HM Payson & Co. cut its position in E.I. du Pont de Nemours and Company (NYSE:DD) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 77,681 shares of the basic materials company’s stock after selling 627 shares during the period. HM Payson & Co.’s holdings in E.I. du Pont de Nemours and were worth $6,240,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Private Advisor Group LLC increased its stake in shares of E.I. du Pont de Nemours and by 3.6% in the first quarter. Private Advisor Group LLC now owns 76,601 shares of the basic materials company’s stock worth $6,164,000 after buying an additional 2,667 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of E.I. du Pont de Nemours and by 1.3% in the first quarter. Russell Investments Group Ltd. now owns 1,509,239 shares of the basic materials company’s stock worth $121,220,000 after buying an additional 18,971 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its stake in shares of E.I. du Pont de Nemours and by 4.4% in the first quarter. Beese Fulmer Investment Management Inc. now owns 35,413 shares of the basic materials company’s stock worth $2,845,000 after buying an additional 1,498 shares during the last quarter. First Foundation Advisors acquired a new stake in shares of E.I. du Pont de Nemours and during the first quarter worth $785,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of E.I. du Pont de Nemours and by 8.5% in the first quarter. Janney Montgomery Scott LLC now owns 270,865 shares of the basic materials company’s stock worth $21,759,000 after buying an additional 21,207 shares during the last quarter. 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 0.18% during midday trading on Tuesday, reaching $81.30. The company’s stock had a trading volume of 538,407 shares. The stock has a 50-day moving average price of $82.69 and a 200-day moving average price of $80.29. The stock has a market cap of $70.55 billion, a price-to-earnings ratio of 31.76 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.

E.I. du Pont de Nemours and (NYSE:DD) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. E.I. du Pont de Nemours and had a return on equity of 31.23% and a net margin of 8.86%. The firm had revenue of $7.42 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio is currently 59.38%.

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A number of equities research analysts have weighed in on DD shares. Deutsche Bank AG reiterated a “buy” rating and issued a $95.00 target price (up from $90.00) on shares of E.I. du Pont de Nemours and in a report on Saturday, April 29th. Zacks Investment Research upgraded E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Wednesday, April 19th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $86.00 target price (up from $78.00) on shares of E.I. du Pont de Nemours and in a report on Wednesday, April 26th. Finally, BidaskClub upgraded E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price 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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