Citizens Financial Group Inc. RI bought a new position in shares of DowDuPont Inc (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,643 shares of the company’s stock, valued at approximately $2,329,000.
Other hedge funds also recently made changes to their positions in the company. Excalibur Management Corp purchased a new stake in shares of DowDuPont during the 3rd quarter worth $303,000. Third Point LLC acquired a new position in DowDuPont in the 3rd quarter valued at about $1,041,116,000. River Wealth Advisors LLC acquired a new position in DowDuPont in the 3rd quarter valued at about $279,000. CNA Financial Corp acquired a new position in shares of DowDuPont during the 3rd quarter valued at about $3,569,000. Finally, Investec Asset Management LTD acquired a new position in shares of DowDuPont during the 3rd quarter valued at about $288,646,000. 68.83% of the stock is owned by institutional investors.
Shares of DowDuPont Inc (NYSE:DWDP) traded up $0.45 during mid-day trading on Wednesday, hitting $75.58. The company had a trading volume of 10,163,035 shares, compared to its average volume of 6,970,000. The company has a market cap of $176,860.00 and a P/E ratio of 36.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.38. DowDuPont Inc has a 1-year low of $64.01 and a 1-year high of $77.08.
DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. DowDuPont had a return on equity of 9.73% and a net margin of 5.01%. The firm had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s revenue was up 7.6% on a year-over-year basis. sell-side analysts predict that DowDuPont Inc will post 3.32 earnings per share for the current fiscal year.
In other DowDuPont news, insider Andrew N. Liveris sold 9,664 shares of DowDuPont stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $677,446.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeanmarie F. Desmond sold 6,708 shares of DowDuPont stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total value of $476,335.08. The disclosure for this sale can be found here. Insiders have sold a total of 495,951 shares of company stock worth $35,502,729 in the last three months. 0.89% of the stock is owned by insiders.
A number of research firms have weighed in on DWDP. Zacks Investment Research upgraded DowDuPont from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Royal Bank of Canada reissued a “buy” rating and set a $86.00 price target on shares of DowDuPont in a research report on Friday, December 8th. Barclays raised DowDuPont from an “underweight” rating to an “equal weight” rating in a research report on Wednesday. UBS Group increased their target price on DowDuPont from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Morgan Stanley raised their price target on DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $80.45.
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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, traits and crop protection.
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