Vigilant Capital Management LLC Lowers Position in E.I. du Pont de Nemours and Company (DD)

Vigilant Capital Management LLC decreased its stake in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 11.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,224 shares of the basic materials company’s stock after selling 525 shares during the period. Vigilant Capital Management LLC’s holdings in E.I. du Pont de Nemours and Company were worth $339,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in shares of E.I. du Pont de Nemours and Company during the first quarter worth $1,772,000. Lourd Capital LLC boosted its stake in E.I. du Pont de Nemours and Company by 2.0% in the first quarter. Lourd Capital LLC now owns 3,946 shares of the basic materials company’s stock worth $317,000 after buying an additional 78 shares during the period. Security National Trust Co. boosted its stake in E.I. du Pont de Nemours and Company by 0.9% in the first quarter. Security National Trust Co. now owns 14,482 shares of the basic materials company’s stock worth $1,163,000 after buying an additional 136 shares during the period. Wedgewood Investors Inc. PA acquired a new stake in E.I. du Pont de Nemours and Company during the first quarter worth approximately $214,000. Finally, Whittier Trust Co. boosted its stake in E.I. du Pont de Nemours and Company by 1.5% in the first quarter. Whittier Trust Co. now owns 117,811 shares of the basic materials company’s stock worth $9,464,000 after buying an additional 1,733 shares during the period. Institutional investors own 71.59% of the company’s stock.

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

Shares of E.I. du Pont de Nemours and Company (NYSE DD) traded up 1.32% during trading on Monday, reaching $83.56. The company had a trading volume of 2,288,346 shares. The stock has a market capitalization of $72.45 billion, a PE ratio of 30.63 and a beta of 1.75. E.I. du Pont de Nemours and Company has a 12 month low of $61.12 and a 12 month high of $83.93. The stock’s 50-day moving average price is $79.77 and its 200-day moving average price is $77.84.

E.I. du Pont de Nemours and Company (NYSE:DD) last released its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.26. E.I. du Pont de Nemours and Company had a net margin of 9.63% and a return on equity of 31.66%. The company had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.50 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts forecast that E.I. du Pont de Nemours and Company will post $3.84 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Monday, May 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, May 11th. E.I. du Pont de Nemours and Company’s dividend payout ratio (DPR) is 55.68%.

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DD has been the subject of several research reports. Stifel Nicolaus set a $57.00 price target on E.I. du Pont de Nemours and Company and gave the stock a “buy” rating in a research report on Saturday, February 25th. Jefferies Group LLC upgraded E.I. du Pont de Nemours and Company from a “hold” rating to a “buy” rating and upped their target price for the company from $83.00 to $96.00 in a report on Monday, March 6th. Zacks Investment Research upgraded E.I. du Pont de Nemours and Company from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Wednesday, April 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $86.00 price target (up previously from $78.00) on shares of E.I. du Pont de Nemours and Company in a research note on Wednesday, April 26th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $95.00 target price (up previously from $90.00) on shares of E.I. du Pont de Nemours and Company in a research note on Saturday, April 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $77.56.

In other E.I. du Pont de Nemours and Company news, insider Nicholas C. Fanandakis sold 44,920 shares of the company’s stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $81.93, for a total transaction of $3,680,295.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by corporate insiders.

About E.I. du Pont de Nemours and Company

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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