Headinvest LLC Buys New Position in DowDuPont Inc (DWDP)

Headinvest LLC bought a new stake in shares of DowDuPont Inc (NYSE:DWDP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,893 shares of the company’s stock, valued at approximately $498,000.

Several other hedge funds have also recently added to or reduced their stakes in DWDP. Tradewinds Capital Management LLC purchased a new stake in DowDuPont in the third quarter valued at approximately $101,000. Winfield Associates Inc. purchased a new stake in DowDuPont in the 3rd quarter worth approximately $103,000. AllSquare Wealth Management LLC purchased a new stake in DowDuPont in the 3rd quarter worth approximately $108,000. NewSquare Capital LLC purchased a new stake in DowDuPont in the 3rd quarter worth approximately $109,000. Finally, Ffcm LLC purchased a new stake in DowDuPont in the 3rd quarter worth approximately $114,000. Hedge funds and other institutional investors own 68.83% of the company’s stock.

Shares of DowDuPont Inc (DWDP) traded down $2.08 during midday trading on Thursday, hitting $73.50. The stock had a trading volume of 13,257,894 shares, compared to its average volume of 6,760,000. The firm has a market cap of $171,990.00 and a price-to-earnings ratio of 20.53. DowDuPont Inc has a 1-year low of $64.01 and a 1-year high of $77.08. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.29.

DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.67 by $0.16. DowDuPont had a return on equity of 9.73% and a net margin of 5.01%. The company had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.46 billion. The company’s revenue for the quarter was up 54.1% on a year-over-year basis. sell-side analysts forecast that DowDuPont Inc will post 3.32 earnings per share for the current year.

DWDP has been the subject of several research analyst reports. Barclays raised DowDuPont from an “underweight” rating to an “equal weight” rating in a research note on Wednesday. Credit Suisse Group upped their target price on DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Zacks Investment Research raised DowDuPont from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Stephens initiated coverage on DowDuPont in a research note on Monday, December 4th. They issued an “overweight” rating and a $83.00 price objective for the company. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $80.00 price objective on shares of DowDuPont in a research note on Wednesday, October 11th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $80.45.

In related news, insider Jeanmarie F. Desmond sold 6,708 shares of DowDuPont stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total value of $476,335.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrew N. Liveris sold 9,664 shares of DowDuPont stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $70.10, for a total value of $677,446.40. The disclosure for this sale can be found here. Insiders sold a total of 495,951 shares of company stock worth $35,502,729 over the last quarter. Company insiders own 0.89% of the company’s stock.

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About DowDuPont

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.

Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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