Pentwater Capital Management LP purchased a new position in shares of E.I. du Pont de Nemours and Company (NYSE:DD) during the first quarter, Holdings Channel reports. The firm purchased 1,600,000 shares of the basic materials company’s stock, valued at approximately $128,528,000. E.I. du Pont de Nemours and comprises approximately 1.6% of Pentwater Capital Management LP’s investment portfolio, making the stock its 10th largest position.

Other institutional investors have also recently modified their holdings of the company. Doyle Wealth Management purchased a new position in shares of E.I. du Pont de Nemours and during the first quarter worth about $304,000. Iowa State Bank raised its position in shares of E.I. du Pont de Nemours and by 0.7% in the first quarter. Iowa State Bank now owns 45,270 shares of the basic materials company’s stock worth $3,637,000 after buying an additional 315 shares during the last quarter. Tompkins Financial Corp raised its position in shares of E.I. du Pont de Nemours and by 85.0% in the first quarter. Tompkins Financial Corp now owns 12,394 shares of the basic materials company’s stock worth $785,000 after buying an additional 5,695 shares during the last quarter. Eastern Bank raised its position in shares of 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 worth $2,080,000 after buying an additional 2,772 shares during the last quarter. Finally, Cornerstone Financial Partners LLC purchased a new position in shares of E.I. du Pont de Nemours and during the first quarter worth about $208,000. 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 0.20% during midday trading on Friday, hitting $80.97. The stock had a trading volume of 1,947,088 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 company has a market cap of $70.27 billion, a P/E ratio of 31.63 and a beta of 1.76. The stock’s 50-day moving average is $82.68 and its 200-day moving average is $80.21.

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, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.28 billion. During the same quarter in the previous year, the business earned $1.24 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis 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 dividend payout ratio is presently 59.38%.

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A number of equities analysts have issued reports on the company. BidaskClub lowered E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $86.00 price target (up from $78.00) on shares of E.I. du Pont de Nemours and in a research note on Wednesday, April 26th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price target (up from $90.00) on shares of E.I. du Pont de Nemours and in a research note on Saturday, April 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average 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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