Washington Trust Bank reduced its position in shares of E.I. du Pont de Nemours and Company (NYSE:DD) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,560 shares of the basic materials company’s stock after selling 37 shares during the period. Washington Trust Bank’s holdings in E.I. du Pont de Nemours and were worth $207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC boosted its position in shares of E.I. du Pont de Nemours and by 3.6% in the first quarter. Private Advisor Group LLC now owns 76,601 shares of the basic materials company’s stock worth $6,164,000 after buying an additional 2,667 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of E.I. du Pont de Nemours and by 1.3% in the first quarter. Russell Investments Group Ltd. now owns 1,509,239 shares of the basic materials company’s stock worth $121,220,000 after buying an additional 18,971 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its position in shares of E.I. du Pont de Nemours and by 4.4% in the first quarter. Beese Fulmer Investment Management Inc. now owns 35,413 shares of the basic materials company’s stock worth $2,845,000 after buying an additional 1,498 shares in the last quarter. First Foundation Advisors bought a new position in shares of E.I. du Pont de Nemours and during the first quarter worth approximately $785,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of E.I. du Pont de Nemours and by 8.5% in the first quarter. Janney Montgomery Scott LLC now owns 270,865 shares of the basic materials company’s stock worth $21,759,000 after buying an additional 21,207 shares in the last quarter. Hedge funds and other institutional investors own 71.18% of the company’s stock.

E.I. du Pont de Nemours and Company (DD) traded up 0.40% during trading on Friday, hitting $81.18. The stock had a trading volume of 1,952,437 shares. 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 company has a market cap of $70.45 billion, a PE ratio of 31.71 and a beta of 1.76. The stock has a 50-day moving average price of $82.75 and a 200-day moving average price of $80.37.

E.I. du Pont de Nemours and (NYSE:DD) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $7.28 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. The company’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 year.

The company 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. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. 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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DD has been the topic of a number of recent research reports. BidaskClub upgraded 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 E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Tuesday, June 27th. Deutsche Bank AG reaffirmed 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 report on Saturday, April 29th. Finally, Royal Bank Of Canada reaffirmed 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 report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $81.15.

In other news, SVP Benito Cachinero sold 10,621 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $81.67, for a total transaction of $867,417.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

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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