DF Dent & Co. Inc. cut its position in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 22.2% during the first quarter, Holdings Channel reports. The fund owned 3,518 shares of the basic materials company’s stock after selling 1,005 shares during the period. DF Dent & Co. Inc.’s holdings in E.I. du Pont de Nemours and were worth $283,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of E.I. du Pont de Nemours and by 2,719.5% in the first quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock worth $4,392,942,000 after buying an additional 52,746,611 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of E.I. du Pont de Nemours and by 36.6% in the first quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock worth $1,448,235,000 after buying an additional 4,825,726 shares during the last quarter. FMR LLC boosted its stake in shares of E.I. du Pont de Nemours and by 5.9% in the first quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock worth $2,600,423,000 after buying an additional 1,813,187 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of E.I. du Pont de Nemours and by 2.9% in the first quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock worth $4,866,447,000 after buying an additional 1,685,604 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of E.I. du Pont de Nemours and by 15.9% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,343,994 shares of the basic materials company’s stock worth $750,603,000 after buying an additional 1,281,358 shares during the last quarter. 71.23% of the stock is currently owned by institutional investors.

Shares of E.I. du Pont de Nemours and Company (NYSE:DD) traded up 0.25% on Friday, hitting $81.01. 403,442 shares of the stock traded hands. The stock has a market cap of $70.30 billion, a price-to-earnings ratio of 31.64 and a beta of 1.76. The stock has a 50 day moving average price of $82.69 and a 200-day moving average price of $80.15. E.I. du Pont de Nemours and Company has a 52 week low of $66.02 and a 52 week high of $86.36.

E.I. du Pont de Nemours and (NYSE:DD) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.09. The firm had revenue of $7.42 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 EPS. On average, equities research analysts forecast that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current year.

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

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Several research analysts have weighed in on DD shares. Zacks Investment Research raised shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Wednesday, April 19th. Deutsche Bank AG reissued a “buy” rating and issued a $95.00 price target (up from $90.00) on shares of E.I. du Pont de Nemours and in a report on Saturday, April 29th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $86.00 price target (up from $78.00) on shares of E.I. du Pont de Nemours and in a report on Wednesday, April 26th. Finally, BidaskClub cut shares of E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus 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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