Hartford Investment Management Co. lowered its position in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,823 shares of the basic materials company’s stock after selling 6,554 shares during the period. Hartford Investment Management Co.’s holdings in E.I. du Pont de Nemours and were worth $15,321,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. raised its position in shares of E.I. du Pont de Nemours and by 23.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 58,182 shares of the basic materials company’s stock worth $4,674,000 after buying an additional 10,881 shares in the last quarter. Murphy Pohlad Asset Management LLC bought a new position in shares of E.I. du Pont de Nemours and during the first quarter worth approximately $206,000. Wagner Bowman Management Corp raised its position in shares of E.I. du Pont de Nemours and by 1.3% in the first quarter. Wagner Bowman Management Corp now owns 4,045 shares of the basic materials company’s stock worth $324,000 after buying an additional 50 shares in the last quarter. Cape Cod Five Cents Savings Bank raised its position in shares of E.I. du Pont de Nemours and by 0.4% in the first quarter. Cape Cod Five Cents Savings Bank now owns 16,170 shares of the basic materials company’s stock worth $1,299,000 after buying an additional 66 shares in the last quarter. Finally, Windward Capital Management Co. CA raised its position in shares of E.I. du Pont de Nemours and by 11.7% in the first quarter. Windward Capital Management Co. CA now owns 9,196 shares of the basic materials company’s stock worth $739,000 after buying an additional 962 shares in the last quarter. 71.18% of the stock is owned by institutional investors and hedge funds.
Shares of E.I. du Pont de Nemours and Company (NYSE DD) traded up 0.33% during mid-day trading on Friday, reaching $82.66. 1,441,643 shares of the company’s stock traded hands. The stock has a market cap of $71.73 billion, a PE ratio of 32.29 and a beta of 1.76. The firm has a 50 day moving average price of $82.86 and a 200-day moving average price of $80.60. E.I. du Pont de Nemours and Company 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 earnings results 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. The business had revenue of $7.42 billion for 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 period last year, the firm posted $1.24 earnings per share. On average, analysts predict that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio is currently 59.38%.
TRADEMARK VIOLATION WARNING: This piece of content was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/27/e-i-du-pont-de-nemours-and-company-dd-shares-sold-by-hartford-investment-management-co.html.
A number of brokerages have recently commented on DD. BidaskClub lowered shares of E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research lowered 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. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price objective (up previously from $90.00) on shares of E.I. du Pont de Nemours and in a research report on Saturday, April 29th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. E.I. du Pont de Nemours and presently has a consensus rating of “Buy” and a consensus price target of $81.25.
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 sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.31% 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.
Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for E.I. du Pont de Nemours and Company (NYSE:DD).
Receive News & Ratings for E.I. du Pont de Nemours and Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E.I. du Pont de Nemours and Company and related companies with MarketBeat.com's FREE daily email newsletter.
