Sterling Capital Management LLC Cuts Stake in E I Du Pont De Nemours And Co (DD)

Sterling Capital Management LLC decreased its holdings in E I Du Pont De Nemours And Co (NYSE:DD) by 19.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,966 shares of the basic materials company’s stock after selling 28,164 shares during the period. Sterling Capital Management LLC’s holdings in E I Du Pont De Nemours And Co were worth $9,198,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Reilly Financial Advisors LLC boosted its position in E I Du Pont De Nemours And Co by 61.1% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,319 shares of the basic materials company’s stock valued at $106,000 after buying an additional 500 shares during the period. Invictus RG purchased a new stake in E I Du Pont De Nemours And Co during the 1st quarter valued at $116,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in E I Du Pont De Nemours And Co during the 1st quarter valued at $142,000. Pathstone Family Office LLC purchased a new stake in E I Du Pont De Nemours And Co during the 1st quarter valued at $145,000. Finally, Acrospire Investment Management LLC boosted its position in E I Du Pont De Nemours And Co by 38.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,800 shares of the basic materials company’s stock valued at $145,000 after buying an additional 500 shares during the period. 71.21% of the stock is owned by institutional investors.

Shares of E I Du Pont De Nemours And Co (NYSE:DD) traded up $0.74 during midday trading on Monday, reaching $83.93. 34,861,000 shares of the company’s stock traded hands, compared to its average volume of 2,692,030. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.93 and a quick ratio of 1.46. E I Du Pont De Nemours And Co has a 1-year low of $66.02 and a 1-year high of $86.36.

Several equities research analysts have weighed in on the stock. Morgan Stanley reissued a “buy” rating and set a $77.00 price target on shares of E I Du Pont De Nemours And Co in a research report on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating and set a $96.00 price target on shares of E I Du Pont De Nemours And Co in a research report on Tuesday, August 29th. Zacks Investment Research cut shares of E I Du Pont De Nemours And Co from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, BidaskClub cut shares of E I Du Pont De Nemours And Co from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $81.86.

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About E I Du Pont De Nemours And Co

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.

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Institutional Ownership by Quarter for E I Du Pont De Nemours And Co (NYSE:DD)

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