Raymond James Financial Inc. Buys 10,333 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Raymond James Financial Inc. increased its stake in DuPont de Nemours, acquiring an additional 10,333 shares during the first quarter, lifting their total ownership to 666,901 shares, valued at approximately $49.8 million.
• Multiple analysts have recently raised their target prices for DuPont de Nemours, with Royal Bank of Canada setting the new target at $94.00 and others at up to $90.00, reflecting a consensus average of $88.25.
• DuPont de Nemours reported $1.12 EPS for the last quarter, exceeding expectations and showing a yearly revenue increase of 2.7%. The company also announced a quarterly dividend of $0.41 per share.

Raymond James Financial Inc. lifted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 666,901 shares of the basic materials company's stock after buying an additional 10,333 shares during the quarter. Raymond James Financial Inc. owned about 0.16% of DuPont de Nemours worth $49,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DD. Vermillion Wealth Management Inc. bought a new position in shares of DuPont de Nemours in the fourth quarter worth about $28,000. JNBA Financial Advisors raised its stake in DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 216 shares during the period. Valley National Advisers Inc. raised its stake in DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 248 shares during the period. Pinney & Scofield Inc. bought a new stake in DuPont de Nemours during the 4th quarter valued at approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in DuPont de Nemours by 1,770.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 561 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 531 shares during the period. Institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Mizuho lifted their target price on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Citigroup lifted their target price on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. lifted their target price on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company lifted their target price on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.25.

DuPont de Nemours Stock Performance

NYSE DD opened at $74.5260 on Friday. The stock has a market capitalization of $31.21 billion, a PE ratio of -158.57, a P/E/G ratio of 1.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The business has a 50 day simple moving average of $72.20 and a two-hundred day simple moving average of $71.48. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The firm had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. On average, research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.41 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. DuPont de Nemours's payout ratio is -348.94%.

DuPont de Nemours 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.

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