Ipswich Investment Management Co. Inc. increased its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 7.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,279 shares of the basic materials company’s stock after buying an additional 600 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in E.I. du Pont de Nemours and were worth $668,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Architects Inc raised its stake in E.I. du Pont de Nemours and by 18.2% in the first quarter. Financial Architects Inc now owns 1,292 shares of the basic materials company’s stock worth $103,000 after buying an additional 199 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in E.I. du Pont de Nemours and during the first quarter worth approximately $104,000. Reilly Financial Advisors LLC raised its stake in E.I. du Pont de Nemours and by 61.1% in the second quarter. Reilly Financial Advisors LLC now owns 1,319 shares of the basic materials company’s stock worth $106,000 after buying an additional 500 shares in the last quarter. Invictus RG acquired a new stake in E.I. du Pont de Nemours and during the first quarter worth approximately $116,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in E.I. du Pont de Nemours and during the first quarter worth approximately $125,000. Hedge funds and other institutional investors own 71.23% of the company’s stock.

Shares of E.I. du Pont de Nemours and Company (DD) traded up 0.45% during trading on Friday, reaching $81.17. 1,057,411 shares of the company were exchanged. The firm has a market cap of $70.44 billion, a price-to-earnings ratio of 31.71 and a beta of 1.76. E.I. du Pont de Nemours and Company has a 52-week low of $66.02 and a 52-week high of $86.36. The stock’s 50-day moving average is $82.69 and its 200-day moving average is $80.15.

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 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.09. E.I. du Pont de Nemours and had a net margin of 8.86% and a return on equity of 31.23%. The business had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $7.28 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts predict that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current fiscal year.

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

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A number of analysts have commented on the stock. BidaskClub raised shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research lowered shares of E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Deutsche Bank AG reaffirmed 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 report on Saturday, April 29th. Finally, Royal Bank Of Canada reaffirmed 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 report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $81.15.

About E.I. du Pont de Nemours and

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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