Raymond James Trust N.A. Boosts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Raymond James Trust N.A. grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,027 shares of the basic materials company’s stock after purchasing an additional 296 shares during the quarter. Raymond James Trust N.A.’s holdings in DuPont de Nemours were worth $1,451,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Ceredex Value Advisors LLC increased its holdings in shares of DuPont de Nemours by 95.0% during the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after purchasing an additional 567,732 shares in the last quarter. Fullcircle Wealth LLC purchased a new stake in DuPont de Nemours in the 2nd quarter worth $1,374,000. Kanawha Capital Management LLC increased its holdings in DuPont de Nemours by 24.4% in the 2nd quarter. Kanawha Capital Management LLC now owns 6,314 shares of the basic materials company’s stock worth $508,000 after acquiring an additional 1,238 shares in the last quarter. Traynor Capital Management Inc. purchased a new stake in DuPont de Nemours in the 2nd quarter worth $229,000. Finally, Herold Advisors Inc. increased its holdings in DuPont de Nemours by 13.1% in the 2nd quarter. Herold Advisors Inc. now owns 4,336 shares of the basic materials company’s stock worth $349,000 after acquiring an additional 501 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

NYSE:DD traded up $0.81 during midday trading on Friday, reaching $81.10. The stock had a trading volume of 1,325,008 shares, compared to its average volume of 2,678,847. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The stock has a market cap of $33.91 billion, a P/E ratio of 98.90, a P/E/G ratio of 2.54 and a beta of 1.34. The firm has a fifty day simple moving average of $79.94 and a two-hundred day simple moving average of $76.74. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, equities analysts expect that DuPont de Nemours, Inc. will post 3.69 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Wall Street Analyst Weigh In

DD has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Citigroup lowered their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Barclays boosted their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Finally, Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their price objective for the company from $78.00 to $101.00 in a report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

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.