Reliant Investment Management Lowers stake in E I Du Pont De Nemours And Co (DD)

E I Du Pont De Nemours And Co (DD) : Reliant Investment Management reduced its stake in E I Du Pont De Nemours And Co by 3.9% during the most recent quarter end. The investment management company now holds a total of 5,672 shares of E I Du Pont De Nemours And Co which is valued at $390,858 after selling 230 shares in E I Du Pont De Nemours And Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.E I Du Pont De Nemours And Co makes up approximately 0.34% of Reliant Investment Management’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in DD by selling 6,423 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 112,914 shares of DD which is valued at $7,780,904. E I Du Pont De Nemours And Co makes up approx 0.10% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in DD by selling 17,538 shares or 8.75% in the most recent quarter. The Hedge Fund company now holds 182,932 shares of DD which is valued at $12,653,406. E I Du Pont De Nemours And Co makes up approx 0.10% of Public Employees Retirement Association Of Colorado’s portfolio.W.g. Shaheen Associates Dba Whitney Co boosted its stake in DD in the latest quarter, The investment management firm added 275 additional shares and now holds a total of 54,915 shares of E I Du Pont De Nemours And Co which is valued at $3,757,833. E I Du Pont De Nemours And Co makes up approx 1.48% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Eagle Asset Management Inc boosted its stake in DD in the latest quarter, The investment management firm added 6,160 additional shares and now holds a total of 1,151,355 shares of E I Du Pont De Nemours And Co which is valued at $77,923,706. E I Du Pont De Nemours And Co makes up approx 0.52% of Eagle Asset Management Inc’s portfolio.North American Management Corp boosted its stake in DD in the latest quarter, The investment management firm added 151 additional shares and now holds a total of 15,687 shares of E I Du Pont De Nemours And Co which is valued at $1,061,696. E I Du Pont De Nemours And Co makes up approx 0.17% of North American Management Corp’s portfolio.

E I Du Pont De Nemours And Co closed down -0.06 points or -0.09% at $68.85 with 14,97,507 shares getting traded on Thursday. Post opening the session at $69, the shares hit an intraday low of $68.55 and an intraday high of $69.2048 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, E I Du Pont De Nemours And Co reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.10. The company had revenue of $7061.00 million for the quarter, compared to analysts expectations of $6979.50 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 EPS.

Investors should note that on Jul 28, 2016, E I Du Pont De Nemours And Co announced a cash dividend of $0.3800. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 12, 2016.

Many Wall Street Analysts have commented on E I Du Pont De Nemours And Co. E I Du Pont De Nemours And Co was Downgraded by JP Morgan to ” Neutral” on Jun 28, 2016.

E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company’s subsidiaries and affiliates conduct manufacturing seed production or selling activities and distribute products manufactured by the Company. The Company’s segments include Agriculture Electronics & Communications Industrial Biosciences Nutrition & Health Performance Materials and Safety & Protection. The Company’s other business operations include various embryonic businesses such as pre-commercial programs and non-aligned businesses. DuPont conducts research and development (R&D) programs across multiple fields including biology chemistry engineering and materials science. The Company’s brands include Pioneer DuPont Teflon Capstone Opteon yf Isceon Suva Vazo Vertrel Virkon Viton Zyron and Bynel coextrudable adhesive resins Elvax EVA resins DuPont Kevlar Nomex and Tyvek.

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