Gamco Investors INC. ET AL increased its stake in DowDuPont Inc (NYSE:DWDP) by 101.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,878 shares of the company’s stock after acquiring an additional 38,150 shares during the quarter. Gamco Investors INC. ET AL’s holdings in DowDuPont were worth $5,404,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC bought a new stake in DowDuPont in the third quarter worth approximately $101,000. Winfield Associates Inc. bought a new stake in DowDuPont in the third quarter worth approximately $103,000. Peddock Capital Advisors LLC bought a new stake in DowDuPont in the third quarter worth approximately $106,000. AllSquare Wealth Management LLC bought a new stake in DowDuPont in the third quarter worth approximately $108,000. Finally, NewSquare Capital LLC bought a new stake in DowDuPont in the third quarter worth approximately $109,000. 68.84% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the company. Barclays upgraded DowDuPont from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, January 30th. UBS Group boosted their price objective on DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 27th. Morgan Stanley boosted their price objective on DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Finally, Stephens began coverage on DowDuPont in a report on Monday, December 4th. They set an “overweight” rating and a $83.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $80.71.
DowDuPont (NYSE:DWDP) last released 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 business had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.46 billion. The business’s revenue for the quarter was up 54.1% on a year-over-year basis. sell-side analysts forecast that DowDuPont Inc will post 4.17 earnings per share for the current year.
In related news, COO James C. Jr. Collins sold 15,000 shares of DowDuPont stock in a transaction on Friday, November 17th. The stock was sold at an average price of $71.11, for a total transaction of $1,066,650.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrew N. Liveris sold 187,402 shares of DowDuPont stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total value of $13,536,046.46. The disclosure for this sale can be found here. Insiders have sold 410,348 shares of company stock worth $29,424,849 over the last quarter. 0.89% of the stock is owned by company insiders.
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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