Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of E I Du Pont De Nemours And Co (NYSE:DD) by 23.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,705 shares of the basic materials company’s stock after acquiring an additional 4,240 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in E I Du Pont De Nemours And were worth $1,833,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC purchased a new stake in E I Du Pont De Nemours And in the 1st quarter valued at 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. Institutional investors and hedge funds own 71.21% of the company’s stock.
Shares of E I Du Pont De Nemours And Co (DD) opened at 83.93 on Friday. 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 Co has a 1-year low of $66.02 and a 1-year high of $86.36. 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 (NYSE:DD) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $7.28 billion. During the same quarter in the previous year, the business earned $1.24 EPS. The company’s quarterly 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.
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In other news, SVP Benito Cachinero sold 10,621 shares of the business’s stock in a transaction 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 filing with the SEC, which is accessible through this link. 0.31% of the stock is currently owned by insiders.
A number of equities analysts have recently commented on DD shares. Zacks Investment Research downgraded E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Morgan Stanley reaffirmed a “buy” rating and issued a $77.00 price target on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $96.00 price target on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. Finally, BidaskClub downgraded E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. 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.
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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