Nwam LLC Buys 326 Shares of E I du Pont de Nemours and Company (DD)

Nwam LLC raised its stake in E I du Pont de Nemours and Company (NYSE:DD) by 4.6% during the first quarter, Holdings Channel reports. The institutional investor owned 7,474 shares of the basic materials company’s stock after buying an additional 326 shares during the period. Nwam LLC’s holdings in E I du Pont de Nemours and Company were worth $600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DD. Financial Architects Inc boosted its position in shares of E I du Pont de Nemours and Company 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. Advantage Investment Management LLC acquired a new position in shares of E I du Pont de Nemours and Company during the fourth quarter valued at approximately $123,000. Enterprise Financial Services Corp boosted its position in shares of E I du Pont de Nemours and Company by 17.1% in the first quarter. Enterprise Financial Services Corp now owns 2,056 shares of the basic materials company’s stock valued at $165,000 after buying an additional 300 shares in the last quarter. Gratus Capital LLC acquired a new position in shares of E I du Pont de Nemours and Company during the fourth quarter valued at approximately $201,000. Finally, Sapphire Star Partners LP acquired a new position in shares of E I du Pont de Nemours and Company during the fourth quarter valued at approximately $206,000. 72.40% of the stock is currently owned by institutional investors.

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) opened at 82.90 on Friday. The firm has a 50-day moving average of $79.44 and a 200-day moving average of $77.46. E I du Pont de Nemours and Company has a 12 month low of $61.12 and a 12 month high of $82.97. The firm has a market cap of $71.88 billion, a price-to-earnings ratio of 30.39 and a beta of 1.69.

E I du Pont de Nemours and Company (NYSE:DD) last issued its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.26. The firm had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.50 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 up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. On average, analysts anticipate that E I du Pont de Nemours and Company will post $3.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Monday, May 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, May 11th. E I du Pont de Nemours and Company’s payout ratio is 53.33%.

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Several brokerages have recently commented on DD. Jefferies Group LLC raised shares of E I du Pont de Nemours and Company from a “hold” rating to a “buy” rating and raised their target price for the stock from $83.00 to $96.00 in a report on Monday, March 6th. Deutsche Bank AG reiterated a “buy” rating and set a $95.00 price target (up previously from $90.00) on shares of E I du Pont de Nemours and Company in a research report on Saturday, April 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $86.00 price target (up previously from $78.00) on shares of E I du Pont de Nemours and Company in a research report on Wednesday, April 26th. 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 $87.00 price target on the stock in a research report on Wednesday, April 19th. Finally, Stifel Nicolaus set a $57.00 price target on shares of E I du Pont de Nemours and Company and gave the stock a “buy” rating in a research report on Saturday, February 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $77.56.

In other news, insider Nicholas C. Fanandakis sold 44,920 shares of the stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $81.93, for a total value of $3,680,295.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.

Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for E I du Pont de Nemours and Company (NYSE:DD).

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