Allen Investment Management LLC increased its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 53.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,419 shares of the basic materials company’s stock after buying an additional 1,548 shares during the period. Allen Investment Management LLC’s holdings in E.I. du Pont de Nemours and were worth $355,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its position in E.I. du Pont de Nemours and by 4.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,729,947 shares of the basic materials company’s stock valued at $219,297,000 after buying an additional 107,301 shares during the last quarter. Brown Advisory Securities LLC boosted its position in E.I. du Pont de Nemours and by 13.9% in the first quarter. Brown Advisory Securities LLC now owns 16,083 shares of the basic materials company’s stock valued at $1,289,000 after buying an additional 1,965 shares during the last quarter. Invictus RG bought a new position in E.I. du Pont de Nemours and during the first quarter valued at approximately $116,000. King Luther Capital Management Corp boosted its position in E.I. du Pont de Nemours and by 3.1% in the first quarter. King Luther Capital Management Corp now owns 1,528,977 shares of the basic materials company’s stock valued at $122,823,000 after buying an additional 46,277 shares during the last quarter. Finally, BlackRock Inc. boosted its position in E.I. du Pont de Nemours and by 2,719.5% in the first quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock valued at $4,392,942,000 after buying an additional 52,746,611 shares during the last quarter. 71.23% of the stock is owned by hedge funds and other institutional investors.

E.I. du Pont de Nemours and Company (DD) traded up 0.217% on Friday, hitting $80.985. The stock had a trading volume of 402,493 shares. The company’s 50-day moving average is $82.70 and its 200-day moving average is $80.15. The stock has a market cap of $70.28 billion, a P/E ratio of 31.635 and a beta of 1.76. E.I. du Pont de Nemours and Company has a one year low of $66.02 and a one year high of $86.36.

E.I. du Pont de Nemours and (NYSE:DD) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, topping the 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 firm had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $7.28 billion. During the same period in the previous year, the company posted $1.24 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate 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 disclosed 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. This represents a $1.52 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, July 27th. E.I. du Pont de Nemours and’s payout ratio is 59.38%.

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Several research firms recently commented on DD. BidaskClub cut E.I. du Pont de Nemours and from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. 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 set 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 set 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus 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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