InterOcean Capital LLC grew its holdings in DowDuPont Inc (NYSE:DWDP) by 20.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 270,331 shares of the company’s stock after buying an additional 45,466 shares during the quarter. DowDuPont accounts for 2.1% of InterOcean Capital LLC’s investment portfolio, making the stock its 16th largest position. InterOcean Capital LLC’s holdings in DowDuPont were worth $17,820,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Lido Advisors LLC increased its position in shares of DowDuPont by 11.9% during the second quarter. Lido Advisors LLC now owns 20,808 shares of the company’s stock worth $1,371,000 after purchasing an additional 2,218 shares in the last quarter. Wealthsource Partners LLC purchased a new stake in shares of DowDuPont during the second quarter worth approximately $212,000. First Republic Investment Management Inc. increased its position in shares of DowDuPont by 10.5% during the second quarter. First Republic Investment Management Inc. now owns 692,763 shares of the company’s stock worth $45,667,000 after purchasing an additional 65,987 shares in the last quarter. Raymond James & Associates increased its position in shares of DowDuPont by 3.5% during the second quarter. Raymond James & Associates now owns 2,720,680 shares of the company’s stock worth $179,348,000 after purchasing an additional 91,923 shares in the last quarter. Finally, Cannell Capital LLC purchased a new stake in shares of DowDuPont during the second quarter worth approximately $10,054,000. Institutional investors and hedge funds own 69.42% of the company’s stock.
In other news, General Counsel Charles J. Kalil sold 100,645 shares of the company’s 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 SEC, which is available at the SEC website. Also, CEO Edward D. Breen purchased 29,580 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was acquired at an average cost of $67.61 per share, for a total transaction of $1,999,903.80. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.08. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The business had revenue of $24.25 billion for the quarter, compared to analyst estimates of $23.71 billion. The company’s revenue for the quarter was up 75.3% on a year-over-year basis. Equities analysts anticipate that DowDuPont Inc will post 4.16 EPS for the current year.
DWDP has been the subject of several research reports. Barclays dropped their price target on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. ValuEngine cut DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. UBS Group boosted their price target on DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Nomura cut DowDuPont from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $81.00 to $76.00 in a research report on Wednesday, September 26th. Finally, BNP Paribas assumed coverage on DowDuPont in a research note on Tuesday, October 2nd. They set a “neutral” rating and a $75.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $80.88.
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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