FineMark National Bank & Trust reduced its stake in shares of E I Du Pont De Nemours And Co (NYSE:DD) by 4.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,023 shares of the basic materials company’s stock after selling 1,395 shares during the period. FineMark National Bank & Trust’s holdings in E I Du Pont De Nemours And were worth $2,665,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Financial Architects Inc raised its position in shares of E I Du Pont De Nemours And by 18.2% during the 1st 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 in the last quarter. Acrospire Investment Management LLC bought a new position in shares of E I Du Pont De Nemours And during the 1st quarter valued at $104,000. Reilly Financial Advisors LLC grew its holdings in shares of 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 valued at $106,000 after purchasing an additional 500 shares during the last quarter. Invictus RG bought a new stake in E I Du Pont De Nemours And in the 1st quarter worth $116,000. Finally, Signature Estate & Investment Advisors LLC bought a new stake in E I Du Pont De Nemours And in the 1st quarter worth $125,000. 71.21% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on DD shares. Zacks Investment Research lowered shares of E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Morgan Stanley reissued a “buy” rating and set a $77.00 price target on shares of E I Du Pont De Nemours And in a research report on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating and set a $96.00 price target on shares of E I Du Pont De Nemours And in a research report on Tuesday, August 29th. Finally, BidaskClub cut shares of E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $80.89.
In other news, SVP Benito Cachinero sold 10,621 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $81.67, for a total transaction of $867,417.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is owned by company insiders.
Shares of E I Du Pont De Nemours And Co (NYSE:DD) remained flat at $83.93 during mid-day trading on Friday. 34,861,021 shares of the company were exchanged. E I Du Pont De Nemours And Co has a one year low of $66.02 and a one year high of $86.36. The firm 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 price-to-earnings ratio of 32.79 and a beta of 1.76.
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 analysts’ consensus estimates of $1.29 by $0.09. The company had revenue of $7.42 billion during the quarter, compared to analyst estimates of $7.28 billion. E I Du Pont De Nemours And had a net margin of 11.57% and a return on equity of 29.17%. E I Du Pont De Nemours And’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS. On average, analysts predict that E I Du Pont De Nemours And Co will post $3.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. E I Du Pont De Nemours And’s payout ratio is 59.38%.
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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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