Bank of New York Mellon Corp Has $688.88 Million Holdings in E I Du Pont De Nemours And Co (DD)

Bank of New York Mellon Corp lessened its holdings in shares of E I Du Pont De Nemours And Co (NYSE:DD) by 5.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,535,295 shares of the basic materials company’s stock after selling 508,831 shares during the quarter. Bank of New York Mellon Corp owned about 0.98% of E I Du Pont De Nemours And worth $688,883,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DD. Waldron LP lifted its holdings in shares of E I Du Pont De Nemours And by 93.4% in the first quarter. Waldron LP now owns 7,051 shares of the basic materials company’s stock valued at $534,000 after buying an additional 3,405 shares during the period. Empire Life Investments Inc. lifted its holdings in shares of E I Du Pont De Nemours And by 0.8% in the first quarter. Empire Life Investments Inc. now owns 250,045 shares of the basic materials company’s stock valued at $20,086,000 after buying an additional 1,930 shares during the period. WealthTrust Fairport LLC lifted its holdings in shares of E I Du Pont De Nemours And by 41.5% in the first quarter. WealthTrust Fairport LLC now owns 4,712 shares of the basic materials company’s stock valued at $379,000 after buying an additional 1,382 shares during the period. American Century Companies Inc. lifted its holdings in shares of E I Du Pont De Nemours And by 3.3% in the first quarter. American Century Companies Inc. now owns 311,719 shares of the basic materials company’s stock valued at $25,040,000 after buying an additional 10,003 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of E I Du Pont De Nemours And by 18.2% in the first quarter. Daiwa Securities Group Inc. now owns 29,360 shares of the basic materials company’s stock valued at $2,358,000 after buying an additional 4,520 shares during the period. Institutional investors own 71.21% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Bank of New York Mellon Corp Has $688.88 Million Holdings in E I Du Pont De Nemours And Co (DD)” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://stocknewstimes.com/2017/10/11/bank-of-new-york-mellon-corp-has-688-88-million-holdings-in-e-i-du-pont-de-nemours-and-co-dd.html.

Several brokerages have recently weighed in on DD. Morgan Stanley restated a “buy” rating and issued a $77.00 price objective on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Zacks Investment Research lowered E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Jefferies Group LLC restated a “buy” rating and issued a $96.00 price objective on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. Finally, BidaskClub upgraded E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $81.47.

In related news, SVP Benito Cachinero sold 10,621 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was 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 at this hyperlink. Company insiders own 0.31% of the company’s stock.

Shares of E I Du Pont De Nemours And Co (NYSE:DD) opened at 83.93 on Wednesday. E I Du Pont De Nemours And Co has a 12 month low of $66.02 and a 12 month high of $86.36. The firm has a market capitalization of $72.83 billion, a price-to-earnings ratio of 32.79 and a beta of 1.76. The stock’s 50 day moving average price is $82.87 and its 200-day moving average price is $80.79.

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 return on equity of 29.17% and a net margin of 11.57%. The business had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same period last year, the company earned $1.24 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that E I Du Pont De Nemours And Co will post $3.85 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, July 31st were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, July 27th. E I Du Pont De Nemours And’s payout ratio is presently 59.38%.

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.

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 Co (NYSE:DD).

Institutional Ownership by Quarter for E I Du Pont De Nemours And (NYSE:DD)

Receive News & Ratings for E I Du Pont De Nemours And Co 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 Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply