Traders Buy Shares of DowDuPont (DWDP) on Weakness After Analyst Downgrade

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Traders purchased shares of DowDuPont Inc (NYSE:DWDP) on weakness during trading on Monday after Citigroup lowered their price target on the stock to $67.00. $154.27 million flowed into the stock on the tick-up and $69.67 million flowed out of the stock on the tick-down, for a money net flow of $84.60 million into the stock. Of all companies tracked, DowDuPont had the 7th highest net in-flow for the day. DowDuPont traded down ($0.10) for the day and closed at $57.63

Several other equities research analysts have also commented on DWDP. UBS Group upped their price objective on DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. MED restated a “buy” rating and issued a $90.00 price objective on shares of DowDuPont in a research note on Thursday, August 2nd. ValuEngine lowered DowDuPont from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Barclays reduced their price objective on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 6th. Finally, Nomura lowered DowDuPont from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $81.00 to $76.00 in a research note on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. DowDuPont has an average rating of “Buy” and an average price target of $78.00.

In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.42% of the company’s stock.

A number of hedge funds have recently modified their holdings of DWDP. Bristlecone Advisors LLC boosted its holdings in shares of DowDuPont by 40.9% during the 3rd quarter. Bristlecone Advisors LLC now owns 11,596 shares of the company’s stock valued at $746,000 after purchasing an additional 3,365 shares during the last quarter. Tower Bridge Advisors boosted its holdings in shares of DowDuPont by 4.1% during the 3rd quarter. Tower Bridge Advisors now owns 253,557 shares of the company’s stock valued at $16,306,000 after purchasing an additional 10,091 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its holdings in shares of DowDuPont by 4.6% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 312,922 shares of the company’s stock valued at $20,124,000 after purchasing an additional 13,692 shares during the last quarter. Berkshire Asset Management LLC PA boosted its holdings in shares of DowDuPont by 30.7% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 17,130 shares of the company’s stock valued at $1,102,000 after purchasing an additional 4,019 shares during the last quarter. Finally, Patriot Wealth Management Inc. boosted its holdings in shares of DowDuPont by 2.2% during the 3rd quarter. Patriot Wealth Management Inc. now owns 139,502 shares of the company’s stock valued at $8,971,000 after purchasing an additional 3,012 shares during the last quarter. Institutional investors and hedge funds own 69.45% of the company’s stock.

The firm has a market cap of $134.45 billion, a P/E ratio of 17.06, a PEG ratio of 1.39 and a beta of 1.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.64.

DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The business had revenue of $20.12 billion during the quarter, compared to the consensus estimate of $20.24 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue was up 31.1% on a year-over-year basis. Equities analysts anticipate that DowDuPont Inc will post 4.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

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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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