Nwam LLC reduced its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,787 shares of the company’s stock after selling 1,063 shares during the period. Nwam LLC’s holdings in DowDuPont were worth $1,465,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Winthrop Partners WNY LLC acquired a new position in shares of DowDuPont in the 1st quarter valued at $111,000. Cascade Investment Advisors Inc. boosted its holdings in shares of DowDuPont by 85.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock valued at $118,000 after buying an additional 825 shares in the last quarter. Institutional & Family Asset Management LLC acquired a new position in shares of DowDuPont in the 1st quarter valued at $117,000. SG3 Management LLC acquired a new position in shares of DowDuPont in the 2nd quarter valued at $132,000. Finally, D. Scott Neal Inc. acquired a new position in shares of DowDuPont in the 2nd quarter valued at $152,000. 69.42% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on DWDP. ValuEngine cut shares of DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. UBS Group upped their price target on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Barclays reduced their price target on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. MED reiterated a “buy” rating and issued a $90.00 price target on shares of DowDuPont in a research report on Thursday, August 2nd. Finally, BNP Paribas assumed coverage on shares of DowDuPont in a research report on Tuesday, October 2nd. They issued a “neutral” rating and a $75.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. DowDuPont has a consensus rating of “Buy” and an average target price of $80.88.
DowDuPont stock traded down $0.69 during trading hours on Tuesday, reaching $62.47. 100,575 shares of the stock were exchanged, compared to its average volume of 8,457,005. The company has a market cap of $149.78 billion, a P/E ratio of 18.32, a PEG ratio of 1.54 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.70. DowDuPont Inc has a 52-week low of $61.27 and a 52-week high of $77.08.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.08. The company had revenue of $24.25 billion during the quarter, compared to the consensus estimate of $23.71 billion. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The company’s revenue was up 75.3% on a year-over-year basis. As a group, equities analysts predict that DowDuPont Inc will post 4.16 earnings per share for the current year.
In other news, CEO Edward D. Breen acquired 29,580 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was bought at an average price of $67.61 per share, for a total transaction of $1,999,903.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $70.75, for a total transaction of $7,120,633.75. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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