Traders bought shares of DowDuPont Inc (NYSE:DWDP) on weakness during trading on Wednesday. $207.34 million flowed into the stock on the tick-up and $162.37 million flowed out of the stock on the tick-down, for a money net flow of $44.97 million into the stock. Of all companies tracked, DowDuPont had the 26th highest net in-flow for the day. DowDuPont traded down ($1.29) for the day and closed at $70.60
Several equities research analysts have recently issued reports on DWDP shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $80.00 target price on shares of DowDuPont in a research report on Wednesday, October 11th. UBS Group raised their target price on DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Morgan Stanley raised their target price on DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised DowDuPont from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $80.71.
The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.26. The stock has a market cap of $168,221.88, a P/E ratio of 44.97, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21.
In other DowDuPont news, insider Andrew N. Liveris sold 9,664 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $677,446.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO James C. Jr. Collins sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $71.11, for a total value of $1,066,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 410,348 shares of company stock valued at $29,424,849 in the last quarter. 0.89% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DWDP. Curbstone Financial Management Corp bought a new position in DowDuPont in the 3rd quarter worth about $2,872,000. Eqis Capital Management Inc. bought a new stake in shares of DowDuPont during the 3rd quarter valued at about $397,000. Neville Rodie & Shaw Inc. bought a new stake in shares of DowDuPont during the 3rd quarter valued at about $15,334,000. McQueen Ball & Associates Inc. bought a new stake in shares of DowDuPont during the 3rd quarter valued at about $650,000. Finally, Private Asset Management Inc. bought a new stake in shares of DowDuPont during the 3rd quarter valued at about $1,953,000. Institutional investors and hedge funds own 68.84% of the company’s stock.
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, traits and crop protection.
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