Gardner Russo & Gardner LLC Has $3.03 Million Stake in E.I. du Pont de Nemours and Company (NYSE:DD)

Gardner Russo & Gardner LLC increased its position in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,654 shares of the basic materials company’s stock after buying an additional 151 shares during the period. Gardner Russo & Gardner LLC’s holdings in E.I. du Pont de Nemours and were worth $3,025,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in DD. Private Advisor Group LLC boosted its stake in E.I. du Pont de Nemours and by 3.6% in the first quarter. Private Advisor Group LLC now owns 76,601 shares of the basic materials company’s stock worth $6,164,000 after buying an additional 2,667 shares during the period. Russell Investments Group Ltd. boosted its stake in E.I. du Pont de Nemours and by 1.3% in the first quarter. Russell Investments Group Ltd. now owns 1,509,239 shares of the basic materials company’s stock worth $121,220,000 after buying an additional 18,971 shares during the period. Beese Fulmer Investment Management Inc. boosted its stake in E.I. du Pont de Nemours and by 4.4% in the first quarter. Beese Fulmer Investment Management Inc. now owns 35,413 shares of the basic materials company’s stock worth $2,845,000 after buying an additional 1,498 shares during the period. First Foundation Advisors acquired a new stake in E.I. du Pont de Nemours and during the first quarter worth approximately $785,000. Finally, Janney Montgomery Scott LLC boosted its stake in E.I. du Pont de Nemours and by 8.5% in the first quarter. Janney Montgomery Scott LLC now owns 270,865 shares of the basic materials company’s stock worth $21,759,000 after buying an additional 21,207 shares during the period. Institutional investors and hedge funds own 71.18% of the company’s stock.

E.I. du Pont de Nemours and Company (NYSE:DD) opened at 81.18 on Friday. The firm has a market capitalization of $70.45 billion, a PE ratio of 31.71 and a beta of 1.76. E.I. du Pont de Nemours and Company has a one year low of $66.02 and a one year high of $86.36. The stock’s 50 day moving average price is $82.75 and its 200 day moving average price is $80.37.

E.I. du Pont de Nemours and (NYSE:DD) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. The business 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 net margin of 8.86% and a return on equity of 31.23%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 earnings per share. Analysts expect that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current year.

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

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A number of research firms have recently commented on DD. BidaskClub cut E.I. du Pont de Nemours and from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research cut E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Deutsche Bank AG restated a “buy” rating and set a $95.00 target price (up from $90.00) on shares of E.I. du Pont de Nemours and in a research report on Saturday, April 29th. Finally, Royal Bank Of Canada reiterated 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 report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $81.15.

In other news, SVP Benito Cachinero sold 10,621 shares of the stock in a transaction that occurred on 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 SEC, which can be accessed through this link. 0.31% of the stock is owned by corporate 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.

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

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