E I Du Pont De Nemours And Co (DD) Stake Raised by Arvest Bank Trust Division
Arvest Bank Trust Division lifted its holdings in E I Du Pont De Nemours And Co (NYSE:DD) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 174,244 shares of the basic materials company’s stock after buying an additional 2,586 shares during the quarter. Arvest Bank Trust Division’s holdings in E I Du Pont De Nemours And were worth $14,064,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its holdings in E I Du Pont De Nemours And by 2,719.5% during 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 during the period. JPMorgan Chase & Co. increased its holdings in E I Du Pont De Nemours And by 36.6% during 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 during the period. FMR LLC increased its holdings in E I Du Pont De Nemours And by 5.9% during 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 during the period. Vanguard Group Inc. increased its holdings in E I Du Pont De Nemours And by 2.9% during 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 during the period. Finally, Pentwater Capital Management LP purchased a new position in E I Du Pont De Nemours And during the 1st quarter worth $128,528,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.
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E I Du Pont De Nemours And Co (NYSE DD) remained flat at $83.93 during mid-day trading on Friday. The company’s stock had a trading volume of 34,861,021 shares. E I Du Pont De Nemours And Co has a 12-month low of $66.02 and a 12-month high of $86.36. The firm has a market capitalization of $72.83 billion, a PE ratio of 32.79 and a beta of 1.76. The stock’s 50-day moving average is $82.87 and its 200-day moving average is $80.79.
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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. The business had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.28 billion. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. Equities research analysts anticipate that E I Du Pont De Nemours And Co will post $3.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a 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 presently 59.38%.
In related news, SVP Benito Cachinero sold 10,621 shares of the stock in a transaction on 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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.
Several research firms have commented on DD. BidaskClub downgraded E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Morgan Stanley restated a “buy” rating and set a $77.00 price objective on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Finally, Jefferies Group LLC restated a “buy” rating and set a $96.00 price objective on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $80.89.
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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