Investment Partners Ltd. OH ADV Increases Stake in E.I. du Pont de Nemours and Company (DD)

Investment Partners Ltd. OH ADV Increases Stake in E.I. du Pont de Nemours and Company (DD)

Investment Partners Ltd. OH ADV boosted its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 74.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,845 shares of the company’s stock after buying an additional 8,039 shares during the period. Investment Partners Ltd. OH ADV’s holdings in E.I. du Pont de Nemours and Company were worth $1,262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Mizuho Trust & Banking Co. Ltd. increased its position in E.I. du Pont de Nemours and Company by 0.3% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,613,298 shares of the company’s stock valued at $104,542,000 after buying an additional 5,485 shares during the period. Iowa State Bank increased its position in shares of E.I. du Pont de Nemours and Company by 0.6% in the third quarter. Iowa State Bank now owns 43,826 shares of the company’s stock valued at $2,935,000 after buying an additional 263 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of E.I. du Pont de Nemours and Company by 1.0% in the second quarter. Macquarie Group Ltd. now owns 10,960,286 shares of the company’s stock valued at $710,227,000 after buying an additional 108,505 shares during the last quarter. Advisor Consultant Network Inc. purchased a new position in shares of E.I. du Pont de Nemours and Company during the third quarter valued at $8,752,000. Finally, Bank of Montreal Can increased its position in shares of E.I. du Pont de Nemours and Company by 37.5% in the third quarter. Bank of Montreal Can now owns 899,841 shares of the company’s stock valued at $60,263,000 after buying an additional 245,340 shares during the last quarter. 70.87% of the stock is owned by institutional investors and hedge funds.

E.I. du Pont de Nemours and Company (NYSE:DD) opened at 77.70 on Friday. E.I. du Pont de Nemours and Company has a 12-month low of $51.64 and a 12-month high of $78.36. The firm has a 50-day moving average price of $74.49 and a 200-day moving average price of $70.36. The stock has a market cap of $67.06 billion, a PE ratio of 27.22 and a beta of 1.71.

E.I. du Pont de Nemours and Company (NYSE:DD) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. The firm earned $5.20 billion during the quarter, compared to the consensus estimate of $5.27 billion. E.I. du Pont de Nemours and Company had a return on equity of 29.26% and a net margin of 10.22%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 EPS. Analysts forecast that E.I. du Pont de Nemours and Company will post $3.72 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 14th. Investors of record on Wednesday, February 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.96%. E.I. du Pont de Nemours and Company’s dividend payout ratio is currently 53.33%.

Several brokerages recently weighed in on DD. Barclays PLC boosted their target price on shares of E.I. du Pont de Nemours and Company from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday. Credit Suisse Group boosted their target price on shares of E.I. du Pont de Nemours and Company from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of E.I. du Pont de Nemours and Company from a “buy” rating to a “hold” rating in a research note on Friday, December 9th. TheStreet raised shares of E.I. du Pont de Nemours and Company from a “c+” rating to a “b” rating in a research note on Tuesday, January 24th. Finally, Sanford C. Bernstein reissued an “overweight” rating on shares of E.I. du Pont de Nemours and Company in a research note on Friday, December 23rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $72.12.

About E.I. du Pont de Nemours and Company

E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company consists of over 10 businesses aggregated into six segments: Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. Its products include corn hybrids and soybean varieties, herbicides, fungicides and insecticides in Agriculture segment; photopolymers and electronic materials in Electronics & Communications segment; enzymes and bio-based materials in Industrial Biosciences segment; cultures, emulsifiers, texturants, natural sweeteners and soy-based food ingredients in Nutrition & Health segment; engineering polymers, packaging and industrial polymers, films and elastomers in Performance Materials segment, and nonwovens, aramids and solid surfaces in Safety & Protection segment.

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