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. The brokerage currently has a $77.00 price target on the basic materials company’s stock.
Several other research analysts have also recently weighed in on DD. Zacks Investment Research raised shares of E I Du Pont De Nemours And from a hold rating to a buy rating and set a $91.00 price target on the stock in a research report on Tuesday, June 27th. BidaskClub raised shares of E I Du Pont De Nemours And from a hold rating to a buy rating in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reissued a buy rating and set a $96.00 price target on shares of E I Du Pont De Nemours And in a research report on Tuesday, August 29th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $80.89.
Shares of E I Du Pont De Nemours And (NYSE DD) opened at 83.93 on Wednesday. The stock has a market cap of $72.83 billion, a P/E 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 stock has a 50 day moving average of $82.87 and a 200 day moving average of $80.79.
E I Du Pont De Nemours And (NYSE:DD) last announced its quarterly earnings results 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. The firm had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $7.28 billion. E I Du Pont De Nemours And had a net margin of 11.57% and a return on equity of 29.17%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. On average, analysts expect that E I Du Pont De Nemours And will post $3.85 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. E I Du Pont De Nemours And’s dividend payout ratio (DPR) is presently 59.38%.
In other E I Du Pont De Nemours And news, SVP Benito Cachinero sold 10,621 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $81.67, for a total transaction of $867,417.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Financial Architects Inc increased its stake in E I Du Pont De Nemours And by 18.2% during the first quarter. Financial Architects Inc now owns 1,292 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 199 shares during the period. Acrospire Investment Management LLC purchased a new stake in E I Du Pont De Nemours And during the first quarter worth about $104,000. Reilly Financial Advisors LLC increased its stake in 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 purchasing an additional 500 shares during the period. Invictus RG purchased a new stake in E I Du Pont De Nemours And during the first quarter worth about $116,000. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in E I Du Pont De Nemours And during the first quarter worth about $125,000. Institutional investors 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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