Jones Financial Companies Lllp reduced its stake in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 16.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,164 shares of the basic materials company’s stock after selling 9,112 shares during the period. Jones Financial Companies Lllp’s holdings in E.I. du Pont de Nemours and were worth $3,709,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Architects Inc raised its position 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 period. Acrospire Investment Management LLC bought a new stake in E.I. du Pont de Nemours and during the first quarter worth approximately $104,000. Signature Estate & Investment Advisors LLC bought a new stake in E.I. du Pont de Nemours and during the first quarter worth approximately $125,000. Benjamin F. Edwards & Company Inc. increased 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 worth $135,000 after buying an additional 107 shares during the period. Finally, Advantage Investment Management LLC increased 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 worth $137,000 after buying an additional 33 shares during 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) opened at 81.18 on Friday. E.I. du Pont de Nemours and Company has a 12-month low of $66.02 and a 12-month high of $86.36. The company has a market cap of $70.45 billion, a price-to-earnings ratio of 31.71 and a beta of 1.76. The stock has a 50 day moving average of $82.75 and a 200 day moving average of $80.37.
E.I. du Pont de Nemours and (NYSE:DD) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, topping 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 return on equity of 31.23% and a net margin of 8.86%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 earnings per share. On average, equities analysts expect 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 declared 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 1.87%. The ex-dividend date of this dividend is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio (DPR) is presently 59.38%.
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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Tuesday, June 27th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $86.00 target price (up from $78.00) on shares of E.I. du Pont de Nemours and in a research report on Wednesday, April 26th. Deutsche Bank AG restated 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, BidaskClub cut shares of E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. E.I. du Pont de Nemours and presently has an average rating of “Hold” and a consensus target price of $81.15.
In related news, SVP Benito Cachinero sold 10,621 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $81.67, for a total value of $867,417.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by insiders.
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.
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