DowDuPont Inc (NYSE:DWDP) Stake Lowered by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC cut its stake in DowDuPont Inc (NYSE:DWDP) by 64.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,400 shares of the company’s stock after selling 9,900 shares during the period. Sustainable Insight Capital Management LLC’s holdings in DowDuPont were worth $356,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DWDP. Oregon Public Employees Retirement Fund boosted its position in DowDuPont by 0.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 254,901 shares of the company’s stock valued at $16,803,000 after buying an additional 1,983 shares during the period. Renaissance Technologies LLC boosted its position in DowDuPont by 143.2% during the second quarter. Renaissance Technologies LLC now owns 653,935 shares of the company’s stock valued at $43,107,000 after buying an additional 385,045 shares during the period. Columbus Hill Capital Management L.P. boosted its position in DowDuPont by 25.2% during the second quarter. Columbus Hill Capital Management L.P. now owns 759,449 shares of the company’s stock valued at $50,063,000 after buying an additional 153,000 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in DowDuPont by 113.2% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 945,832 shares of the company’s stock valued at $62,349,000 after buying an additional 502,290 shares during the period. Finally, BlueMountain Capital Management LLC purchased a new stake in DowDuPont during the second quarter valued at about $19,606,000. Institutional investors own 69.42% of the company’s stock.

In other DowDuPont news, CEO Edward D. Breen bought 29,580 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was acquired at an average price of $67.61 per share, with a total value of $1,999,903.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Charles J. Kalil sold 100,645 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were 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 owned by corporate insiders.

A number of analysts have recently weighed in on DWDP shares. BNP Paribas started coverage on shares of DowDuPont in a report on Tuesday. They set a “neutral” rating and a $75.00 target price for the company. ValuEngine lowered shares of DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Nomura lowered shares of DowDuPont from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $81.00 to $76.00 in a report on Wednesday, September 26th. Citigroup dropped their target price on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a report on Friday, September 21st. Finally, Barclays dropped their target price on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $80.88.

DWDP stock traded down $0.82 during trading on Friday, reaching $63.19. The company had a trading volume of 7,675,319 shares, compared to its average volume of 8,452,180. DowDuPont Inc has a 52 week low of $61.27 and a 52 week high of $77.08. The company has a market cap of $149.78 billion, a P/E ratio of 18.59, a PEG ratio of 1.54 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.15.

DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The company had revenue of $24.25 billion during the quarter, compared to the consensus estimate of $23.71 billion. DowDuPont’s revenue was up 75.3% on a year-over-year basis. On average, equities research analysts expect that DowDuPont Inc will post 4.16 earnings per share for the current fiscal year.

DowDuPont Company Profile

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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