Municipal Employees Retirement System of Michigan Maintains Stake in E.I. du Pont de Nemours and Company (NYSE:DD)

Municipal Employees Retirement System of Michigan continued to hold its stake in shares of E.I. du Pont de Nemours and Company (NYSE:DD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,990 shares of the basic materials company’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in E.I. du Pont de Nemours and were worth $2,248,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Financial Architects Inc boosted its stake in E.I. du Pont de Nemours and by 18.2% in the first quarter. Financial Architects Inc now owns 1,292 shares of the basic materials company’s stock valued at $103,000 after buying an additional 199 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in E.I. du Pont de Nemours and during the first quarter valued at $104,000. Signature Estate & Investment Advisors LLC acquired a new stake in E.I. du Pont de Nemours and during the first quarter valued at $125,000. Benjamin F. Edwards & Company Inc. boosted its stake in E.I. du Pont de Nemours and by 6.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,680 shares of the basic materials company’s stock valued at $135,000 after buying an additional 107 shares during the last quarter. Finally, 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 valued at $137,000 after buying an additional 33 shares during the last quarter. 71.18% of the stock is currently owned by institutional investors and hedge funds.

E.I. du Pont de Nemours and Company (NYSE:DD) opened at 81.18 on Friday. 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’s 50-day moving average price is $82.75 and its 200 day moving average price is $80.37. The company has a market capitalization of $70.45 billion, a price-to-earnings ratio of 31.71 and a beta of 1.76.

E.I. du Pont de Nemours and (NYSE:DD) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. E.I. du Pont de Nemours and had a return on equity of 31.23% and a net margin of 8.86%. The business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. E.I. du Pont de Nemours and’s dividend payout ratio (DPR) is presently 59.38%.

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Several analysts have weighed in on DD shares. Zacks Investment Research cut E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $95.00 price target (up previously from $90.00) on shares of E.I. du Pont de Nemours and in a report on Saturday, April 29th. BidaskClub cut E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $86.00 price target (up previously from $78.00) on shares of E.I. du Pont de Nemours and in a report on Wednesday, April 26th. One 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’s stock. The company has an average rating of “Hold” and an average price target of $81.15.

In other E.I. du Pont de Nemours and news, SVP Benito Cachinero sold 10,621 shares of the company’s stock in a transaction that occurred 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 can be accessed 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.

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

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