Jacobi Capital Management LLC raised its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 96.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,048 shares of the basic materials company’s stock after buying an additional 1,986 shares during the period. Jacobi Capital Management LLC’s holdings in E.I. du Pont de Nemours and were worth $326,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DD. Private Advisor Group LLC raised its position in 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 valued at $6,164,000 after buying an additional 2,667 shares in the last quarter. Russell Investments Group Ltd. raised its position in 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 valued at $121,220,000 after buying an additional 18,971 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its position in 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 valued at $2,845,000 after buying an additional 1,498 shares in the last quarter. First Foundation Advisors acquired a new position in E.I. du Pont de Nemours and during the first quarter valued at $785,000. Finally, Janney Montgomery Scott LLC raised its position in 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 valued at $21,759,000 after buying an additional 21,207 shares in the last quarter. Hedge funds and other institutional investors own 71.18% of the company’s stock.

E.I. du Pont de Nemours and Company (DD) traded down 0.06% during mid-day trading on Wednesday, hitting $81.53. The company had a trading volume of 407,957 shares. E.I. du Pont de Nemours and Company has a 12-month low of $66.02 and a 12-month high of $86.36. The firm has a market capitalization of $70.75 billion, a PE ratio of 31.85 and a beta of 1.76. The company’s 50 day moving average price is $82.70 and its 200-day moving average price is $80.32.

E.I. du Pont de Nemours and (NYSE:DD) last announced its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ 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 quarter last year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts forecast that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.52 annualized dividend and a yield of 1.86%. E.I. du Pont de Nemours and’s payout ratio is 59.38%.

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DD has been the topic of several recent analyst reports. Deutsche Bank AG reiterated a “buy” rating and set 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 on the stock in a report on Wednesday, April 19th. Royal Bank Of Canada reiterated a “sector perform” rating and set 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus 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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