Traders Buy DowDuPont (DWDP) on Weakness
Investors purchased shares of DowDuPont Inc (NYSE:DWDP) on weakness during trading hours on Thursday. $238.68 million flowed into the stock on the tick-up and $149.56 million flowed out of the stock on the tick-down, for a money net flow of $89.12 million into the stock. Of all stocks tracked, DowDuPont had the 15th highest net in-flow for the day. DowDuPont traded down ($0.34) for the day and closed at $58.98
Several analysts recently weighed in on DWDP shares. ValuEngine upgraded shares of DowDuPont from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. MED reiterated a “buy” rating and issued a $90.00 price target on shares of DowDuPont in a report on Thursday, August 2nd. Barclays cut their price target on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Deutsche Bank reiterated a “buy” rating and issued a $72.00 price target on shares of DowDuPont in a report on Friday. Finally, UBS Group lifted their price target on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. DowDuPont currently has a consensus rating of “Buy” and an average target price of $80.31.
The firm has a market cap of $149.78 billion, a P/E ratio of 17.55, a price-to-earnings-growth 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.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
In other news, CEO Edward D. Breen purchased 29,580 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were bought at an average price of $67.61 per share, for a total transaction of $1,999,903.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Charles J. Kalil sold 100,645 shares of the company’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 disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Third Point LLC boosted its stake in DowDuPont by 1.6% in the 2nd quarter. Third Point LLC now owns 14,300,000 shares of the company’s stock worth $942,656,000 after purchasing an additional 225,000 shares in the last quarter. Macquarie Group Ltd. boosted its stake in DowDuPont by 4.4% in the 2nd quarter. Macquarie Group Ltd. now owns 10,591,777 shares of the company’s stock worth $698,219,000 after purchasing an additional 450,504 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in DowDuPont by 2.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 8,872,180 shares of the company’s stock worth $584,854,000 after purchasing an additional 233,310 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in DowDuPont by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,846,477 shares of the company’s stock worth $583,184,000 after purchasing an additional 388,187 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in DowDuPont by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 8,630,470 shares of the company’s stock worth $568,921,000 after purchasing an additional 84,168 shares in the last quarter. Institutional investors own 69.42% 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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