The company is so far trading up since yesterday’s close of $82.57. The stock is trading at $83.72 which is just over $80.24, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $78.37. The 50 day moving average was up by +4.40% whereas the 200 day average was up by +6.89%.
Here is the rundown on market activity for E.I. du Pont de Nemours and Com (NYSE:DD). EVP Nicholas C. Fanandakis sold 44,920 shares at an average price of $81.93 on Tue the 28th. Fanandakis now owns $12,909,829 of stock as reported to the SEC. EVP Christopher Marc Doyle sold 5,422 shares at an average price of $69.53 on August 26th. The EVP now owns $5,614,621 of the stock as recorded in a recent Form 4 SEC filing.
Sr VP Benito Cachinero let go of 58,958 shares at an average price of $70.36 on Wed the 24th. That brings Cachinero’s holdings to $3,060,580 per an SEC filing yesterday.
E. I. du Pont de Nemours and Company (DuPont), launched on September 4, 1915, is a science and technology-based company. The Business’s subsidiaries and affiliates conduct manufacturing, seed production or selling activities and some are distributors of products manufactured by the Company. The Company 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. Its E&C segment includes products, such as printing and packaging materials, photopolymers and electronic materials. Its Industrial Biosciences segment includes products, such as enzymes, bio-based materials and process technologies. Its Nutrition & Health segment includes products, such as probiotics, cultures, emulsifiers, texturants, natural sweeteners and soy-based food ingredients. The Business’s Performance Materials segment includes products, such as engineering polymers, packaging and industrial polymers, films and elastomers. Its Protection Solutions segment includes products, such as nonwovens, aramids and solid surfaces. The Business’s businesses also include pre-commercial programs, nonaligned businesses and pharmaceuticals. As of December 31, 2016, the Company had operations in approximately 90 countries around the world..
Here are a few additional firms who have increased or decreased their stake in (DD). As of quarter end Gateway Investment Advisers LLC had acquired 602 shares growing its position 0.1%. The value of the investment in DD increased from $41,703,000 to $41,948,000 a change of $245,000 quarter over quarter. As of the end of the quarter Pennsylvania Trust Co had bought a total of 40,349 shares growing its holdings by 35.2%. The value of the investment in E.I. du Pont de Nemours and Com went from $9,197,000 to $12,503,000 a change of 35.9% quarter to quarter.
As of quarter end Churchill Management Corp had acquired 6,513 shares growing its stake by 206.6%. The value of the investment in (DD) went from $253,000 to $780,000 increasing 208.3% for the reporting period. Arvest Bank Trust Division cut its position by shedding 97 shares a decrease of 44.9% in the quarter. Arvest Bank Trust Division owns 119 shares with a value of $10,000. The value of the position overall is down by 41.2%.
Nomura began coverage with a rating of “Buy”. On October 3 the stock rating was upgraded to “Buy” from “Neutral” with a current price target of $76.00 in a statement from Citigroup.
Citigroup both upgraded the stock and raised the price target on October 3 boosting the price target from $70.00 to $76.00 and changing the rating from “Neutral” to “Buy”. On August 12 Deutsche Bank kept the stock rating at “Sell” but lowered the price target to $56.00 from $64.00.
July 27 investment analysts at Barclays left the stock rating at “Equalweight” and lowered the price target from $75.00 to $70.00. On June 28 the company was changed to a “Neutral” by JP Morgan a cut from the previous “Outperform” rating.
The company announced a dividend paid on Monday the 12th of June 2017. The dividend was $0.380 per share for the quarter or $1.52 on an annualized basis. This dividend represents a yeild of $1.85 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 11th of May 2017.
The company currently has a P/E ratio of 30.71 and the market value is 72.63B. In the latest earnings report the EPS was $2.73 and is estimated to be $3.84 for the current year with 867,031,000 shares presently outstanding. Next quarter’s EPS is expected be $0.41 with next year’s EPS projected to be $4.09.