Trexquant Investment LP Buys 7,265 Shares of E.I. du Pont de Nemours and Company (NYSE:DD)

Trexquant Investment LP raised its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 101.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,409 shares of the basic materials company’s stock after buying an additional 7,265 shares during the period. Trexquant Investment LP’s holdings in E.I. du Pont de Nemours and were worth $1,157,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of DD. Norges Bank purchased a new stake in E.I. du Pont de Nemours and during the fourth quarter worth $302,896,000. Bank of Montreal Can boosted its stake in E.I. du Pont de Nemours and by 132.6% in the first quarter. Bank of Montreal Can now owns 1,487,784 shares of the basic materials company’s stock worth $119,512,000 after buying an additional 848,209 shares in the last quarter. Swiss National Bank boosted its stake in E.I. du Pont de Nemours and by 25.5% in the first quarter. Swiss National Bank now owns 3,207,591 shares of the basic materials company’s stock worth $257,666,000 after buying an additional 651,900 shares during the period. Wells Fargo & Company MN boosted its stake in E.I. du Pont de Nemours and by 8.3% in the first quarter. Wells Fargo & Company MN now owns 6,785,476 shares of the basic materials company’s stock worth $545,078,000 after buying an additional 519,013 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in E.I. du Pont de Nemours and by 524.8% in the first quarter. BNP Paribas Arbitrage SA now owns 463,868 shares of the basic materials company’s stock worth $37,263,000 after buying an additional 389,626 shares during the period. Institutional investors own 71.23% of the company’s stock.

Shares of E.I. du Pont de Nemours and Company (DD) traded down 0.82% on Tuesday, hitting $81.12. 1,560,915 shares of the stock traded hands. The firm’s 50 day moving average is $82.84 and its 200-day moving average is $79.92. The company has a market cap of $70.40 billion, a PE ratio of 31.69 and a beta of 1.76. E.I. du Pont de Nemours and Company has a 12 month low of $66.02 and a 12 month high of $86.36.

E.I. du Pont de Nemours and (NYSE:DD) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. The company had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $7.28 billion. E.I. du Pont de Nemours and had a return on equity of 31.23% and a net margin of 8.86%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 EPS. Equities analysts predict that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. E.I. du Pont de Nemours and’s dividend payout ratio (DPR) is presently 59.38%.

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A number of analysts recently commented on the stock. BidaskClub cut shares of E.I. du Pont de Nemours and from a “hold” rating to a “sell” rating in a research note on Friday. 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 target price for the company in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $86.00 target price (up from $78.00) on shares of E.I. du Pont de Nemours and in a report on Wednesday, April 26th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 target price (up from $90.00) on shares of E.I. du Pont de Nemours and in a report on Saturday, April 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.15.

E.I. du Pont de Nemours and Company 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.

Institutional Ownership by Quarter for E.I. du Pont de Nemours and (NYSE:DD)

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