Congress Asset Management Co. MA increased its stake in E.I. du Pont de Nemours and Company (NYSE:DD) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,013 shares of the basic materials company’s stock after buying an additional 684 shares during the period. Congress Asset Management Co. MA’s holdings in E.I. du Pont de Nemours and were worth $12,027,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in DD. Private Advisor Group LLC raised its position in 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 valued at $6,164,000 after buying an additional 2,667 shares during the last quarter. Russell Investments Group Ltd. raised its position in 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 valued at $121,220,000 after buying an additional 18,971 shares during the last quarter. First Foundation Advisors acquired a new position in E.I. du Pont de Nemours and during the first quarter valued at approximately $785,000. Howland Capital Management LLC raised its position in E.I. du Pont de Nemours and by 0.3% in the second quarter. Howland Capital Management LLC now owns 81,833 shares of the basic materials company’s stock valued at $6,605,000 after buying an additional 240 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in 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 valued at $21,759,000 after buying an additional 21,207 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Shares of E.I. du Pont de Nemours and Company (NYSE DD) opened at 83.19 on Thursday. E.I. du Pont de Nemours and Company has a 1-year low of $66.02 and a 1-year high of $86.36. The stock has a market cap of $72.19 billion, a price-to-earnings ratio of 32.50 and a beta of 1.76. The stock’s 50 day moving average is $82.86 and its 200-day moving average is $80.60.

E.I. du Pont de Nemours and (NYSE:DD) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $7.28 billion. E.I. du Pont de Nemours and had a return on equity of 31.23% and a net margin of 8.86%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS. On average, analysts anticipate that E.I. du Pont de Nemours and Company will post $3.91 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.52 annualized dividend and a yield of 1.83%. E.I. du Pont de Nemours and’s payout ratio is currently 59.38%.

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DD has been the topic of several research reports. 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 target on the stock in a report on Tuesday, June 27th. BidaskClub upgraded shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $96.00 price target on shares of E.I. du Pont de Nemours and in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $81.25.

In related news, SVP Benito Cachinero sold 10,621 shares of E.I. du Pont de Nemours and stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $81.67, for a total transaction of $867,417.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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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