DDD Partners LLC bought a new position in shares of DowDuPont Inc (NYSE:DWDP) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 85,823 shares of the company’s stock, valued at approximately $4,590,000. DowDuPont makes up 1.7% of DDD Partners LLC’s portfolio, making the stock its 24th largest position.
A number of other institutional investors have also modified their holdings of the business. Rehmann Capital Advisory Group grew its holdings in shares of DowDuPont by 6,180.2% during the third quarter. Rehmann Capital Advisory Group now owns 14,166,195 shares of the company’s stock valued at $2,517,979,000 after buying an additional 13,940,627 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in DowDuPont by 5,163.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,415,618 shares of the company’s stock worth $251,000 after acquiring an additional 13,160,717 shares during the period. Geode Capital Management LLC boosted its position in DowDuPont by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 27,423,521 shares of the company’s stock worth $1,463,987,000 after acquiring an additional 1,648,165 shares during the period. Morgan Stanley boosted its position in DowDuPont by 7.6% during the 3rd quarter. Morgan Stanley now owns 21,342,100 shares of the company’s stock worth $1,372,513,000 after acquiring an additional 1,511,435 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in DowDuPont by 1,905.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,586,591 shares of the company’s stock worth $84,851,000 after acquiring an additional 1,507,496 shares during the period. Institutional investors own 69.37% of the company’s stock.
A number of brokerages have issued reports on DWDP. BMO Capital Markets boosted their price target on DowDuPont from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. Royal Bank of Canada reduced their price target on DowDuPont to $64.00 and set a “top pick” rating for the company in a research report on Tuesday, March 19th. Barclays reiterated a “hold” rating and set a $62.00 price target on shares of DowDuPont in a research report on Tuesday, January 15th. Citigroup lowered DowDuPont from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $60.00 to $40.00 in a research report on Tuesday, April 2nd. Finally, Cowen downgraded DowDuPont from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $78.00 to $59.00 in a research note on Wednesday, February 6th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $57.80.
Shares of NYSE:DWDP traded up $0.15 during trading on Wednesday, reaching $39.30. 736,300 shares of the stock were exchanged, compared to its average volume of 16,271,062. DowDuPont Inc has a 12 month low of $16.30 and a 12 month high of $39.53. The stock has a market cap of $91.18 billion, a PE ratio of 9.56, a P/E/G ratio of 1.74 and a beta of 1.28. The company has a quick ratio of 1.33, a current ratio of 2.01 and a debt-to-equity ratio of 0.39.
DowDuPont (NYSE:DWDP) last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). The firm had revenue of $20.10 billion for the quarter, compared to the consensus estimate of $21.11 billion. DowDuPont had a return on equity of 9.59% and a net margin of 4.47%. Equities research analysts expect that DowDuPont Inc will post 2.23 earnings per share for the current year.
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DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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