Investors Sell E.I. du Pont de Nemours and Company (DD) on Strength (DD)

Investors sold shares of E.I. du Pont de Nemours and Company (NYSE:DD) on strength during trading hours on Thursday. $30.58 million flowed into the stock on the tick-up and $59.92 million flowed out of the stock on the tick-down, for a money net flow of $29.34 million out of the stock. Of all equities tracked, E.I. du Pont de Nemours and had the 0th highest net out-flow for the day. E.I. du Pont de Nemours and traded up $0.16 for the day and closed at $84.59

DD has been the topic of several research reports. BidaskClub downgraded shares of E.I. du Pont de Nemours and from a “hold” rating to a “sell” rating in a research note on Friday. Royal Bank Of Canada reissued a “sector perform” rating and set a $86.00 price target (up from $78.00) on shares of E.I. du Pont de Nemours and in a research note on Wednesday, April 26th. Deutsche Bank AG reissued a “buy” rating and set a $95.00 price target (up from $90.00) on shares of E.I. du Pont de Nemours and in a research note on Saturday, April 29th. Finally, Zacks Investment Research downgraded shares of E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One investment 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 currently has an average rating of “Hold” and a consensus price target of $81.15.

The company has a market cap of $70.98 billion, a price-to-earnings ratio of 31.9518 and a beta of 1.76. The stock’s 50-day moving average price is $82.93 and its 200 day moving average price is $79.88.

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 company had revenue of $7.42 billion during the quarter, compared to analysts’ expectations 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%. E.I. du Pont de Nemours and’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. On average, 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. Investors of record on Monday, July 31st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio is currently 59.38%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Financial Architects Inc boosted its position in shares of E.I. du Pont de Nemours and by 18.2% in the first quarter. Financial Architects Inc now owns 1,292 shares of the basic materials company’s stock valued at $103,000 after buying an additional 199 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of E.I. du Pont de Nemours and during the first quarter valued at $104,000. Reilly Financial Advisors LLC boosted its position in shares of E.I. du Pont de Nemours and by 61.1% in the second quarter. Reilly Financial Advisors LLC now owns 1,319 shares of the basic materials company’s stock valued at $106,000 after buying an additional 500 shares in the last quarter. Invictus RG bought a new position in shares of E.I. du Pont de Nemours and during the first quarter valued at $116,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of E.I. du Pont de Nemours and during the first quarter valued at $125,000. Institutional investors own 71.23% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Investors Sell E.I. du Pont de Nemours and Company (DD) on Strength (DD)” was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.themarketsdaily.com/2017/08/08/investors-sell-e-i-du-pont-de-nemours-and-company-dd-on-strength-dd-updated.html.

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.

Receive News & Ratings for E.I. du Pont de Nemours and Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E.I. du Pont de Nemours and Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply