Whalerock Point Partners LLC Buys New Stake in E.I. du Pont de Nemours and Company (DD)

Whalerock Point Partners LLC bought a new position in E.I. du Pont de Nemours and Company (NYSE:DD) during the third quarter, Holdings Channel reports. The fund bought 4,275 shares of the company’s stock, valued at approximately $286,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors increased its position in E.I. du Pont de Nemours and Company by 8.3% in the second quarter. Capital World Investors now owns 97,323,259 shares of the company’s stock worth $6,306,547,000 after buying an additional 7,484,437 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in E.I. du Pont de Nemours and Company by 19.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 19,908,795 shares of the company’s stock worth $1,333,292,000 after buying an additional 3,278,847 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in E.I. du Pont de Nemours and Company during the third quarter worth approximately $66,510,000. BlackRock Advisors LLC increased its position in E.I. du Pont de Nemours and Company by 13.3% in the third quarter. BlackRock Advisors LLC now owns 7,857,987 shares of the company’s stock worth $526,249,000 after buying an additional 922,472 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in E.I. du Pont de Nemours and Company by 147.1% in the third quarter. Canada Pension Plan Investment Board now owns 1,436,049 shares of the company’s stock worth $96,172,000 after buying an additional 854,848 shares in the last quarter. 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 Company (NYSE:DD)

E.I. du Pont de Nemours and Company (NYSE:DD) opened at 78.05 on Wednesday. The company has a market capitalization of $67.48 billion, a PE ratio of 27.34 and a beta of 1.69. The stock’s 50 day moving average is $75.07 and its 200 day moving average is $71.15. E.I. du Pont de Nemours and Company has a one year low of $57.76 and a one year high of $78.36.

E.I. du Pont de Nemours and Company (NYSE:DD) last released its quarterly earnings results on Tuesday, January 24th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. E.I. du Pont de Nemours and Company had a net margin of 10.22% and a return on equity of 29.26%. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.27 billion. During the same period in the previous year, the company earned $1.96 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts anticipate that E.I. du Pont de Nemours and Company will post $3.69 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Investors of record on Wednesday, February 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Monday, February 13th. E.I. du Pont de Nemours and Company’s dividend payout ratio (DPR) is presently 53.33%.

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A number of equities analysts have recently commented on the stock. Nomura assumed coverage on shares of E.I. du Pont de Nemours and Company in a research note on Tuesday, October 18th. They set a “buy” rating and a $78.00 price objective for the company. Barclays PLC increased their price objective on shares of E.I. du Pont de Nemours and Company from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 25th. Zacks Investment Research upgraded shares of E.I. du Pont de Nemours and Company from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Wednesday, November 23rd. Credit Suisse Group increased their price objective on shares of E.I. du Pont de Nemours and Company from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 25th. Finally, Sanford C. Bernstein restated an “overweight” rating on shares of E.I. du Pont de Nemours and Company in a research note on Friday, December 23rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $72.11.

E.I. du Pont de Nemours and Company Company Profile

E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company consists of over 10 businesses aggregated into six segments: Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. Its products include corn hybrids and soybean varieties, herbicides, fungicides and insecticides in Agriculture segment; photopolymers and electronic materials in Electronics & Communications segment; enzymes and bio-based materials in Industrial Biosciences segment; cultures, emulsifiers, texturants, natural sweeteners and soy-based food ingredients in Nutrition & Health segment; engineering polymers, packaging and industrial polymers, films and elastomers in Performance Materials segment, and nonwovens, aramids and solid surfaces in Safety & Protection segment.

5 Day Chart for NYSE:DD

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