Klingenstein Fields & Co. LLC Has $4,041,000 Position in E.I. du Pont de Nemours and Company (DD)

Klingenstein Fields & Co. LLC Has $4,041,000 Position in E.I. du Pont de Nemours and Company (DD)

Klingenstein Fields & Co. LLC reduced its position in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,345 shares of the company’s stock after selling 3,193 shares during the period. Klingenstein Fields & Co. LLC’s holdings in E.I. du Pont de Nemours and Company were worth $4,041,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DD. Capital World Investors raised its stake in shares of E.I. du Pont de Nemours and Company by 8.3% in the second quarter. Capital World Investors now owns 97,323,259 shares of the company’s stock worth $6,306,547,000 after buying an additional 7,484,437 shares in the last quarter. FMR LLC raised its stake in shares of E.I. du Pont de Nemours and Company by 18.8% in the second quarter. FMR LLC now owns 25,133,333 shares of the company’s stock worth $1,628,640,000 after buying an additional 3,970,004 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of E.I. du Pont de Nemours and Company by 6.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,636,814 shares of the company’s stock valued at $559,666,000 after buying an additional 494,270 shares during the period. BlackRock Group LTD raised its position in shares of E.I. du Pont de Nemours and Company by 6.5% in the second quarter. BlackRock Group LTD now owns 7,446,242 shares of the company’s stock valued at $482,517,000 after buying an additional 455,978 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of E.I. du Pont de Nemours and Company by 5.6% in the third quarter. Wells Fargo & Company MN now owns 5,926,570 shares of the company’s stock valued at $396,904,000 after buying an additional 314,426 shares during the period. 70.87% of the stock is owned by hedge funds and other institutional investors.

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

E.I. du Pont de Nemours and Company (NYSE:DD) last issued its earnings results on Tuesday, January 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09. 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 earned $5.20 billion during the quarter, compared to analysts’ expectations of $5.27 billion. During the same quarter in the previous year, the business earned $1.96 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities analysts expect that E.I. du Pont de Nemours and Company will post $3.72 earnings per share for the current fiscal year.

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

Several research analysts have weighed in on the stock. Barclays PLC increased their target price on shares of E.I. du Pont de Nemours and Company from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Credit Suisse Group increased their target price on shares of E.I. du Pont de Nemours and Company from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday. Zacks Investment Research lowered 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 reaffirmed an “overweight” rating on shares of E.I. du Pont de Nemours and Company in a research note on Friday, December 23rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $72.12.

E.I. du Pont de Nemours and Company Company Profile

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.

Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for E.I. du Pont de Nemours and Company (NYSE:DD).

Related posts

Leave a Comment