Cottage Street Advisors LLC Continues to Hold Holdings in E I Du Pont De Nemours And Co (DD)
Cottage Street Advisors LLC maintained its stake in E I Du Pont De Nemours And Co (NYSE:DD) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,500 shares of the basic materials company’s stock at the end of the 2nd quarter. Cottage Street Advisors LLC’s holdings in E I Du Pont De Nemours And were worth $1,413,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of DD. BlackRock Inc. raised its position in E I Du Pont De Nemours And by 2,719.5% during the first quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock valued at $4,392,942,000 after purchasing an additional 52,746,611 shares during the period. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 4,825,726 shares during the period. FMR LLC raised its position in E I Du Pont De Nemours And by 5.9% during the first quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock valued at $2,600,423,000 after purchasing an additional 1,813,187 shares during the period. Vanguard Group Inc. raised its position in E I Du Pont De Nemours And by 2.9% during the first quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock valued at $4,866,447,000 after purchasing an additional 1,685,604 shares during the period. Finally, Pentwater Capital Management LP purchased a new stake in E I Du Pont De Nemours And during the first quarter valued at approximately $128,528,000. Institutional investors and hedge funds own 71.21% of the company’s stock.
A number of equities research analysts have issued reports on DD shares. BidaskClub upgraded E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. 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 research report on Tuesday, August 29th. 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 report on Tuesday, June 27th. Finally, 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 research report on Wednesday, September 6th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $80.89.
E I Du Pont De Nemours And Co (NYSE DD) remained flat at $83.93 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 52-week low of $66.02 and a 52-week high of $86.36. The firm has a market cap of $72.83 billion, a price-to-earnings ratio of 32.79 and a beta of 1.76. The company’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 announced its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The company 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 firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share. On average, equities research analysts anticipate that E I Du Pont De Nemours And Co will post $3.85 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis 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 payout ratio is 59.38%.
In other E I Du Pont De Nemours And news, SVP Benito Cachinero sold 10,621 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $81.67, for a total value of $867,417.07. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by insiders.
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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