E I Du Pont De Nemours And Co (DD) Shares Sold by Tokio Marine Asset Management Co. Ltd.
Tokio Marine Asset Management Co. Ltd. decreased its stake in shares of E I Du Pont De Nemours And Co (NYSE:DD) by 21.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,050 shares of the basic materials company’s stock after selling 7,084 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in E I Du Pont De Nemours And were worth $2,102,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in DD. BlackRock Inc. raised its stake in E I Du Pont De Nemours And by 2,719.5% in the 1st quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock worth $4,392,942,000 after purchasing an additional 52,746,611 shares in the last quarter. JPMorgan Chase & Co. raised its stake in E I Du Pont De Nemours And by 36.6% in the 1st quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock worth $1,448,235,000 after purchasing an additional 4,825,726 shares in the last quarter. FMR LLC raised its stake in E I Du Pont De Nemours And by 5.9% in the 1st quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock worth $2,600,423,000 after purchasing an additional 1,813,187 shares in the last quarter. Vanguard Group Inc. raised its stake in E I Du Pont De Nemours And by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock worth $4,866,447,000 after purchasing an additional 1,685,604 shares in the last quarter. Finally, Pentwater Capital Management LP acquired a new stake in E I Du Pont De Nemours And in the 1st quarter worth about $128,528,000. 71.21% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on the stock. BidaskClub upgraded shares of E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Zacks Investment Research upgraded 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 research note on Tuesday, August 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $96.00 price objective on shares of E I Du Pont De Nemours And in a research note on Tuesday, August 29th. Finally, Morgan Stanley reiterated a “buy” rating and issued a $77.00 price objective on shares of E I Du Pont De Nemours And in a research note on Wednesday, September 6th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $80.89.
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In other news, SVP Benito Cachinero sold 10,621 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.
E I Du Pont De Nemours And Co (DD) opened at 83.93 on Friday. The stock has a 50 day moving average of $82.87 and a 200 day moving average of $80.79. The firm has a market capitalization of $72.83 billion, a PE ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And Co has a 12 month low of $66.02 and a 12 month high of $86.36.
E I Du Pont De Nemours And (NYSE:DD) last announced 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. E I Du Pont De Nemours And had a net margin of 11.57% and a return on equity of 29.17%. The firm had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, 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 company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be issued a $0.38 dividend. 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 payout ratio is 59.38%.
E I Du Pont De Nemours And 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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