Smithfield Trust Co. Maintains Holding in E I Du Pont De Nemours And Co (DD)

Smithfield Trust Co. Maintains Holding in E I Du Pont De Nemours And Co (DD)

Smithfield Trust Co. continued to hold its stake in shares of E I Du Pont De Nemours And Co (NYSE:DD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,611 shares of the basic materials company’s stock at the end of the first quarter. Smithfield Trust Co.’s holdings in E I Du Pont De Nemours And were worth $1,013,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. DF Dent & Co. Inc. boosted its stake in shares of E I Du Pont De Nemours And by 2.1% in the third quarter. DF Dent & Co. Inc. now owns 4,915 shares of the basic materials company’s stock valued at $329,000 after buying an additional 100 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of E I Du Pont De Nemours And by 2.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,425 shares of the basic materials company’s stock valued at $4,716,000 after buying an additional 1,600 shares during the period. Two Sigma Securities LLC bought a new stake in shares of E I Du Pont De Nemours And during the third quarter valued at about $1,470,000. Brown Brothers Harriman & Co. boosted its stake in shares of E I Du Pont De Nemours And by 19.5% in the third quarter. Brown Brothers Harriman & Co. now owns 175,238 shares of the basic materials company’s stock valued at $11,736,000 after buying an additional 28,654 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of E I Du Pont De Nemours And by 0.5% in the third quarter. HighTower Advisors LLC now owns 276,115 shares of the basic materials company’s stock valued at $18,478,000 after buying an additional 1,486 shares during the period. 72.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of E I Du Pont De Nemours And Co (DD) opened at 80.66 on Tuesday. The firm’s 50-day moving average price is $79.01 and its 200-day moving average price is $77.21. E I Du Pont De Nemours And Co has a 12 month low of $61.12 and a 12 month high of $82.37. The firm has a market cap of $69.93 billion, a PE ratio of 29.57 and a beta of 1.69.

E I Du Pont De Nemours And (NYSE:DD) last released its quarterly earnings data on Tuesday, April 25th. The basic materials company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.26. E I Du Pont De Nemours And had a net margin of 10.22% and a return on equity of 29.26%. The company had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. E I Du Pont De Nemours And’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that E I Du Pont De Nemours And Co will post $3.84 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, May 11th. This represents a $1.52 annualized dividend and a yield of 1.88%. E I Du Pont De Nemours And’s dividend payout ratio is presently 53.33%.

Several analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $86.00 target price (up previously from $78.00) on shares of E I Du Pont De Nemours And in a research report on Wednesday, April 26th. Stifel Nicolaus set a $57.00 target price on E I Du Pont De Nemours And and gave the company a “buy” rating in a research report on Saturday, February 25th. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 target price (up previously from $90.00) on shares of E I Du Pont De Nemours And in a research report on Saturday, April 29th. Jefferies Group LLC raised E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and increased their target price for the company from $83.00 to $96.00 in a research report on Monday, March 6th. Finally, Zacks Investment Research raised E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $77.56.

In other news, insider Nicholas C. Fanandakis sold 44,920 shares of the stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $81.93, for a total transaction of $3,680,295.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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