Suffolk Capital Management LLC Takes Position in E I Du Pont De Nemours And Co (DD)
Suffolk Capital Management LLC bought a new stake in shares of E I Du Pont De Nemours And Co (NYSE:DD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 79,804 shares of the basic materials company’s stock, valued at approximately $6,441,000.
Other large investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new stake in E I Du Pont De Nemours And in the 1st quarter worth approximately $104,000. Reilly Financial Advisors LLC increased its stake in E I Du Pont De Nemours And by 61.1% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,319 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 500 shares during the last quarter. Invictus RG bought a new stake in E I Du Pont De Nemours And in the 1st quarter worth approximately $116,000. Signature Estate & Investment Advisors LLC bought a new stake in E I Du Pont De Nemours And in the 1st quarter worth approximately $125,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake 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 worth $135,000 after acquiring an additional 107 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have issued reports on DD shares. BidaskClub raised E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. 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 note on Tuesday, August 29th. Zacks Investment Research raised 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 note on Tuesday, June 27th. Finally, 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 note on Wednesday, September 6th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. E I Du Pont De Nemours And currently has a consensus rating of “Buy” and a consensus price target of $80.89.
In related news, SVP Benito Cachinero sold 10,621 shares of the 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 Securities & Exchange Commission, which is available 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 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 Co has a 12-month low of $66.02 and a 12-month high of $86.36. The stock has a market cap of $72.83 billion, a PE ratio of 32.79 and a beta of 1.76.
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 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.09. The company had revenue of $7.42 billion during 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 revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. On average, equities analysts expect that E I Du Pont De Nemours And Co will post $3.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be given a $0.38 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.52 annualized dividend and a yield of 1.81%. E I Du Pont De Nemours And’s payout ratio is 59.38%.
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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