Greenwood Gearhart Inc. Cuts Holdings in E I Du Pont De Nemours And Co (DD)

Greenwood Gearhart Inc. cut its stake in E I Du Pont De Nemours And Co (NYSE:DD) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,457 shares of the basic materials company’s stock after selling 546 shares during the quarter. E I Du Pont De Nemours And comprises about 1.9% of Greenwood Gearhart Inc.’s investment portfolio, making the stock its 29th biggest position. Greenwood Gearhart Inc.’s holdings in E I Du Pont De Nemours And were worth $5,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Financial Architects Inc raised its position in 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 purchasing an additional 199 shares during the period. Acrospire Investment Management LLC purchased a new position in E I Du Pont De Nemours And in the first quarter valued at about $104,000. Invictus RG purchased a new position in E I Du Pont De Nemours And in the first quarter valued at about $116,000. Signature Estate & Investment Advisors LLC purchased a new position in E I Du Pont De Nemours And in the first quarter valued at about $125,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in E I Du Pont De Nemours And by 6.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,680 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 107 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Several research firms have commented on DD. Morgan Stanley reissued a “buy” rating and issued a $77.00 price objective on shares of E I Du Pont De Nemours And in a research report on Wednesday, September 6th. Zacks Investment Research lowered E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 price objective on shares of E I Du Pont De Nemours And in a research report on Tuesday, August 29th. Finally, BidaskClub raised E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. E I Du Pont De Nemours And presently has an average rating of “Buy” and a consensus target price of $80.89.

In related news, SVP Benito Cachinero sold 10,621 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $81.67, for a total value of $867,417.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

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Shares of E I Du Pont De Nemours And Co (NYSE:DD) remained flat at $83.93 during mid-day trading on Tuesday. 34,861,021 shares of the stock were exchanged. The firm has a 50-day moving average price of $82.87 and a 200-day moving average price of $80.79. The stock has a market capitalization of $72.83 billion, a P/E ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And Co has a 52-week low of $66.02 and a 52-week high of $86.36.

E I Du Pont De Nemours And (NYSE:DD) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.09. E I Du Pont De Nemours And had a net margin of 11.57% and a return on equity of 29.17%. The firm had revenue of $7.42 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that E I Du Pont De Nemours And Co will post $3.86 earnings per share for the current year.

The firm 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 $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, July 27th. E I Du Pont De Nemours And’s dividend payout ratio (DPR) is presently 59.38%.

E I Du Pont De Nemours And 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.

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

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