First Interstate Bank cut its stake in shares of E I Du Pont De Nemours And Co (NYSE:DD) by 2.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,165 shares of the basic materials company’s stock after selling 2,242 shares during the quarter. E I Du Pont De Nemours And makes up approximately 1.3% of First Interstate Bank’s portfolio, making the stock its 29th biggest position. First Interstate Bank’s holdings in E I Du Pont De Nemours And were worth $6,147,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in DD. Acrospire Investment Management LLC acquired a new position in shares of E I Du Pont De Nemours And during the first quarter worth about $104,000. Reilly Financial Advisors LLC grew its position in shares of E I Du Pont De Nemours And by 61.1% during the second quarter. Reilly Financial Advisors LLC now owns 1,319 shares of the basic materials company’s stock worth $106,000 after buying an additional 500 shares in the last quarter. Invictus RG acquired a new position in shares of E I Du Pont De Nemours And during the first quarter worth about $116,000. Benjamin F. Edwards & Company Inc. grew its position in shares of E I Du Pont De Nemours And by 6.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,680 shares of the basic materials company’s stock worth $135,000 after buying an additional 107 shares in the last quarter. Finally, Rockefeller Financial Services Inc. grew its position in shares of E I Du Pont De Nemours And by 24.5% during the second quarter. Rockefeller Financial Services Inc. now owns 1,685 shares of the basic materials company’s stock worth $136,000 after buying an additional 332 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.
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A number of equities analysts recently issued reports on DD shares. BidaskClub raised E I Du Pont De Nemours And from a “hold” rating to a “buy” rating in a 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 report on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 price objective on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. Finally, Morgan Stanley reissued a “buy” rating and issued a $77.00 price objective on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $81.86.
Shares of E I Du Pont De Nemours And Co (DD) opened at 83.93 on Friday. The stock’s 50 day moving average price is $82.87 and its 200 day moving average price is $80.79. E I Du Pont De Nemours And Co has a 1-year low of $66.02 and a 1-year high of $86.36. The stock has a market cap of $72.83 billion, a PE ratio of 32.79 and a beta of 1.76.
E I Du Pont De Nemours And (NYSE:DD) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.09. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The company had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that E I Du Pont De Nemours And Co will post $3.85 EPS for the current fiscal year.
In other 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 document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.
E I Du Pont De Nemours And Profile
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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