Union Bankshares Corp trimmed its stake in E I Du Pont De Nemours And Co (NYSE:DD) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,226 shares of the basic materials company’s stock after selling 124 shares during the quarter. Union Bankshares Corp’s holdings in E I Du Pont De Nemours And were worth $341,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Arvest Bank Trust Division boosted its holdings in E I Du Pont De Nemours And by 1.5% in the second quarter. Arvest Bank Trust Division now owns 174,244 shares of the basic materials company’s stock worth $14,064,000 after acquiring an additional 2,586 shares in the last quarter. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of E I Du Pont De Nemours And by 206.6% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 9,666 shares of the basic materials company’s stock valued at $780,000 after purchasing an additional 6,513 shares in the last quarter. Pennsylvania Trust Co lifted its holdings in shares of E I Du Pont De Nemours And by 35.2% during the second quarter. Pennsylvania Trust Co now owns 154,840 shares of the basic materials company’s stock valued at $12,503,000 after purchasing an additional 40,349 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of E I Du Pont De Nemours And by 0.5% during the second quarter. Bank of Montreal Can now owns 1,494,888 shares of the basic materials company’s stock valued at $120,652,000 after purchasing an additional 7,104 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its holdings in shares of E I Du Pont De Nemours And by 1.7% during the second quarter. Confluence Investment Management LLC now owns 999,516 shares of the basic materials company’s stock valued at $80,671,000 after purchasing an additional 17,176 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

E I Du Pont De Nemours And Co (NYSE DD) remained flat at $83.93 during mid-day trading on Friday. 34,861,021 shares of the company’s stock were exchanged. The company has a market capitalization of $72.83 billion, a price-to-earnings ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And Co has a 52-week low of $66.02 and a 52-week high of $86.36. The stock has a 50 day moving average of $82.87 and a 200-day moving average of $80.79.

E I Du Pont De Nemours And (NYSE:DD) last issued its quarterly 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. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The company had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.28 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that E I Du Pont De Nemours And Co will post $3.85 EPS for the current fiscal year.

The company 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 dividend of $0.38 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. E I Du Pont De Nemours And’s dividend payout ratio is currently 59.38%.

DD has been the topic of a number of research analyst reports. Zacks Investment Research downgraded E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Morgan Stanley reaffirmed a “buy” rating and set a $77.00 price target on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $96.00 price target on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. Finally, BidaskClub downgraded E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $80.89.

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

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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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