Raymond James Financial Inc. Buys Shares of 656,567 DuPont de Nemours, Inc. (NYSE:DD)

Raymond James Financial Inc. purchased a new position in DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 656,567 shares of the basic materials company’s stock, valued at approximately $50,063,000.

Several other hedge funds and other institutional investors have also modified their holdings of DD. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth about $26,000. Aster Capital Management DIFC Ltd raised its position in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours in the fourth quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $33,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 3.4 %

NYSE DD opened at $60.92 on Tuesday. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a market cap of $25.49 billion, a PE ratio of 36.48, a PEG ratio of 2.15 and a beta of 1.25. The firm has a 50-day simple moving average of $74.82 and a 200 day simple moving average of $78.85.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.41 dividend. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.69%. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

Wall Street Analyst Weigh In

DD has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a report on Friday, January 17th. UBS Group increased their price target on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, KeyCorp upgraded shares of DuPont de Nemours from a “sector weight” rating to an “overweight” rating and set a $81.00 price objective for the company in a research note on Monday. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.38.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.