Eastern Bank acquired a new position in DowDuPont Inc (NASDAQ:DWDP) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 195,242 shares of the company’s stock, valued at approximately $13,517,000.
A number of other hedge funds have also recently modified their holdings of DWDP. Osborne Partners Capital Management LLC acquired a new stake in shares of DowDuPont in the 3rd quarter valued at about $205,000. Summit X LLC acquired a new stake in shares of DowDuPont in the 3rd quarter valued at about $208,000. Clearwater Capital Partners LLC acquired a new stake in shares of DowDuPont in the 3rd quarter valued at about $219,000. First Hawaiian Bank acquired a new stake in shares of DowDuPont in the 3rd quarter valued at about $236,000. Finally, Taylor Cottrill Erickson & Associates Inc. acquired a new stake in shares of DowDuPont in the 3rd quarter valued at about $238,000.
A number of equities research analysts have recently issued reports on the stock. UBS AG upped their target price on shares of DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Credit Suisse Group restated an “outperform” rating and issued a $79.00 target price (up previously from $73.00) on shares of DowDuPont in a research note 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 objective on shares of DowDuPont in a research note on Wednesday, October 11th. Jefferies Group LLC reiterated a “buy” rating and set a $80.00 price objective on shares of DowDuPont in a research note on Sunday, October 8th. Finally, Deutsche Bank AG started coverage on shares of DowDuPont in a research note on Thursday, October 5th. They set a “buy” rating and a $80.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $79.59.
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DowDuPont Inc (DWDP) opened at 72.31 on Wednesday. DowDuPont Inc has a 52-week low of $64.01 and a 52-week high of $73.85. The firm has a 50-day moving average of $70.70 and a 200 day moving average of $65.53. The company’s market cap is $168.91 billion.
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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