Piedmont Investment Advisors LLC increased its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,601 shares of the basic materials company’s stock after buying an additional 1,591 shares during the period. Piedmont Investment Advisors LLC’s holdings in E.I. du Pont de Nemours and were worth $14,909,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prospera Financial Services Inc acquired a new stake in E.I. du Pont de Nemours and during the first quarter valued at about $208,000. Atria Investments LLC boosted its stake in E.I. du Pont de Nemours and by 28.2% in the first quarter. Atria Investments LLC now owns 23,183 shares of the basic materials company’s stock valued at $1,862,000 after buying an additional 5,102 shares during the last quarter. First National Bank & Trust Co. of Newtown boosted its stake in E.I. du Pont de Nemours and by 1.0% in the first quarter. First National Bank & Trust Co. of Newtown now owns 28,717 shares of the basic materials company’s stock valued at $2,307,000 after buying an additional 290 shares during the last quarter. Cornerstone Financial Partners LLC acquired a new stake in E.I. du Pont de Nemours and during the first quarter valued at about $208,000. Finally, Eastern Bank boosted its stake in E.I. du Pont de Nemours and by 12.0% in the first quarter. Eastern Bank now owns 25,906 shares of the basic materials company’s stock valued at $2,080,000 after buying an additional 2,772 shares during 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 (NYSE:DD) traded down 0.06% during mid-day trading on Wednesday, reaching $81.53. The company’s stock had a trading volume of 408,066 shares. E.I. du Pont de Nemours and Company has a one year low of $66.02 and a one year high of $86.36. The stock has a market cap of $70.75 billion, a P/E ratio of 31.85 and a beta of 1.76. The firm’s 50 day moving average is $82.70 and its 200-day moving average is $80.32.

E.I. du Pont de Nemours and (NYSE:DD) last issued its 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 business 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 company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.24 earnings per share. Equities analysts expect that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current fiscal year.

The business 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 dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio (DPR) is presently 59.38%.

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Several research firms recently issued reports on DD. BidaskClub raised E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research cut E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Deutsche Bank AG reissued 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 research note on Saturday, April 29th. Finally, Royal Bank Of Canada reissued 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 research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently 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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