Moloney Securities Asset Management LLC cut its position in E.I. du Pont de Nemours and Company (NYSE:DD) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,261 shares of the basic materials company’s stock after selling 449 shares during the period. Moloney Securities Asset Management LLC’s holdings in E.I. du Pont de Nemours and were worth $505,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Lee Danner & Bass Inc. boosted its stake in E.I. du Pont de Nemours and by 0.4% in the first quarter. Lee Danner & Bass Inc. now owns 4,570 shares of the basic materials company’s stock worth $367,000 after buying an additional 19 shares during the period. Vaughan David Investments Inc. IL boosted its stake in E.I. du Pont de Nemours and by 0.4% in the first quarter. Vaughan David Investments Inc. IL now owns 7,281 shares of the basic materials company’s stock worth $585,000 after buying an additional 26 shares during the period. Berkeley Capital Partners LLC boosted its stake in E.I. du Pont de Nemours and by 0.4% in the first quarter. Berkeley Capital Partners LLC now owns 6,420 shares of the basic materials company’s stock worth $516,000 after buying an additional 27 shares during the period. Advantage Investment Management LLC boosted its stake in 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 worth $137,000 after buying an additional 33 shares during the period. Finally, Westover Capital Advisors LLC boosted its stake in E.I. du Pont de Nemours and by 0.7% in the first quarter. Westover Capital Advisors LLC now owns 5,522 shares of the basic materials company’s stock worth $444,000 after buying an additional 36 shares during the period. 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 down 0.07% on Wednesday, reaching $82.95. 1,293,359 shares of the company traded hands. The stock has a 50-day moving average price of $82.78 and a 200-day moving average price of $80.48. 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 cap of $71.98 billion, a P/E ratio of 32.40 and a beta of 1.76.
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 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.09. The firm had revenue of $7.42 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $1.24 earnings per share. Analysts anticipate that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be paid a $0.38 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.52 annualized dividend and a dividend yield of 1.83%. E.I. du Pont de Nemours and’s payout ratio is 59.38%.
A number of equities research analysts have issued reports on the stock. BidaskClub cut shares of E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and set a $86.00 price target (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 restated a “buy” rating and set a $95.00 price target (up from $90.00) on shares of E.I. du Pont de Nemours and in a report on Saturday, April 29th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. E.I. du Pont de Nemours and presently has a consensus rating of “Buy” and a consensus target price of $81.25.
In other 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by company insiders.
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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