Arrow Financial Corp Has $635,000 Holdings in E I Du Pont De Nemours And Co (DD)
Arrow Financial Corp trimmed its stake in shares of E I Du Pont De Nemours And Co (NYSE:DD) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,880 shares of the basic materials company’s stock after selling 56 shares during the quarter. Arrow Financial Corp’s holdings in E I Du Pont De Nemours And were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of E I Du Pont De Nemours And by 2,719.5% in the first quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock valued at $4,392,942,000 after acquiring an additional 52,746,611 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of E I Du Pont De Nemours And by 36.6% during the first quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock worth $1,448,235,000 after acquiring an additional 4,825,726 shares during the period. FMR LLC increased its stake in shares of E I Du Pont De Nemours And by 5.9% during the first quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock worth $2,600,423,000 after acquiring an additional 1,813,187 shares during the period. Vanguard Group Inc. increased its stake in shares of E I Du Pont De Nemours And by 2.9% during the first quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock worth $4,866,447,000 after acquiring an additional 1,685,604 shares during the period. Finally, Pentwater Capital Management LP acquired a new position in shares of E I Du Pont De Nemours And during the first quarter worth about $128,528,000. 71.21% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on DD shares. BidaskClub raised E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Jefferies Group LLC reiterated a “buy” rating and set 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 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 note on Tuesday, June 27th. Finally, Morgan Stanley reissued a “buy” rating and set a $77.00 target price on shares of E I Du Pont De Nemours And in a research note on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $81.34.
In other E I Du Pont De Nemours And news, SVP Benito Cachinero sold 10,621 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.
Shares of E I Du Pont De Nemours And Co (DD) opened at 83.93 on Wednesday. The firm’s 50-day moving average price is $82.87 and its 200-day moving average price is $80.79. The stock has a market capitalization of $72.83 billion, a P/E ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And Co has a 52-week low of $66.02 and a 52-week high of $86.36.
E I Du Pont De Nemours And (NYSE:DD) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) 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 11.57% and a return on equity of 29.17%. The business had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.28 billion. During the same period last year, the firm posted $1.24 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. Equities analysts forecast that E I Du Pont De Nemours And Co will post $3.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, July 31st were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was 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%.
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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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