Miracle Mile Advisors LLC Grows Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Miracle Mile Advisors LLC raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,915 shares of the basic materials company’s stock after buying an additional 582 shares during the period. Miracle Mile Advisors LLC’s holdings in DuPont de Nemours were worth $1,061,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Strategic Investment Solutions Inc. IL purchased a new stake in shares of DuPont de Nemours during the second quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the third quarter worth about $38,000. FSA Wealth Management LLC purchased a new stake in shares of DuPont de Nemours during the third quarter worth about $39,000. Quarry LP purchased a new stake in shares of DuPont de Nemours during the second quarter worth about $37,000. Finally, True Wealth Design LLC increased its stake in shares of DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE:DD opened at $75.31 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The firm has a market capitalization of $31.48 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 1.95 and a beta of 1.35. The company’s 50-day moving average is $80.02 and its two-hundred day moving average is $81.47. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts forecast that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Morgan Stanley boosted 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 note on Monday, October 21st. Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Citigroup lowered their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $95.25.

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.