Allstate Corp Boosts Position in DowDuPont Inc (NYSE:DWDP)

Allstate Corp boosted its stake in DowDuPont Inc (NYSE:DWDP) by 136.6% during the 1st quarter, HoldingsChannel reports. The fund owned 115,805 shares of the company’s stock after acquiring an additional 66,850 shares during the quarter. Allstate Corp’s holdings in DowDuPont were worth $6,174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brown Advisory Inc. lifted its position in DowDuPont by 48.0% in the 4th quarter. Brown Advisory Inc. now owns 3,742,629 shares of the company’s stock valued at $200,157,000 after acquiring an additional 1,214,501 shares in the last quarter. First Trust Advisors LP lifted its position in DowDuPont by 36.3% in the 4th quarter. First Trust Advisors LP now owns 571,431 shares of the company’s stock valued at $30,560,000 after acquiring an additional 152,045 shares in the last quarter. Intersect Capital LLC lifted its position in DowDuPont by 17.9% in the 4th quarter. Intersect Capital LLC now owns 29,564 shares of the company’s stock valued at $1,581,000 after acquiring an additional 4,482 shares in the last quarter. MUFG Securities EMEA plc lifted its position in DowDuPont by 432.0% in the 4th quarter. MUFG Securities EMEA plc now owns 332,800 shares of the company’s stock valued at $17,798,000 after acquiring an additional 270,248 shares in the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. lifted its position in DowDuPont by 48.5% in the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 79,522 shares of the company’s stock valued at $4,253,000 after acquiring an additional 25,960 shares in the last quarter. 67.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:DWDP opened at $75.08 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. DowDuPont Inc has a one year low of $30.06 and a one year high of $48.34. The stock has a market cap of $168.66 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41.

DowDuPont (NYSE:DWDP) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.10 by $0.42. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. The firm had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.47 billion. During the same period in the previous year, the firm posted $3.36 EPS. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, equities analysts forecast that DowDuPont Inc will post 2.14 EPS for the current fiscal year.

Several research firms recently commented on DWDP. BMO Capital Markets boosted their price objective on shares of DowDuPont from $198.00 to $201.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th. Royal Bank of Canada cut their price objective on shares of DowDuPont to $192.00 and set a “top pick” rating on the stock in a research report on Tuesday, March 19th. Citigroup cut shares of DowDuPont from a “buy” rating to a “neutral” rating and cut their price objective for the company from $180.00 to $120.00 in a research report on Tuesday, April 2nd. Goldman Sachs Group started coverage on shares of DowDuPont in a research report on Friday, March 29th. They issued a “neutral” rating and a $126.00 price objective on the stock. Finally, Jefferies Financial Group cut their price target on shares of DowDuPont from $198.00 to $186.00 and set a “buy” rating on the stock in a research report on Friday, March 29th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $165.45.

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DowDuPont Profile

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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