Salem Investment Counselors Inc. cut its stake in E I Du Pont De Nemours And Co (NYSE:DD) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,314 shares of the basic materials company’s stock after selling 70 shares during the quarter. Salem Investment Counselors Inc.’s holdings in E I Du Pont De Nemours And were worth $421,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in DD. 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 purchasing an additional 199 shares during the period. Acrospire Investment Management LLC purchased a new position in E I Du Pont De Nemours And in the first quarter valued at about $104,000. Invictus RG purchased a new position in E I Du Pont De Nemours And in the first quarter valued at about $116,000. Signature Estate & Investment Advisors LLC purchased a new position in E I Du Pont De Nemours And in the first quarter valued at about $125,000. Finally, Benjamin F. Edwards & Company Inc. raised its position 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 purchasing an additional 107 shares during the period. 71.21% of the stock is currently owned by institutional investors.
In related news, SVP Benito Cachinero sold 10,621 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $81.67, for a total value of $867,417.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.
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Several research analysts have commented on DD shares. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 price objective on shares of E I Du Pont De Nemours And in a research report on Tuesday, August 29th. Zacks Investment Research raised E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Tuesday, August 22nd. BidaskClub raised E I Du Pont De Nemours And from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $77.00 target price on shares of E I Du Pont De Nemours And in a research report on Wednesday, September 6th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $80.89.
Shares of E I Du Pont De Nemours And Co (NYSE:DD) remained flat at $83.93 during trading on Tuesday. 34,861,021 shares of the company were exchanged. The company has a 50-day moving average price of $82.87 and a 200-day moving average price of $80.79. The stock has a market cap of $72.83 billion, a PE ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And Co has a 1-year low of $66.02 and a 1-year high of $86.36.
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 net margin of 11.57% and a return on equity of 29.17%. The firm had revenue of $7.42 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same quarter 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. Equities analysts expect that E I Du Pont De Nemours And Co will post $3.86 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.81%. 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%.
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.
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