Taurus Asset Management LLC Acquires New Stake in DowDuPont Inc (NYSE:DWDP)

Taurus Asset Management LLC bought a new position in DowDuPont Inc (NYSE:DWDP) during the third quarter, according to its most recent filing with the SEC. The firm bought 5,074 shares of the company’s stock, valued at approximately $351,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carret Asset Management LLC purchased a new stake in shares of DowDuPont during the 3rd quarter valued at $10,647,000. Cadinha & Co. LLC purchased a new stake in DowDuPont in the 3rd quarter worth about $2,024,000. Oppenheimer Asset Management Inc. purchased a new stake in DowDuPont in the 3rd quarter worth about $21,339,000. First Republic Investment Management Inc. purchased a new stake in DowDuPont in the 3rd quarter worth about $26,415,000. Finally, Anchor Bolt Capital LP purchased a new stake in DowDuPont in the 3rd quarter worth about $50,079,000. 68.83% of the stock is owned by institutional investors and hedge funds.

Shares of DowDuPont Inc (NYSE DWDP) traded down $2.61 during midday trading on Friday, hitting $70.89. The company had a trading volume of 12,705,438 shares, compared to its average volume of 7,220,000. The company has a current ratio of 1.91, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29. The stock has a market cap of $165,880.00 and a PE ratio of 45.15. DowDuPont Inc has a 52 week low of $64.01 and a 52 week high of $77.08.

DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.16. The business had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The firm’s revenue for the quarter was up 54.1% compared to the same quarter last year. sell-side analysts anticipate that DowDuPont Inc will post 4.09 earnings per share for the current fiscal year.

In other DowDuPont news, insider Andrew N. Liveris sold 187,402 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $72.23, for a total value of $13,536,046.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Charles J. Kalil sold 78,895 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total value of $5,601,545.00. 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 ninety days. Insiders own 0.89% of the company’s stock.

Several research analysts have commented on DWDP shares. Royal Bank of Canada restated a “buy” rating and issued a $80.00 target price on shares of DowDuPont in a research note on Wednesday, October 11th. UBS Group raised their target price on DowDuPont from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Morgan Stanley raised their target price on DowDuPont from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded DowDuPont from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, ValuEngine upgraded DowDuPont from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. DowDuPont has an average rating of “Buy” and an average price target of $80.71.

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DowDuPont Company Profile

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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