E I Du Pont De Nemours And Co (DD) Shares Sold by BTC Capital Management Inc.
BTC Capital Management Inc. reduced its holdings in E I Du Pont De Nemours And Co (NYSE:DD) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,962 shares of the basic materials company’s stock after selling 421 shares during the quarter. BTC Capital Management Inc.’s holdings in E I Du Pont De Nemours And were worth $4,195,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of DD. BlackRock Inc. grew its position 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 purchasing an additional 52,746,611 shares during the last quarter. JPMorgan Chase & Co. grew its position in 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 buying an additional 4,825,726 shares in the last quarter. FMR LLC grew its position in 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 buying an additional 1,813,187 shares in the last quarter. Vanguard Group Inc. grew its position in 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 buying an additional 1,685,604 shares in the last quarter. Finally, Pentwater Capital Management LP acquired a new stake in E I Du Pont De Nemours And during the first quarter worth about $128,528,000. 71.21% of the stock is currently owned by institutional investors.
E I Du Pont De Nemours And Co (DD) opened at 83.93 on Friday. E I Du Pont De Nemours And Co has a 52 week low of $66.02 and a 52 week high of $86.36. The company has a market cap of $72.83 billion, a PE 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 earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The business’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 fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, July 31st were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. E I Du Pont De Nemours And’s payout ratio is presently 59.38%.
A number of equities research analysts recently weighed in on DD shares. BidaskClub raised E I Du Pont De Nemours And from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. 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. Jefferies Group LLC reissued 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. 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 report on Wednesday, September 6th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company 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 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 document filed with the SEC, which is available at 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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