Aberdeen Asset Management PLC UK Acquires 7,054 Shares of E.I. du Pont de Nemours and Company (DD)
Aberdeen Asset Management PLC UK raised its stake in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,385 shares of the basic materials company’s stock after buying an additional 7,054 shares during the period. Aberdeen Asset Management PLC UK’s holdings in E.I. du Pont de Nemours and were worth $17,784,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Financial Architects Inc raised its position in shares of E.I. du Pont de Nemours and by 18.2% in the first quarter. Financial Architects Inc now owns 1,292 shares of the basic materials company’s stock valued at $103,000 after buying an additional 199 shares during the last quarter. Acrospire Investment Management LLC bought a new position in E.I. du Pont de Nemours and during the first quarter worth $104,000. Signature Estate & Investment Advisors LLC bought a new position in E.I. du Pont de Nemours and during the first quarter worth $125,000. Benjamin F. Edwards & Company Inc. raised its position in 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 worth $135,000 after buying an additional 107 shares in the last quarter. Finally, Advantage Investment Management LLC raised its position in 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 worth $137,000 after buying an additional 33 shares in the last quarter. Institutional investors own 71.18% of the company’s stock.
Shares of E.I. du Pont de Nemours and Company (NYSE DD) traded up 0.40% on Friday, reaching $81.18. The company had a trading volume of 1,952,437 shares. E.I. du Pont de Nemours and Company has a 52 week low of $66.02 and a 52 week high of $86.36. The firm has a market capitalization of $70.45 billion, a price-to-earnings ratio of 31.71 and a beta of 1.76. The stock’s 50 day moving average is $82.75 and its 200 day moving average is $80.37.
E.I. du Pont de Nemours and (NYSE:DD) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.09. E.I. du Pont de Nemours and had a net margin of 8.86% and a return on equity of 31.23%. The company had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same period in the previous year, the business posted $1.24 EPS. E.I. du Pont de Nemours and’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 annualized dividend and a dividend yield of 1.87%. E.I. du Pont de Nemours and’s dividend payout ratio is currently 59.38%.
A number of research firms have recently weighed in on DD. BidaskClub upgraded E.I. du Pont de Nemours and from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research downgraded E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price target (up from $90.00) on shares of E.I. du Pont de Nemours and in a research report on Saturday, April 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $86.00 target price (up from $78.00) on shares of E.I. du Pont de Nemours and in a research report on Wednesday, April 26th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $81.15.
In related news, SVP Benito Cachinero sold 10,621 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $81.67, for a total transaction of $867,417.07. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.
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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