Raymond James Financial Inc. Acquires New Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Raymond James Financial Inc. bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 656,567 shares of the basic materials company's stock, valued at approximately $50,063,000. Raymond James Financial Inc. owned approximately 0.16% of DuPont de Nemours at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms have recently commented on DD. StockNews.com cut DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. KeyCorp upgraded shares of DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 target price on the stock in a research note on Monday, April 14th. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price objective for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Mizuho cut their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, BMO Capital Markets lifted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.71.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded up $0.88 during mid-day trading on Friday, hitting $60.13. The stock had a trading volume of 2,748,962 shares, compared to its average volume of 2,379,287. The firm's 50 day moving average is $73.41 and its 200 day moving average is $78.13. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The firm has a market capitalization of $25.16 billion, a P/E ratio of 36.01, a P/E/G ratio of 2.15 and a beta of 1.25. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

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

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.73%. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) is presently 98.20%.

About DuPont de Nemours

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.