Covington Capital Management lessened its holdings in E I Du Pont De Nemours And Co (NYSE:DD) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,592 shares of the basic materials company’s stock after selling 950 shares during the period. Covington Capital Management’s holdings in E I Du Pont De Nemours And were worth $5,430,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DD. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in E I Du Pont De Nemours And by 7.2% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 13,940 shares of the basic materials company’s stock worth $1,120,000 after acquiring an additional 940 shares during the period. Flagship Harbor Advisors LLC raised its holdings in E I Du Pont De Nemours And by 12.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 14,816 shares of the basic materials company’s stock worth $1,190,000 after acquiring an additional 1,613 shares during the period. Caxton Associates LP bought a new position in E I Du Pont De Nemours And in the 1st quarter worth $4,820,000. Westover Capital Advisors LLC raised its holdings in E I Du Pont De Nemours And by 0.7% in the 1st quarter. Westover Capital Advisors LLC now owns 5,522 shares of the basic materials company’s stock worth $444,000 after acquiring an additional 36 shares during the period. Finally, Paloma Partners Management Co bought a new position in E I Du Pont De Nemours And in the 1st quarter worth $8,366,000. 71.21% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have recently issued reports on DD shares. BidaskClub upgraded shares of E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Jefferies Group LLC restated a “buy” rating and set a $96.00 price objective on shares of E I Du Pont De Nemours And in a report on Tuesday, August 29th. 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 on the stock in a report on Tuesday, June 27th. Finally, Morgan Stanley restated a “buy” rating and set a $77.00 price objective on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. E I Du Pont De Nemours And currently has an average rating of “Buy” and an average price target of $80.89.

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 shares were sold at an average price of $81.67, for a total transaction of $867,417.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

E I Du Pont De Nemours And Co (NYSE DD) remained flat at $83.93 during mid-day trading on Monday. 34,861,021 shares of the stock were exchanged. The stock has a 50-day moving average of $82.87 and a 200 day moving average of $80.79. E I Du Pont De Nemours And Co has a one year low of $66.02 and a one year high of $86.36. The stock has a market cap of $72.83 billion, a PE ratio of 32.79 and a beta of 1.76.

E I Du Pont De Nemours And (NYSE:DD) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 EPS 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 11.57% and a return on equity of 29.17%. The business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same period last year, the company earned $1.24 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that E I Du Pont De Nemours And Co will post $3.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, July 31st will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.52 annualized dividend and a yield of 1.81%. E I Du Pont De Nemours And’s dividend payout ratio is presently 59.38%.

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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