Bridges Investment Counsel Inc. increased its position in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 600.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,491 shares of the basic materials company’s stock after buying an additional 41,570 shares during the period. Bridges Investment Counsel Inc.’s holdings in E.I. du Pont de Nemours and were worth $3,914,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. increased its stake in E.I. du Pont de Nemours and by 0.4% in the first quarter. Lee Danner & Bass Inc. now owns 4,570 shares of the basic materials company’s stock worth $367,000 after buying an additional 19 shares during the period. Vaughan David Investments Inc. IL raised its stake in E.I. du Pont de Nemours and by 0.4% in the first quarter. Vaughan David Investments Inc. IL now owns 7,281 shares of the basic materials company’s stock worth $585,000 after buying an additional 26 shares during the period. Berkeley Capital Partners LLC raised its stake in E.I. du Pont de Nemours and by 0.4% in the first quarter. Berkeley Capital Partners LLC now owns 6,420 shares of the basic materials company’s stock worth $516,000 after buying an additional 27 shares during the period. Advantage Investment Management LLC raised its stake in E.I. du Pont de Nemours and by 2.0% in the first quarter. Advantage Investment Management LLC now owns 1,705 shares of the basic materials company’s stock worth $137,000 after buying an additional 33 shares during the period. Finally, Westover Capital Advisors LLC raised its stake in E.I. du Pont de Nemours and by 0.7% in the first quarter. Westover Capital Advisors LLC now owns 5,522 shares of the basic materials company’s stock worth $444,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 71.18% of the company’s stock.

Shares of E.I. du Pont de Nemours and Company (DD) traded up 0.37% during midday trading on Monday, reaching $81.27. The company had a trading volume of 647,996 shares. The company has a 50 day moving average price of $82.68 and a 200-day moving average price of $80.21. The firm has a market capitalization of $70.53 billion, a P/E ratio of 31.75 and a beta of 1.76. E.I. du Pont de Nemours and Company has a one year low of $66.02 and a one year high of $86.36.

E.I. du Pont de Nemours and (NYSE:DD) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The firm had revenue of $7.42 billion during the quarter, compared to analyst estimates of $7.28 billion. E.I. du Pont de Nemours and had a net margin of 8.86% and a return on equity of 31.23%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 EPS. On average, analysts anticipate that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.88%. E.I. du Pont de Nemours and’s dividend payout ratio (DPR) is currently 59.38%.

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A number of research firms have issued reports on DD. BidaskClub lowered E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Tuesday, June 27th. Royal Bank Of Canada restated a “sector perform” rating and set a $86.00 target price (up previously from $78.00) on shares of E.I. du Pont de Nemours and in a research report on Wednesday, April 26th. Finally, Deutsche Bank AG restated a “buy” rating and set a $95.00 target price (up previously from $90.00) on shares of E.I. du Pont de Nemours and in a research report on Saturday, April 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. E.I. du Pont de Nemours and presently has an average rating of “Hold” and an average price target of $81.15.

E.I. du Pont de Nemours and Company Profile

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.

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Institutional Ownership by Quarter for E.I. du Pont de Nemours and (NYSE:DD)

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