E I Du Pont De Nemours And Co (DD) Position Maintained by NJ State Employees Deferred Compensation Plan
NJ State Employees Deferred Compensation Plan maintained its position in shares of E I Du Pont De Nemours And Co (NYSE:DD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the basic materials company’s stock at the close of the 2nd quarter. NJ State Employees Deferred Compensation Plan’s holdings in E I Du Pont De Nemours And were worth $2,018,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new stake in shares of E I Du Pont De Nemours And in the 1st quarter worth about $104,000. Reilly Financial Advisors LLC increased its position in shares of 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 purchasing an additional 500 shares during the last quarter. Invictus RG bought a new stake in shares of E I Du Pont De Nemours And in the 1st quarter worth about $116,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of E I Du Pont De Nemours And in the 1st quarter worth about $125,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of 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 purchasing an additional 107 shares during the last quarter. 71.21% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on DD shares. BidaskClub raised shares of E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 target price on shares of E I Du Pont De Nemours And in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Tuesday, June 27th. Finally, Morgan Stanley reissued a “buy” rating and issued a $77.00 target price on shares of E I Du Pont De Nemours And in a research report on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $80.89.
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In other news, SVP Benito Cachinero sold 10,621 shares of the 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.
E I Du Pont De Nemours And Co (DD) opened at 83.93 on Wednesday. E I Du Pont De Nemours And Co has a 1-year low of $66.02 and a 1-year high of $86.36. The firm has a market capitalization of $72.83 billion, a price-to-earnings ratio of 32.79 and a beta of 1.76. The firm’s 50-day moving average is $82.87 and its 200-day moving average is $80.79.
E I Du Pont De Nemours And (NYSE:DD) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) 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 company had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.28 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The business’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 Co will post $3.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 of this dividend is Thursday, July 27th. E I Du Pont De Nemours And’s dividend payout ratio is 59.38%.
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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