E I Du Pont De Nemours And Co (DD) Stake Held by Cabot Wealth Management Inc.
Cabot Wealth Management Inc. held its stake in E I Du Pont De Nemours And Co (NYSE:DD) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,434 shares of the basic materials company’s stock at the end of the second quarter. Cabot Wealth Management Inc.’s holdings in E I Du Pont De Nemours And were worth $439,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Waldron LP raised its holdings in shares of E I Du Pont De Nemours And by 93.4% in the 1st quarter. Waldron LP now owns 7,051 shares of the basic materials company’s stock worth $534,000 after buying an additional 3,405 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of E I Du Pont De Nemours And during the 1st quarter worth approximately $615,000. Blue Fin Capital Inc. acquired a new stake in E I Du Pont De Nemours And in the 1st quarter valued at $219,000. Welch Investments LLC boosted its stake in E I Du Pont De Nemours And by 0.6% in the 1st quarter. Welch Investments LLC now owns 53,023 shares of the basic materials company’s stock valued at $4,259,000 after buying an additional 313 shares in the last quarter. Finally, DT Investment Partners LLC boosted its stake in E I Du Pont De Nemours And by 7.9% in the 1st quarter. DT Investment Partners LLC now owns 13,922 shares of the basic materials company’s stock valued at $1,118,000 after buying an additional 1,025 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Shares of E I Du Pont De Nemours And Co (DD) opened at 83.93 on Tuesday. E I Du Pont De Nemours And Co has a one year low of $66.02 and a one year high of $86.36. The firm has a market cap of $72.83 billion, a price-to-earnings ratio of 32.79 and a beta of 1.76. The company has a 50 day moving average of $82.87 and a 200-day moving average of $80.79.
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 the consensus estimate of $1.29 by $0.09. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The business 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 posted $1.24 earnings per share. E I Du Pont De Nemours And’s revenue was up 5.1% compared to the same quarter last year. On average, analysts expect that E I Du Pont De Nemours And Co will post $3.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, July 31st were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.81%. The ex-dividend date was Thursday, July 27th. E I Du Pont De Nemours And’s payout ratio is 59.38%.
Several research firms have issued reports on DD. BidaskClub upgraded 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 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, 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 on the stock in a report on Tuesday, June 27th. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $77.00 target price on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. E I Du Pont De Nemours And has a consensus rating of “Buy” and a consensus target price of $80.89.
In other news, SVP Benito Cachinero sold 10,621 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by 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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