Westbourne Investment Advisors Inc. purchased a new position in shares of DowDuPont Inc (NASDAQ:DWDP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 81,536 shares of the company’s stock, valued at approximately $5,645,000. DowDuPont accounts for about 4.4% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 3rd largest holding.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Hamlin Capital Management LLC purchased a new position in shares of DowDuPont during the 3rd quarter worth $41,365,000. Mcrae Capital Management Inc. purchased a new position in shares of DowDuPont during the 3rd quarter worth $842,000. Mizuho Securities USA LLC purchased a new position in shares of DowDuPont during the 3rd quarter worth $1,060,000. Nationwide Fund Advisors purchased a new position in shares of DowDuPont during the 3rd quarter worth $71,079,000. Finally, Evermay Wealth Management LLC purchased a new position in shares of DowDuPont during the 3rd quarter worth $510,000.
Shares of DowDuPont Inc (DWDP) opened at 72.54 on Monday. The stock’s market capitalization is $169.45 billion. The company has a 50-day moving average of $70.35 and a 200 day moving average of $65.35. DowDuPont Inc has a one year low of $64.01 and a one year high of $73.85.
Several research analysts have recently commented on the company. UBS AG lifted their price target on DowDuPont from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Credit Suisse Group reiterated an “outperform” rating and set a $79.00 price target (up previously from $73.00) on shares of DowDuPont in a report on Thursday, October 12th. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a “buy” rating and set a $80.00 price target on shares of DowDuPont in a report on Wednesday, October 11th. Jefferies Group LLC reiterated a “buy” rating and set a $80.00 price target on shares of DowDuPont in a report on Sunday, October 8th. Finally, Deutsche Bank AG started coverage on shares of DowDuPont in a report on Thursday, October 5th. They issued a “buy” rating and a $80.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $79.59.
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DowDuPont Company Profile
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, and a pipeline of germplasm, traits and crop protection.
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