Raleigh Capital Management Inc. Has $271,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Raleigh Capital Management Inc. raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2,586.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,036 shares of the basic materials company’s stock after acquiring an additional 2,923 shares during the quarter. Raleigh Capital Management Inc.’s holdings in DuPont de Nemours were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Evernest Financial Advisors LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at about $774,000. Venture Visionary Partners LLC grew its position in shares of DuPont de Nemours by 3.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 8,021 shares of the basic materials company’s stock worth $715,000 after purchasing an additional 293 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of DuPont de Nemours during the 3rd quarter worth approximately $47,000. Allspring Global Investments Holdings LLC grew its position in shares of DuPont de Nemours by 2.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company’s stock worth $1,793,000 after purchasing an additional 540 shares in the last quarter. Finally, Resonant Capital Advisors LLC acquired a new position in shares of DuPont de Nemours during the 3rd quarter worth approximately $210,000. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DD. Morgan Stanley increased their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday. Citigroup decreased their target price 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. Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Barclays lowered shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $88.00 to $84.00 in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.83.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $84.88 on Wednesday. The company has a market cap of $35.49 billion, a price-to-earnings ratio of 103.51, a PEG ratio of 2.26 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The firm has a 50 day simple moving average of $83.48 and a 200 day simple moving average of $80.40. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion during 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 company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. Research analysts predict that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is currently 185.37%.

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.