Croft Leominster Inc. Continues to Hold Stake in E.I. du Pont de Nemours and Company (DD)
Croft Leominster Inc. continued to hold its position in shares of E.I. du Pont de Nemours and Company (NYSE:DD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,002 shares of the basic materials company’s stock at the end of the first quarter. Croft Leominster Inc.’s holdings in E.I. du Pont de Nemours and were worth $321,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of DD. Financial Architects Inc boosted its stake in 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 purchased a new stake in E.I. du Pont de Nemours and during the first quarter valued at approximately $104,000. Signature Estate & Investment Advisors LLC purchased a new stake in E.I. du Pont de Nemours and during the first quarter valued at approximately $125,000. Benjamin F. Edwards & Company Inc. boosted its stake 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 valued at $135,000 after buying an additional 107 shares during the last quarter. Finally, Advantage Investment Management LLC boosted its stake 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 valued at $137,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.
Shares of E.I. du Pont de Nemours and Company (NYSE DD) traded up 0.32% during midday trading on Wednesday, hitting $82.50. The stock had a trading volume of 567,812 shares. The company’s 50 day moving average is $82.86 and its 200 day moving average is $80.60. 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 cap of $71.59 billion, a P/E ratio of 32.23 and a beta of 1.76.
E.I. du Pont de Nemours and (NYSE:DD) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. E.I. du Pont de Nemours and had a return on equity of 31.23% and a net margin of 8.86%. The business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same period last year, the business posted $1.24 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.52 annualized dividend and a yield of 1.85%. E.I. du Pont de Nemours and’s dividend payout ratio is 59.38%.
TRADEMARK VIOLATION WARNING: This story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/30/croft-leominster-inc-continues-to-hold-stake-in-e-i-du-pont-de-nemours-and-company-dd.html.
DD has been the topic of several research reports. Zacks Investment Research upgraded E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Tuesday, June 27th. 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, Jefferies Group LLC restated a “buy” rating and issued a $96.00 target price on shares of E.I. du Pont de Nemours and in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $81.25.
In other E.I. du Pont de Nemours and news, SVP Benito Cachinero sold 10,621 shares of the stock in a transaction on Thursday, August 17th. The stock was 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 is available through this link. Company 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.
Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for E.I. du Pont de Nemours and Company (NYSE:DD).
Receive News & Stock Ratings for E.I. du Pont de Nemours and Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E.I. du Pont de Nemours and Company and related stocks with our FREE daily email newsletter.