Morgan Stanley reiterated their buy rating on shares of E I Du Pont De Nemours And Co (NYSE:DD) in a report published on Wednesday, September 6th. They currently have a $77.00 target price on the basic materials company’s stock.
Several other analysts also recently commented on DD. BidaskClub raised E I Du Pont De Nemours And from a sell rating to a hold rating in a research note on Saturday, August 19th. Zacks Investment Research raised E I Du Pont De Nemours And from a hold rating to a buy rating and set a $92.00 price objective on the stock in a research note on Tuesday, August 22nd. Finally, Jefferies Group LLC reissued a buy rating and issued a $96.00 price target on shares of E I Du Pont De Nemours And in a research note on Tuesday, August 29th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. E I Du Pont De Nemours And currently has a consensus rating of Buy and a consensus target price of $80.89.
E I Du Pont De Nemours And (DD) opened at 83.93 on Wednesday. The firm has a market capitalization of $72.83 billion, a price-to-earnings ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And has a 52-week low of $66.02 and a 52-week high of $86.36. The company’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 issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.09. The business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.28 billion. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS. Equities analysts predict that E I Du Pont De Nemours And will post $3.85 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, July 27th. E I Du Pont De Nemours And’s dividend payout ratio is currently 59.38%.
In related news, SVP Benito Cachinero sold 10,621 shares of E I Du Pont De Nemours And stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $81.67, for a total transaction of $867,417.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Capital World Investors grew its holdings in E I Du Pont De Nemours And by 1.2% during the second quarter. Capital World Investors now owns 87,973,821 shares of the basic materials company’s stock worth $7,100,367,000 after purchasing an additional 1,073,143 shares during the period. Vanguard Group Inc. boosted its holdings in shares of E I Du Pont De Nemours And by 2.4% during the second quarter. Vanguard Group Inc. now owns 62,005,773 shares of the basic materials company’s stock worth $5,004,485,000 after acquiring an additional 1,425,085 shares during the period. BlackRock Inc. boosted its holdings in shares of E I Du Pont De Nemours And by 0.8% during the second quarter. BlackRock Inc. now owns 55,113,575 shares of the basic materials company’s stock worth $4,448,217,000 after acquiring an additional 427,380 shares during the period. FMR LLC boosted its holdings in shares of E I Du Pont De Nemours And by 5.1% during the second quarter. FMR LLC now owns 34,026,342 shares of the basic materials company’s stock worth $2,746,266,000 after acquiring an additional 1,654,590 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of E I Du Pont De Nemours And by 36.6% during the first quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock worth $1,448,235,000 after acquiring an additional 4,825,726 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.
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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