 and a beta of 1.76.

E.I. du Pont de Nemours and (NYSE:DD) last posted its quarterly earnings results 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 net margin of 8.86% and a return on equity of 31.23%. The firm had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts expect that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio (DPR) is currently 59.38%.

A number of research firms have issued reports on DD. BidaskClub upgraded shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research downgraded shares of E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Deutsche Bank AG reiterated a “buy” rating and issued a $95.00 target price (up previously from $90.00) on shares of E.I. du Pont de Nemours and in a research report on Saturday, April 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $86.00 target price (up previously from $78.00) on shares of E.I. du Pont de Nemours and in a research report on Wednesday, April 26th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $81.15.

In other E.I. du Pont de Nemours and news, SVP Benito Cachinero sold 10,621 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $81.67, for a total transaction of $867,417.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.31% 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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