E.I. du Pont de Nemours and Company (DD) Stake Increased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its stake in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,800 shares of the basic materials company’s stock after buying an additional 700 shares during the period. Louisiana State Employees Retirement System’s holdings in E.I. du Pont de Nemours and were worth $4,342,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of DD. Lee Danner & Bass Inc. boosted its position 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 increased its position 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 in the last quarter. Bath Savings Trust Co increased its position in E.I. du Pont de Nemours and by 0.4% in the first quarter. Bath Savings Trust Co now owns 6,704 shares of the basic materials company’s stock worth $539,000 after buying an additional 27 shares in the last quarter. Berkeley Capital Partners LLC increased its position 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 in the last quarter. Finally, Advantage Investment Management LLC increased its position 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 in the last quarter. Institutional investors own 71.23% of the company’s stock.

E.I. du Pont de Nemours and Company (NYSE:DD) traded up 0.20% on Friday, reaching $80.97. 1,947,088 shares of the company’s stock were exchanged. 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 company has a market cap of $70.27 billion, a PE ratio of 31.63 and a beta of 1.76. The firm’s 50 day moving average price is $82.68 and its 200 day moving average price is $80.21.

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. The company had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.28 billion. E.I. du Pont de Nemours and had a return on equity of 31.23% and a net margin of 8.86%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. On average, analysts expect that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.52 annualized dividend and a dividend yield of 1.88%. E.I. du Pont de Nemours and’s dividend payout ratio is presently 59.38%.

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Several research analysts have recently commented on DD shares. BidaskClub raised shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research raised shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Tuesday, June 27th. Deutsche Bank AG reissued 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 research note on Saturday, April 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $86.00 price objective (up from $78.00) on shares of E.I. du Pont de Nemours and in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $81.15.

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.

Institutional Ownership by Quarter for E.I. du Pont de Nemours and (NYSE:DD)

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