Traders Sell Shares of DowDuPont (DWDP) on Strength (DWDP)
Traders sold shares of DowDuPont Inc (NYSE:DWDP) on strength during trading on Tuesday. $80.80 million flowed into the stock on the tick-up and $147.69 million flowed out of the stock on the tick-down, for a money net flow of $66.89 million out of the stock. Of all companies tracked, DowDuPont had the 0th highest net out-flow for the day. DowDuPont traded up $0.02 for the day and closed at $70.08
DWDP has been the topic of a number of recent research reports. UBS Group raised their target price on DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. MED reaffirmed a “buy” rating and issued a $90.00 target price on shares of DowDuPont in a report on Tuesday, June 5th. Barclays decreased their target price on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Finally, ValuEngine cut DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $81.50.
The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.15. The firm has a market cap of $163.22 billion, a P/E ratio of 20.57, a PEG ratio of 1.67 and a beta of 1.34.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.19%. DowDuPont’s dividend payout ratio is presently 44.71%.
In other news, General Counsel Charles J. Kalil sold 100,645 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $70.75, for a total transaction of $7,120,633.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward D. Breen acquired 29,580 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were purchased at an average price of $67.61 per share, with a total value of $1,999,903.80. The disclosure for this purchase can be found here. Company insiders own 0.42% of the company’s stock.
Several institutional investors have recently modified their holdings of DWDP. Third Point LLC grew its position in DowDuPont by 1.6% in the second quarter. Third Point LLC now owns 14,300,000 shares of the company’s stock worth $942,656,000 after acquiring an additional 225,000 shares in the last quarter. Macquarie Group Ltd. grew its position in DowDuPont by 4.4% in the second quarter. Macquarie Group Ltd. now owns 10,591,777 shares of the company’s stock worth $698,219,000 after acquiring an additional 450,504 shares in the last quarter. Epoch Investment Partners Inc. grew its position in DowDuPont by 2.7% in the second quarter. Epoch Investment Partners Inc. now owns 8,872,180 shares of the company’s stock worth $584,854,000 after acquiring an additional 233,310 shares in the last quarter. Dimensional Fund Advisors LP grew its position in DowDuPont by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,846,477 shares of the company’s stock worth $583,184,000 after acquiring an additional 388,187 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in DowDuPont by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 8,630,470 shares of the company’s stock worth $568,921,000 after acquiring an additional 84,168 shares in the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.
About DowDuPont (NYSE:DWDP)
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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