Pioneer Investment Management Inc. increased its stake in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 64.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,029 shares of the basic materials company’s stock after buying an additional 17,598 shares during the period. Pioneer Investment Management Inc.’s holdings in E.I. du Pont de Nemours and were worth $3,617,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in E.I. du Pont de Nemours and by 8.3% in the first quarter. Wells Fargo & Company MN now owns 6,785,476 shares of the basic materials company’s stock valued at $545,078,000 after buying an additional 519,013 shares in the last quarter. Norges Bank acquired a new position in E.I. du Pont de Nemours and during the fourth quarter valued at $302,896,000. Swiss National Bank increased its position in E.I. du Pont de Nemours and by 25.5% in the first quarter. Swiss National Bank now owns 3,207,591 shares of the basic materials company’s stock valued at $257,666,000 after buying an additional 651,900 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in E.I. du Pont de Nemours and by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,567,113 shares of the basic materials company’s stock valued at $206,216,000 after buying an additional 18,442 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in E.I. du Pont de Nemours and by 3.2% in the first quarter. TD Asset Management Inc. now owns 2,389,329 shares of the basic materials company’s stock valued at $191,935,000 after buying an additional 73,079 shares in the last quarter. 71.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of E.I. du Pont de Nemours and Company (NYSE DD) traded up 0.84% during midday trading on Friday, hitting $82.01. 2,243,651 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $82.93 and its 200 day moving average price is $79.88. 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 firm has a market cap of $71.17 billion, a PE ratio of 32.04 and a beta of 1.76.

E.I. du Pont de Nemours and (NYSE:DD) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.09. The business had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.28 billion. E.I. du Pont de Nemours and had a net margin of 8.86% and a return on equity of 31.23%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 EPS. Equities research analysts forecast that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.52 annualized dividend and a dividend yield of 1.85%. E.I. du Pont de Nemours and’s payout ratio is currently 59.38%.

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Several equities analysts have recently weighed in on DD shares. BidaskClub raised shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Tuesday, June 27th. Deutsche Bank AG restated a “buy” rating and set a $95.00 price objective (up from $90.00) on shares of E.I. du Pont de Nemours and in a research report on Saturday, April 29th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $86.00 price objective (up from $78.00) on shares of E.I. du Pont de Nemours and in a research report on Wednesday, April 26th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” 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.

Institutional Ownership by Quarter for E.I. du Pont de Nemours and (NYSE:DD)

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