Candriam Luxembourg S.C.A. Sells 20,005 Shares of E.I. du Pont de Nemours and Company (DD)

Candriam Luxembourg S.C.A. reduced its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 31.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,181 shares of the company’s stock after selling 20,005 shares during the period. Candriam Luxembourg S.C.A.’s holdings in E.I. du Pont de Nemours and Company were worth $2,959,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tarbox Group Inc. increased its position in E.I. du Pont de Nemours and Company by 0.3% in the second quarter. Tarbox Group Inc. now owns 3,645 shares of the company’s stock valued at $236,000 after buying an additional 10 shares during the last quarter. Assetmark Inc. increased its position in E.I. du Pont de Nemours and Company by 0.3% in the third quarter. Assetmark Inc. now owns 3,597 shares of the company’s stock valued at $241,000 after buying an additional 11 shares during the last quarter. Savant Capital LLC increased its position in E.I. du Pont de Nemours and Company by 0.3% in the third quarter. Savant Capital LLC now owns 6,508 shares of the company’s stock valued at $436,000 after buying an additional 20 shares during the last quarter. Ronald Blue & Co. LLC increased its position in E.I. du Pont de Nemours and Company by 0.6% in the third quarter. Ronald Blue & Co. LLC now owns 4,117 shares of the company’s stock valued at $276,000 after buying an additional 24 shares during the last quarter. Finally, Lourd Capital LLC increased its position in E.I. du Pont de Nemours and Company by 0.8% in the second quarter. Lourd Capital LLC now owns 4,184 shares of the company’s stock valued at $271,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 70.95% 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) traded up 1.10% during trading on Friday, reaching $77.21. 1,556,394 shares of the company traded hands. The firm has a 50-day moving average price of $74.89 and a 200-day moving average price of $71.00. E.I. du Pont de Nemours and Company has a 52 week low of $57.76 and a 52 week high of $78.36. The company has a market capitalization of $66.75 billion, a P/E ratio of 27.04 and a beta of 1.69.

E.I. du Pont de Nemours and Company (NYSE:DD) last released its quarterly earnings data on Tuesday, January 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.27 billion. 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’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 EPS. Analysts forecast that E.I. du Pont de Nemours and Company will post $3.69 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Wednesday, February 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Monday, February 13th. E.I. du Pont de Nemours and Company’s dividend payout ratio (DPR) is currently 53.33%.

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Several research analysts have weighed in on the stock. Credit Suisse Group increased their price target 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 report on Wednesday, January 25th. Zacks Investment Research downgraded shares of E.I. du Pont de Nemours and Company from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. Barclays PLC increased their price target 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 report on Wednesday, January 25th. TheStreet upgraded shares of E.I. du Pont de Nemours and Company from a “c+” rating to a “b” rating in a research report on Tuesday, January 24th. Finally, Argus downgraded shares of E.I. du Pont de Nemours and Company from a “buy” rating to a “hold” rating and increased their price target for the stock from $77.20 to $77.70 in a research report on Monday, January 30th. Three 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. The company currently has a consensus rating of “Hold” and a consensus price target of $72.11.

About E.I. du Pont de Nemours and Company

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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