Traders Buy Shares of DowDuPont (DWDP) on Weakness

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Investors bought shares of DowDuPont Inc (NYSE:DWDP) on weakness during trading 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 equities 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 have recently commented on the stock. Citigroup lowered their target price on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a report on Friday, September 21st. Deutsche Bank reiterated a “buy” rating and issued a $72.00 target price on shares of DowDuPont in a report on Friday. MED reiterated a “buy” rating and issued a $90.00 target price on shares of DowDuPont in a report on Thursday, August 2nd. UBS Group increased their target price on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, Barclays lowered their target price on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $80.31.

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 has a market capitalization of $149.78 billion, a PE ratio of 17.55, a PEG ratio of 1.54 and a beta of 1.35.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The business had revenue of $24.25 billion during the quarter, compared to the consensus estimate of $23.71 billion. The business’s revenue for the quarter was up 75.3% compared to the same quarter last year. Analysts forecast that DowDuPont Inc will post 4.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.55%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

In related news, General Counsel Charles J. Kalil sold 100,645 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward D. Breen acquired 29,580 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were bought 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.

A number of large investors have recently modified their holdings of the business. Third Point LLC boosted its position in DowDuPont by 1.6% during the second 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 during the period. Macquarie Group Ltd. boosted its position in DowDuPont by 4.4% during the second 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 during the period. Epoch Investment Partners Inc. boosted its position in shares of DowDuPont by 2.7% in the second quarter. Epoch Investment Partners Inc. now owns 8,872,180 shares of the company’s stock valued at $584,854,000 after acquiring an additional 233,310 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of DowDuPont by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,846,477 shares of the company’s stock valued at $583,184,000 after acquiring an additional 388,187 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of DowDuPont by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 8,630,470 shares of the company’s stock valued at $568,921,000 after acquiring an additional 84,168 shares during the period. Hedge funds and other 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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