Grandfield & Dodd LLC Raises Position in E I Du Pont De Nemours And Co (DD)

Grandfield & Dodd LLC raised its holdings in shares of E I Du Pont De Nemours And Co (NYSE:DD) by 0.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,267 shares of the basic materials company’s stock after buying an additional 117 shares during the period. Grandfield & Dodd LLC’s holdings in E I Du Pont De Nemours And were worth $1,878,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in E I Du Pont De Nemours And by 2.9% during the first quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock worth $4,866,447,000 after buying an additional 1,685,604 shares in the last quarter. BlackRock Inc. boosted its holdings in E I Du Pont De Nemours And by 2,719.5% during the first quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock worth $4,392,942,000 after buying an additional 52,746,611 shares in the last quarter. FMR LLC boosted its holdings in E I Du Pont De Nemours And by 5.9% during the first quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock worth $2,600,423,000 after buying an additional 1,813,187 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in E I Du Pont De Nemours And by 36.6% during the first quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock worth $1,448,235,000 after buying an additional 4,825,726 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in E I Du Pont De Nemours And by 15.9% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,343,994 shares of the basic materials company’s stock worth $750,603,000 after buying an additional 1,281,358 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

In related news, SVP Benito Cachinero sold 10,621 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by insiders.

A number of analysts recently weighed in on DD shares. Jefferies Group LLC restated a “buy” rating and set a $96.00 target price 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 $92.00 target price for the company in a report on Tuesday, August 22nd. 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, Morgan Stanley restated a “buy” rating and set a $77.00 target price on shares of E I Du Pont De Nemours And in a report on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $80.89.

Shares of E I Du Pont De Nemours And Co (NYSE DD) opened at 83.93 on Friday. The stock has a market cap of $72.83 billion, a P/E ratio of 32.79 and a beta of 1.76. E I Du Pont De Nemours And Co has a 12 month low of $66.02 and a 12 month high of $86.36. The company 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 (NYSE:DD) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.09. The firm 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 net margin of 11.57% and a return on equity of 29.17%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 earnings per share. Equities research analysts expect that E I Du Pont De Nemours And Co will post $3.85 earnings per share for the current fiscal year.

The company also recently disclosed 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. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, July 27th. E I Du Pont De Nemours And’s dividend payout ratio is currently 59.38%.

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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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