Tower Bridge Advisors lowered its position in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,039 shares of the basic materials company’s stock after selling 4,200 shares during the period. Tower Bridge Advisors’ holdings in E.I. du Pont de Nemours and were worth $3,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Congress Asset Management Co. MA increased its position in E.I. du Pont de Nemours and by 0.5% in the second quarter. Congress Asset Management Co. MA now owns 149,013 shares of the basic materials company’s stock worth $12,027,000 after buying an additional 684 shares during the period. Lederer & Associates Investment Counsel CA increased its position in E.I. du Pont de Nemours and by 2.9% in the second quarter. Lederer & Associates Investment Counsel CA now owns 21,255 shares of the basic materials company’s stock worth $1,715,000 after buying an additional 600 shares during the period. Howland Capital Management LLC increased its position in E.I. du Pont de Nemours and by 0.3% in the second quarter. Howland Capital Management LLC now owns 81,833 shares of the basic materials company’s stock worth $6,605,000 after buying an additional 240 shares during the period. Personal Capital Advisors Corp increased its position in E.I. du Pont de Nemours and by 4.4% in the second quarter. Personal Capital Advisors Corp now owns 389,757 shares of the basic materials company’s stock worth $31,457,000 after buying an additional 16,460 shares during the period. Finally, Boston Advisors LLC increased its position in shares of E.I. du Pont de Nemours and by 17.3% in the second quarter. Boston Advisors LLC now owns 7,845 shares of the basic materials company’s stock worth $633,000 after buying an additional 1,156 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of E.I. du Pont de Nemours and Company (NYSE:DD) opened at 83.93 on Friday. The firm’s 50-day moving average is $82.87 and its 200 day moving average is $80.79. E.I. du Pont de Nemours and Company has a 52-week low of $66.02 and a 52-week high of $86.36. The stock has a market cap of $72.83 billion, a P/E ratio of 32.79 and a beta of 1.76.

E.I. du Pont de Nemours and (NYSE:DD) last released its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter last year, the company earned $1.24 earnings per share. E.I. du Pont de Nemours and’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio (DPR) is presently 59.38%.

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DD has been the topic of a number of analyst reports. 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 objective on the stock in a research report on Tuesday, June 27th. BidaskClub raised shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $96.00 price objective on shares of E.I. du Pont de Nemours and in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $81.25.

In other news, SVP Benito Cachinero sold 10,621 shares of E.I. du Pont de Nemours and stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $81.67, for a total transaction of $867,417.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

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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