Forsta AP Fonden cut its stake in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 260,564 shares of the basic materials company’s stock after selling 2,600 shares during the period. Forsta AP Fonden’s holdings in E.I. du Pont de Nemours and were worth $21,030,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in DD. Lee Danner & Bass Inc. raised its stake in E.I. du Pont de Nemours and by 0.4% in the first quarter. Lee Danner & Bass Inc. now owns 4,570 shares of the basic materials company’s stock valued at $367,000 after buying an additional 19 shares during the last quarter. Vaughan David Investments Inc. IL raised its stake in E.I. du Pont de Nemours and by 0.4% in the first quarter. Vaughan David Investments Inc. IL now owns 7,281 shares of the basic materials company’s stock valued at $585,000 after buying an additional 26 shares during the last quarter. Berkeley Capital Partners LLC raised its stake in E.I. du Pont de Nemours and by 0.4% in the first quarter. Berkeley Capital Partners LLC now owns 6,420 shares of the basic materials company’s stock valued at $516,000 after buying an additional 27 shares during the last quarter. Advantage Investment Management LLC raised its stake in E.I. du Pont de Nemours and by 2.0% in the first quarter. Advantage Investment Management LLC now owns 1,705 shares of the basic materials company’s stock valued at $137,000 after buying an additional 33 shares during the last quarter. Finally, Westover Capital Advisors LLC raised its stake in E.I. du Pont de Nemours and by 0.7% in the first quarter. Westover Capital Advisors LLC now owns 5,522 shares of the basic materials company’s stock valued at $444,000 after buying an additional 36 shares during the last quarter. 71.23% of the stock is owned by institutional investors and hedge funds.

E.I. du Pont de Nemours and Company (NYSE DD) traded up 0.20% on Friday, hitting $80.97. 1,947,088 shares of the stock traded hands. 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 firm’s 50 day moving average is $82.68 and its 200 day moving average is $80.21. The stock has a market cap of $70.27 billion, a price-to-earnings ratio of 31.63 and a beta of 1.76.

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, 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 business 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 company earned $1.24 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Equities analysts anticipate that E.I. du Pont de Nemours and Company will post $3.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio (DPR) is 59.38%.

TRADEMARK VIOLATION WARNING: “Forsta AP Fonden Has $21.03 Million Position in E.I. du Pont de Nemours and Company (DD)” was reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2017/08/12/forsta-ap-fonden-has-21-03-million-position-in-e-i-du-pont-de-nemours-and-company-dd.html.

A number of research firms have weighed in on DD. BidaskClub lowered shares of E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. 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 target price for the company in a research report on Tuesday, June 27th. Royal Bank Of Canada reissued a “sector perform” rating and set a $86.00 target price (up previously from $78.00) on shares of E.I. du Pont de Nemours and in a research report on Wednesday, April 26th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $95.00 target price (up previously from $90.00) on shares of E.I. du Pont de Nemours and in a research report on Saturday, April 29th. One research 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. The company has an average rating of “Hold” and an average 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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