IMS Capital Management lowered its position in E I Du Pont De Nemours And Co (NYSE:DD) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,789 shares of the basic materials company’s stock after selling 110 shares during the quarter. IMS Capital Management’s holdings in E I Du Pont De Nemours And were worth $225,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in DD. Acrospire Investment Management LLC purchased a new stake in shares of E I Du Pont De Nemours And in the first quarter valued at about $104,000. Reilly Financial Advisors LLC grew its holdings in shares of E I Du Pont De Nemours And by 61.1% in the second quarter. Reilly Financial Advisors LLC now owns 1,319 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 500 shares during the period. Invictus RG purchased a new stake in shares of E I Du Pont De Nemours And in the first quarter valued at about $116,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of 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. Finally, Rockefeller Financial Services Inc. grew its holdings in shares of E I Du Pont De Nemours And by 24.5% in the second quarter. Rockefeller Financial Services Inc. now owns 1,685 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 332 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.
In other E I Du Pont De Nemours And news, SVP Benito Cachinero sold 10,621 shares of E I Du Pont De Nemours And 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by insiders.
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E I Du Pont De Nemours And Co (NYSE DD) opened at 83.93 on Wednesday. The stock has a market cap of $72.83 billion, a price-to-earnings ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And Co has a 52 week low of $66.02 and a 52 week high of $86.36. The firm’s 50-day moving average is $82.87 and its 200 day moving average is $80.79.
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 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. The company had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.28 billion. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. On average, equities research analysts expect that E I Du Pont De Nemours And Co will post $3.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, July 31st were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.81%. The ex-dividend date was Thursday, July 27th. E I Du Pont De Nemours And’s dividend payout ratio (DPR) is 59.38%.
DD has been the subject of a number of analyst reports. Zacks Investment Research raised shares of E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday, August 22nd. Morgan Stanley reissued a “buy” rating and issued a $77.00 price objective on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. 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 report on Tuesday, August 29th. Finally, BidaskClub raised shares of E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. E I Du Pont De Nemours And currently has a consensus rating of “Buy” and an average target price of $81.47.
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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