Legal & General Group Plc raised its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,112,232 shares of the basic materials company’s stock after buying an additional 122,024 shares during the period. Legal & General Group Plc owned about 0.47% of E.I. du Pont de Nemours and worth $330,342,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of DD. Patten & Patten Inc. TN boosted its position in E.I. du Pont de Nemours and by 11.4% in the first quarter. Patten & Patten Inc. TN now owns 26,623 shares of the basic materials company’s stock worth $2,139,000 after buying an additional 2,717 shares during the last quarter. Boston Advisors LLC boosted its position in E.I. du Pont de Nemours and by 7.9% in the first quarter. Boston Advisors LLC now owns 6,689 shares of the basic materials company’s stock worth $537,000 after buying an additional 489 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in E.I. du Pont de Nemours and during the first quarter worth about $710,000. Trust Department MB Financial Bank N A boosted its position in E.I. du Pont de Nemours and by 0.9% in the first quarter. Trust Department MB Financial Bank N A now owns 6,052 shares of the basic materials company’s stock worth $486,000 after buying an additional 52 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA boosted its position in E.I. du Pont de Nemours and by 1.1% in the first quarter. Lederer & Associates Investment Counsel CA now owns 20,655 shares of the basic materials company’s stock worth $1,659,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.
Shares of E.I. du Pont de Nemours and Company (NYSE:DD) traded up 0.33% during midday trading on Friday, reaching $82.66. The company had a trading volume of 1,441,643 shares. 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 $71.73 billion, a price-to-earnings ratio of 32.29 and a beta of 1.76. The stock has a 50-day moving average of $82.86 and a 200 day moving average of $80.60.
E.I. du Pont de Nemours and (NYSE:DD) last released its quarterly earnings data 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. The company 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%. E.I. du Pont de Nemours and’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. On average, analysts anticipate that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current year.
The company also recently declared 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 1.84%. E.I. du Pont de Nemours and’s dividend payout ratio (DPR) is 59.38%.
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A number of equities analysts have recently issued reports on the company. BidaskClub upgraded E.I. du Pont de Nemours and from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday. Finally, Deutsche Bank AG reiterated a “buy” rating and issued 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. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $81.25.
In other news, SVP Benito Cachinero sold 10,621 shares of the 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 legal filing with the Securities & Exchange Commission, which is accessible 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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