Traders Buy DowDuPont (DWDP) on Weakness

Investors bought shares of DowDuPont Inc (NYSE:DWDP) on weakness during trading hours on Tuesday. $96.77 million flowed into the stock on the tick-up and $75.27 million flowed out of the stock on the tick-down, for a money net flow of $21.50 million into the stock. Of all equities tracked, DowDuPont had the 21st highest net in-flow for the day. DowDuPont traded down ($1.09) for the day and closed at $70.75

DWDP has been the subject of several research analyst reports. 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. Royal Bank of Canada reaffirmed a “buy” rating and set a $86.00 target price on shares of DowDuPont in a research report on Friday, December 8th. 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 analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $80.71.

The firm has a market cap of $166,910.00 and a price-to-earnings ratio of 45.43. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.26.

DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.16. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The company had revenue of $20.07 billion during the quarter, compared to analyst estimates of $19.46 billion. The business’s revenue for the quarter was up 54.1% on a year-over-year basis. equities analysts predict that DowDuPont Inc will post 4.14 EPS for the current year.

In other DowDuPont news, insider Andrew N. Liveris sold 9,664 shares of DowDuPont stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $70.10, for a total transaction of $677,446.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James C. Jr. Collins sold 15,000 shares of DowDuPont stock in a transaction dated Friday, November 17th. The shares were 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. In the last three months, insiders sold 410,348 shares of company stock valued at $29,424,849. 0.89% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of DWDP. Excalibur Management Corp bought a new stake in shares of DowDuPont during the 3rd quarter valued at about $303,000. Third Point LLC bought a new stake in shares of DowDuPont during the 3rd quarter valued at about $1,041,116,000. Synovus Financial Corp bought a new stake in shares of DowDuPont during the 3rd quarter valued at about $9,887,000. River Wealth Advisors LLC bought a new stake in shares of DowDuPont during the 3rd quarter valued at about $279,000. Finally, CNA Financial Corp bought a new stake in shares of DowDuPont during the 3rd quarter valued at about $3,569,000. 68.94% of the stock is owned by institutional investors and hedge funds.

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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, traits and crop protection.

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