Curbstone Financial Management Corp purchased a new position in DowDuPont Inc (NASDAQ:DWDP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,484 shares of the company’s stock, valued at approximately $2,872,000.
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Shares of DowDuPont Inc (DWDP) traded down 0.85% on Friday, reaching $72.43. The company had a trading volume of 2,846,057 shares. DowDuPont Inc has a 1-year low of $51.60 and a 1-year high of $73.10. The firm has a 50-day moving average price of $69.91 and a 200 day moving average price of $65.23. The firm’s market capitalization is $169.19 billion.
Several brokerages recently weighed in on DWDP. Credit Suisse Group restated an “outperform” rating and set a $79.00 target price (up from $73.00) on shares of DowDuPont in a research note on Thursday, October 12th. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a “buy” rating and set a $80.00 price target on shares of DowDuPont in a research note on Wednesday, October 11th. Jefferies Group LLC reiterated a “buy” rating and set a $80.00 price target on shares of DowDuPont in a research note on Sunday, October 8th. Deutsche Bank AG started coverage on DowDuPont in a research note on Thursday, October 5th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, HSBC Holdings plc started coverage on DowDuPont in a research note on Tuesday, September 26th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the stock. DowDuPont has a consensus rating of “Buy” and an average target price of $79.44.
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, and a pipeline of germplasm, traits and crop protection.
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