Oppenheimer Asset Management Inc. bought a new stake in E.I. du Pont de Nemours and Company (NYSE:DD) during the first quarter, according to its most recent filing with the SEC. The institutional investor bought 183,187 shares of the basic materials company’s stock, valued at approximately $14,715,000.

Several other institutional investors have also recently bought and sold shares of DD. National Pension Service boosted its position in E.I. du Pont de Nemours and by 5.0% in the first quarter. National Pension Service now owns 617,000 shares of the basic materials company’s stock valued at $50,372,000 after buying an additional 29,488 shares in the last quarter. Carroll Financial Associates Inc. boosted its stake in E.I. du Pont de Nemours and by 36.7% in the first quarter. Carroll Financial Associates Inc. now owns 18,736 shares of the basic materials company’s stock worth $1,505,000 after buying an additional 5,035 shares during the period. Private Capital Advisors Inc. bought a new stake in E.I. du Pont de Nemours and during the first quarter worth approximately $217,000. Bank of Montreal Can boosted its stake in E.I. du Pont de Nemours and by 132.6% in the first quarter. Bank of Montreal Can now owns 1,487,784 shares of the basic materials company’s stock worth $119,512,000 after buying an additional 848,209 shares during the period. Finally, Regentatlantic Capital LLC boosted its stake in E.I. du Pont de Nemours and by 0.5% in the first quarter. Regentatlantic Capital LLC now owns 38,793 shares of the basic materials company’s stock worth $3,116,000 after buying an additional 204 shares during the period. 71.23% of the stock is currently owned by hedge funds and other institutional investors.

E.I. du Pont de Nemours and Company (DD) traded down 0.65% on Thursday, reaching $80.80. 475,813 shares of the company were exchanged. The firm has a market capitalization of $70.12 billion, a P/E ratio of 31.56 and a beta of 1.76. 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 50-day moving average of $82.70 and a 200 day moving average of $80.15.

E.I. du Pont de Nemours and (NYSE:DD) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.09. The company had revenue of $7.42 billion for the quarter, compared to the consensus estimate 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 firm’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 earnings per share. On average, equities analysts predict that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be given a $0.38 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.52 annualized dividend and a yield of 1.87%. E.I. du Pont de Nemours and’s payout ratio is presently 59.38%.

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DD has been the topic of a number of research reports. 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 raised shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Tuesday, June 27th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $95.00 price target (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 issued a $86.00 price target (up previously from $78.00) on shares of E.I. du Pont de Nemours and in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. E.I. du Pont de Nemours and has a consensus rating of “Hold” and a consensus 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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