We Are One Seven LLC Buys Shares of 18,864 DowDuPont Inc (DWDP)

We Are One Seven LLC bought a new stake in shares of DowDuPont Inc (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,864 shares of the company’s stock, valued at approximately $1,213,000.

Other hedge funds have also recently made changes to their positions in the company. Third Point LLC boosted its position in shares of DowDuPont by 1.6% in the 2nd quarter. Third Point LLC now owns 14,300,000 shares of the company’s stock valued at $942,656,000 after purchasing an additional 225,000 shares during the period. Macquarie Group Ltd. boosted its position in shares of DowDuPont by 4.4% in the 2nd quarter. Macquarie Group Ltd. now owns 10,591,777 shares of the company’s stock valued at $698,219,000 after purchasing an additional 450,504 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of DowDuPont by 2.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 8,872,180 shares of the company’s stock valued at $584,854,000 after purchasing an additional 233,310 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of DowDuPont by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,846,477 shares of the company’s stock valued at $583,184,000 after purchasing an additional 388,187 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of DowDuPont by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 8,630,470 shares of the company’s stock valued at $568,921,000 after purchasing an additional 84,168 shares during the period. 69.42% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on DWDP shares. Citigroup decreased their price target on DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, September 21st. MED reiterated a “buy” rating and issued a $90.00 price target on shares of DowDuPont in a research report on Thursday, August 2nd. UBS Group increased their price target on DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Barclays decreased their price target on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. Finally, ValuEngine upgraded DowDuPont from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. DowDuPont presently has a consensus rating of “Buy” and an average price target of $80.88.

DowDuPont stock traded down $0.61 during mid-day trading on Tuesday, hitting $62.55. The company’s stock had a trading volume of 115,981 shares, compared to its average volume of 8,457,005. The company has a market cap of $149.78 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.54 and a beta of 1.35. The company has a current ratio of 1.70, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27. DowDuPont Inc has a 52-week low of $61.27 and a 52-week high of $77.08.

DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $24.25 billion during the quarter, compared to the consensus estimate of $23.71 billion. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The firm’s quarterly revenue was up 75.3% on a year-over-year basis. On average, equities analysts forecast that DowDuPont Inc will post 4.16 earnings per share for the current fiscal year.

In related news, General Counsel Charles J. Kalil sold 100,645 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward D. Breen acquired 29,580 shares of DowDuPont stock in a transaction that occurred on Wednesday, August 8th. The stock was acquired at an average cost of $67.61 per share, with a total value of $1,999,903.80. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by corporate insiders.

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.

Read More: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

Receive News & Ratings for DowDuPont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DowDuPont and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply