Bourgeon Capital Management LLC continued to hold its position in shares of E I Du Pont De Nemours And Co (NYSE:DD) during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,361 shares of the basic materials company’s stock at the close of the second quarter. Bourgeon Capital Management LLC’s holdings in E I Du Pont De Nemours And were worth $594,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new stake in E I Du Pont De Nemours And during the 1st quarter worth approximately $104,000. Reilly Financial Advisors LLC increased its holdings in E I Du Pont De Nemours And by 61.1% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,319 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 500 shares during the period. Invictus RG bought a new stake in E I Du Pont De Nemours And during the 1st quarter worth approximately $116,000. Signature Estate & Investment Advisors LLC bought a new stake in E I Du Pont De Nemours And during the 1st quarter worth approximately $125,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in E I Du Pont De Nemours And by 6.8% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,680 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.
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In related news, SVP Benito Cachinero sold 10,621 shares of the company’s 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 through the SEC website. 0.31% of the stock is owned by corporate insiders.
E I Du Pont De Nemours And Co (DD) opened at 83.93 on Friday. The company has a market capitalization of $72.83 billion, a price-to-earnings ratio of 32.79 and a beta of 1.76. The company has a 50 day moving average of $82.87 and a 200 day moving average of $80.79. E I Du Pont De Nemours And Co has a 52 week low of $66.02 and a 52 week high of $86.36.
E I Du Pont De Nemours And (NYSE:DD) last released its quarterly earnings data 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. E I Du Pont De Nemours And had a net margin of 11.57% and a return on equity of 29.17%. The company had revenue of $7.42 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that E I Du Pont De Nemours And Co will post $3.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, July 31st were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, July 27th. E I Du Pont De Nemours And’s dividend payout ratio (DPR) is presently 59.38%.
A number of analysts recently weighed in on DD shares. BidaskClub raised shares of E I Du Pont De Nemours And from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $96.00 target price on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. 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 target price on the stock in a report on Tuesday, August 22nd. 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 report on Wednesday, September 6th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $81.34.
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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