E I Du Pont De Nemours And Co (DD) is Marshwinds Advisory Co.’s 8th Largest Position
Marshwinds Advisory Co. cut its holdings in E I Du Pont De Nemours And Co (NYSE:DD) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,970 shares of the basic materials company’s stock after selling 1,324 shares during the period. E I Du Pont De Nemours And accounts for about 2.2% of Marshwinds Advisory Co.’s portfolio, making the stock its 8th largest holding. Marshwinds Advisory Co.’s holdings in E I Du Pont De Nemours And were worth $4,679,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new position in E I Du Pont De Nemours And during the first quarter worth $104,000. Invictus RG acquired a new stake in shares of E I Du Pont De Nemours And in the first quarter valued at $116,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of E I Du Pont De Nemours And in the first quarter valued at $125,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of E I Du Pont De Nemours And by 6.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,680 shares of the basic materials company’s stock valued at $135,000 after acquiring an additional 107 shares in the last quarter. Finally, Advantage Investment Management LLC raised its stake in shares of E I Du Pont De Nemours And by 2.0% in the first quarter. Advantage Investment Management LLC now owns 1,705 shares of the basic materials company’s stock valued at $137,000 after acquiring an additional 33 shares in the last quarter. 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 trading on Thursday. 34,861,021 shares of the company’s stock were exchanged. 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 company has a market cap of $72.83 billion, a P/E ratio of 32.79 and a beta of 1.76. The firm has a 50-day moving average of $82.87 and a 200 day moving average of $80.79.
E I Du Pont De Nemours And (NYSE:DD) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 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 analyst estimates of $7.28 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that E I Du Pont De Nemours And Co will post $3.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. E I Du Pont De Nemours And’s dividend payout ratio is currently 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 on 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 document filed with the SEC, which is available at this link. Insiders own 0.31% of the company’s stock.
DD has been the topic of several analyst reports. 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. Zacks Investment Research upgraded E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Tuesday, August 22nd. BidaskClub upgraded E I Du Pont De Nemours And from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $80.89.
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.
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