E I Du Pont De Nemours And Co (NYSE:DD) has been assigned a consensus rating of “Buy” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $79.88.

DD has been the topic of several 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 target on the stock in a report on Tuesday, August 22nd. Morgan Stanley reaffirmed a “buy” rating and set a $77.00 price target on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $96.00 price target 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.

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Shares of E I Du Pont De Nemours And (NYSE DD) remained flat at $83.93 during mid-day trading on Wednesday. 34,861,021 shares of the company traded hands. The company has a market cap of $72.83 billion, a P/E ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And 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 $82.87 and its 200 day moving average price is $80.79.

E I Du Pont De Nemours And (NYSE:DD) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, beating the 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 business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that E I Du Pont De Nemours And will post $3.85 EPS for the current year.

The business also recently announced 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. This represents a $1.52 dividend on an annualized basis 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 is currently 59.38%.

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 currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Capital World Investors lifted its position in shares of E I Du Pont De Nemours And by 1.2% during the second quarter. Capital World Investors now owns 87,973,821 shares of the basic materials company’s stock valued at $7,100,367,000 after buying an additional 1,073,143 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of E I Du Pont De Nemours And by 2.4% during the second quarter. Vanguard Group Inc. now owns 62,005,773 shares of the basic materials company’s stock valued at $5,004,485,000 after buying an additional 1,425,085 shares during the last quarter. BlackRock Inc. lifted its position in shares of E I Du Pont De Nemours And by 0.8% during the second quarter. BlackRock Inc. now owns 55,113,575 shares of the basic materials company’s stock valued at $4,448,217,000 after buying an additional 427,380 shares during the last quarter. FMR LLC lifted its position in shares of E I Du Pont De Nemours And by 5.1% during the second quarter. FMR LLC now owns 34,026,342 shares of the basic materials company’s stock valued at $2,746,266,000 after buying an additional 1,654,590 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of E I Du Pont De Nemours And by 36.6% during the first quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock valued at $1,448,235,000 after buying an additional 4,825,726 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for E I Du Pont De Nemours And (NYSE:DD)

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