Honkamp Krueger Financial Services Inc. Increases Position in E I Du Pont De Nemours And Co (DD)
Honkamp Krueger Financial Services Inc. boosted its position in E I Du Pont De Nemours And Co (NYSE:DD) by 5.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,778 shares of the basic materials company’s stock after acquiring an additional 351 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in E I Du Pont De Nemours And were worth $547,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Financial Architects Inc raised its stake in E I Du Pont De Nemours And by 18.2% in the 1st quarter. Financial Architects Inc now owns 1,292 shares of the basic materials company’s stock valued at $103,000 after acquiring an additional 199 shares during the period. Acrospire Investment Management LLC bought a new stake in E I Du Pont De Nemours And in the 1st quarter valued at about $104,000. Reilly Financial Advisors LLC raised its stake in E I Du Pont De Nemours And by 61.1% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,319 shares of the basic materials company’s stock valued at $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 in the 1st quarter valued at about $116,000. Finally, Signature Estate & Investment Advisors LLC bought a new stake in E I Du Pont De Nemours And in the 1st quarter valued at about $125,000. Institutional investors and hedge funds own 71.21% of the company’s stock.
E I Du Pont De Nemours And Co (NYSE DD) opened at 83.93 on Thursday. The stock has a market cap of $72.83 billion, a price-to-earnings ratio of 32.79 and a beta of 1.76. The stock’s 50 day moving average price is $82.87 and its 200 day moving average price is $80.79. E I Du Pont De Nemours And Co has a one year low of $66.02 and a one year high of $86.36.
E I Du Pont De Nemours And (NYSE:DD) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.29 by $0.09. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The firm had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter last year, the company earned $1.24 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts predict that E I Du Pont De Nemours And Co will post $3.85 earnings per share for the current fiscal year.
The business 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 $0.38 dividend. This represents a $1.52 annualized dividend and a dividend 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 currently 59.38%.
In other news, SVP Benito Cachinero sold 10,621 shares of the firm’s 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 filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by company insiders.
DD has been the topic of a number of research reports. Zacks Investment Research upgraded E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Tuesday, June 27th. BidaskClub upgraded E I Du Pont De Nemours And from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Jefferies Group LLC reiterated 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, Morgan Stanley reiterated 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. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $80.89.
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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.
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