Norges Bank Invests $302.896 Million in E I Du Pont De Nemours And Co (DD)

Norges Bank purchased a new stake in shares of E I Du Pont De Nemours And Co (NYSE:DD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,126,646 shares of the basic materials company’s stock, valued at approximately $302,896,000. Norges Bank owned about 0.48% of E I Du Pont De Nemours And as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of DD. Endurance Wealth Management Inc. boosted its stake in E I Du Pont De Nemours And by 3,600.0% in the third quarter. Endurance Wealth Management Inc. now owns 1,480 shares of the basic materials company’s stock valued at $102,000 after buying an additional 1,440 shares during the period. Enterprise Financial Services Corp boosted its stake in E I Du Pont De Nemours And by 4.6% in the third quarter. Enterprise Financial Services Corp now owns 1,731 shares of the basic materials company’s stock valued at $116,000 after buying an additional 76 shares during the period. Advantage Investment Management LLC acquired a new stake in E I Du Pont De Nemours And during the fourth quarter valued at approximately $123,000. Global X Management Co. LLC boosted its stake in E I Du Pont De Nemours And by 329.1% in the third quarter. Global X Management Co. LLC now owns 2,274 shares of the basic materials company’s stock valued at $152,000 after buying an additional 1,744 shares during the period. Finally, Advisory Services Network LLC boosted its stake in E I Du Pont De Nemours And by 14.3% in the third quarter. Advisory Services Network LLC now owns 2,896 shares of the basic materials company’s stock valued at $194,000 after buying an additional 362 shares during the period. Hedge funds and other institutional investors own 72.40% of the company’s stock.

Institutional Ownership by Quarter for E I Du Pont De Nemours And (NYSE:DD)

Shares of E I Du Pont De Nemours And Co (NYSE:DD) traded up 0.46% during mid-day trading on Friday, reaching $78.65. The company had a trading volume of 2,098,744 shares. E I Du Pont De Nemours And Co has a 52 week low of $61.12 and a 52 week high of $82.37. The stock has a 50 day moving average of $79.98 and a 200-day moving average of $74.76. The company has a market capitalization of $68.00 billion, a price-to-earnings ratio of 27.55 and a beta of 1.69.

E I Du Pont De Nemours And (NYSE:DD) last posted its earnings results on Tuesday, January 24th. The basic materials company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09. E I Du Pont De Nemours And had a return on equity of 29.26% and a net margin of 10.22%. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.27 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. On average, analysts expect that E I Du Pont De Nemours And Co will post $3.68 earnings per share for the current fiscal year.

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DD has been the topic of several recent analyst reports. Argus cut E I Du Pont De Nemours And from a “buy” rating to a “hold” rating and increased their price objective for the company from $77.20 to $77.70 in a research report on Monday, January 30th. Sanford C. Bernstein reaffirmed an “overweight” rating on shares of E I Du Pont De Nemours And in a research report on Friday, December 23rd. TheStreet raised E I Du Pont De Nemours And from a “c+” rating to a “b” rating in a research report on Tuesday, January 24th. Jefferies Group LLC raised E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and raised their target price for the stock from $83.00 to $96.00 in a research report on Monday, March 6th. Finally, Zacks Investment Research raised E I Du Pont De Nemours And from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $73.16.

In related news, insider Nicholas C. Fanandakis sold 44,920 shares of the business’s stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $81.93, for a total value of $3,680,295.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.31% 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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