Covington Investment Advisors buys $3,725,224 stake in E I Du Pont De Nemours And Co (DD)

E I Du Pont De Nemours And Co (DD) : Covington Investment Advisors scooped up 1,366 additional shares in E I Du Pont De Nemours And Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 55,058 shares of E I Du Pont De Nemours And Co which is valued at $3,725,224.E I Du Pont De Nemours And Co makes up approximately 1.62% of Covington Investment Advisors’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. reduced its stake in DD by selling 5,244 shares or 31.08% in the most recent quarter. The Hedge Fund company now holds 11,627 shares of DD which is valued at $786,683. E I Du Pont De Nemours And Co makes up approx 0.14% of Mizuho Asset Managementltd.’s portfolio.Burt Wealth Advisors reduced its stake in DD by selling 75 shares or 5.03% in the most recent quarter. The Hedge Fund company now holds 1,417 shares of DD which is valued at $96,965. E I Du Pont De Nemours And Co makes up approx 0.09% of Burt Wealth Advisors’s portfolio.St. Johns Investment Management Company boosted its stake in DD in the latest quarter, The investment management firm added 183 additional shares and now holds a total of 7,896 shares of E I Du Pont De Nemours And Co which is valued at $534,401. E I Du Pont De Nemours And Co makes up approx 0.47% of St. Johns Investment Management Company’s portfolio.

E I Du Pont De Nemours And Co opened for trading at $69 and hit $69.96 on the upside on Friday, eventually ending the session at $69.78, with a gain of 0.48% or 0.33 points. The heightened volatility saw the trading volume jump to 25,24,020 shares. Company has a market cap of $61,010 M.

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.

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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