State of Alaska Department of Revenue Purchases New Stake in E I Du Pont De Nemours And Co (DD)
State of Alaska Department of Revenue purchased a new position in shares of E I Du Pont De Nemours And Co (NYSE:DD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,670 shares of the basic materials company’s stock, valued at approximately $457,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC bought a new stake in E I Du Pont De Nemours And in the 1st quarter valued at $104,000. Invictus RG bought a new stake in E I Du Pont De Nemours And in the 1st quarter valued at $116,000. Signature Estate & Investment Advisors LLC bought a new stake in E I Du Pont De Nemours And in the 1st quarter valued at $125,000. Benjamin F. Edwards & Company Inc. lifted its position in E I Du Pont De Nemours And by 6.8% in the 1st 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 lifted its position in E I Du Pont De Nemours And by 2.0% in the 1st 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. 71.21% of the stock is currently owned by institutional investors.
DD has been the topic of several research reports. Zacks Investment Research cut shares of E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Morgan Stanley reaffirmed a “buy” rating and issued a $77.00 price objective on shares of E I Du Pont De Nemours And in a research report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $96.00 price objective on shares of E I Du Pont De Nemours And in a research report on Tuesday, August 29th. Finally, BidaskClub cut shares of E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $80.89.
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E I Du Pont De Nemours And (NYSE:DD) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, beating 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 period last year, the firm earned $1.24 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be paid 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 is Thursday, July 27th. E I Du Pont De Nemours And’s dividend payout ratio (DPR) is 59.38%.
In other E I Du Pont De Nemours And news, SVP Benito Cachinero sold 10,621 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.31% of the stock is currently owned by company insiders.
E I Du Pont De Nemours And Company 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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