Granite Investment Advisors LLC grew its position in shares of E I Du Pont De Nemours And Co (NYSE:DD) by 10.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,238 shares of the basic materials company’s stock after purchasing an additional 409 shares during the quarter. Granite Investment Advisors LLC’s holdings in E I Du Pont De Nemours And were worth $362,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DD. BlackRock Inc. increased its position in shares of E I Du Pont De Nemours And by 2,719.5% during the 1st quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock valued at $4,392,942,000 after purchasing an additional 52,746,611 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of E I Du Pont De Nemours And by 36.6% during the 1st quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock valued at $1,448,235,000 after purchasing an additional 4,825,726 shares during the last quarter. FMR LLC increased its position in shares of E I Du Pont De Nemours And by 5.9% during the 1st quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock valued at $2,600,423,000 after purchasing an additional 1,813,187 shares during the last quarter. Vanguard Group Inc. increased its position in shares of E I Du Pont De Nemours And by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock valued at $4,866,447,000 after purchasing an additional 1,685,604 shares during the last quarter. Finally, Pentwater Capital Management LP bought a new position in shares of E I Du Pont De Nemours And during the 1st quarter valued at about $128,528,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

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Shares of E I Du Pont De Nemours And Co (DD) opened at 83.93 on Friday. The stock has a market capitalization of $72.83 billion, a PE ratio of 32.79 and a beta of 1.76. The company’s 50-day moving average price is $82.87 and its 200 day moving average price is $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.

E I Du Pont De Nemours And (NYSE:DD) last issued 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. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The company had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $7.28 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts anticipate that E I Du Pont De Nemours And Co will post $3.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, July 31st were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.52 annualized dividend and a yield of 1.81%. E I Du Pont De Nemours And’s payout ratio is currently 59.38%.

Several equities analysts have recently commented on DD shares. BidaskClub upgraded E I Du Pont De Nemours And from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research lowered E I Du Pont De Nemours And from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and set a $96.00 price objective on shares of E I Du Pont De Nemours And in a research report on Tuesday, August 29th. Finally, Morgan Stanley reiterated a “buy” rating and set a $77.00 price objective on shares of E I Du Pont De Nemours And in a research report on Wednesday, September 6th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $81.34.

In other E I Du Pont De Nemours And news, SVP Benito Cachinero sold 10,621 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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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