BidaskClub upgraded shares of E.I. du Pont de Nemours and Company (NYSE:DD) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.
DD has been the subject of a number of other reports. Zacks Investment Research lowered shares of E.I. du Pont de Nemours and from a buy rating to a hold rating in a research note on Monday, July 24th. Deutsche Bank AG reissued 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, Royal Bank Of Canada reissued 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. E.I. du Pont de Nemours and currently has a consensus rating of Buy and an average target price of $81.25.
Shares of E.I. du Pont de Nemours and (NYSE DD) opened at 83.01 on Friday. The firm has a market cap of $72.04 billion, a P/E ratio of 32.43 and a beta of 1.76. The stock’s 50 day moving average is $82.78 and its 200 day moving average is $80.48. E.I. du Pont de Nemours and has a 52 week low of $66.02 and a 52 week 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, beating analysts’ consensus estimates 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 business had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that E.I. du Pont de Nemours and will post $3.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, July 27th. E.I. du Pont de Nemours and’s payout ratio is 59.38%.
In other E.I. du Pont de Nemours and 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 transaction of $867,417.07. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.31% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Financial Architects Inc increased 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 worth $103,000 after buying an additional 199 shares during the last quarter. Acrospire Investment Management LLC bought a new position in E.I. du Pont de Nemours and during the first quarter worth approximately $104,000. Reilly Financial Advisors LLC boosted its position 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 period. Invictus RG acquired a new stake in shares of E.I. du Pont de Nemours and during the first quarter worth about $116,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of E.I. du Pont de Nemours and during the first quarter worth about $125,000. Institutional investors and hedge funds own 71.18% of the company’s stock.
E.I. du Pont de Nemours and Company Profile
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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