Investors Buy DowDuPont (DWDP) on Weakness Following Insider Selling

Traders bought shares of DowDuPont Inc (NYSE:DWDP) on weakness during trading on Friday following insider selling activity. $94.37 million flowed into the stock on the tick-up and $45.35 million flowed out of the stock on the tick-down, for a money net flow of $49.02 million into the stock. Of all stocks tracked, DowDuPont had the 15th highest net in-flow for the day. DowDuPont traded down ($0.67) for the day and closed at $65.71Specifically, insider Ronald C. Edmonds sold 15,000 shares of DowDuPont stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $71.83, for a total value of $1,077,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Charles J. Kalil sold 129,848 shares of DowDuPont stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $68.42, for a total value of $8,884,200.16. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Several brokerages recently issued reports on DWDP. Barclays raised DowDuPont from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 31st. Zacks Investment Research raised DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, January 30th. Nomura raised their price target on DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Jefferies Group reissued a “buy” rating and issued a $85.00 price target on shares of DowDuPont in a report on Friday, February 2nd. Finally, ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Six analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $81.13.

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 1.21. The company has a market cap of $154.60 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30.

DowDuPont (NYSE:DWDP) last announced its earnings results on Thursday, May 3rd. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.04. The firm had revenue of $21.51 billion for the quarter, compared to the consensus estimate of $21.31 billion. DowDuPont had a return on equity of 8.01% and a net margin of 2.37%. The company’s revenue was up 62.6% compared to the same quarter last year. sell-side analysts predict that DowDuPont Inc will post 4.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, May 30th. DowDuPont’s payout ratio is currently 44.71%.

Institutional investors have recently made changes to their positions in the business. Tarbox Family Office Inc. bought a new stake in shares of DowDuPont in the 4th quarter worth $8,600,000. One Capital Management LLC bought a new stake in shares of DowDuPont in the 4th quarter worth $2,846,000. Lenox Wealth Advisors Inc. raised its stake in shares of DowDuPont by 25,760.0% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 2,586 shares of the company’s stock worth $184,000 after buying an additional 2,576 shares in the last quarter. Bollard Group LLC raised its stake in shares of DowDuPont by 1.1% in the 4th quarter. Bollard Group LLC now owns 93,681 shares of the company’s stock worth $6,672,000 after buying an additional 1,019 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA raised its stake in shares of DowDuPont by 0.6% in the 4th quarter. Beach Investment Counsel Inc. PA now owns 272,890 shares of the company’s stock worth $19,435,000 after buying an additional 1,555 shares in the last quarter. 69.54% of the stock is currently owned by hedge funds and other institutional investors.

About DowDuPont

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.

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