DowDuPont Inc (DWDP) Shares Bought by First Republic Investment Management Inc.

First Republic Investment Management Inc. boosted its stake in shares of DowDuPont Inc (NYSE:DWDP) by 10.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 692,763 shares of the company’s stock after acquiring an additional 65,987 shares during the quarter. First Republic Investment Management Inc.’s holdings in DowDuPont were worth $45,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of DWDP. Elmwood Wealth Management Inc. purchased a new stake in DowDuPont in the 1st quarter worth approximately $102,000. Winthrop Partners WNY LLC purchased a new stake in DowDuPont in the 1st quarter worth approximately $111,000. Institutional & Family Asset Management LLC purchased a new stake in DowDuPont in the 1st quarter worth approximately $117,000. Cascade Investment Advisors Inc. lifted its holdings in DowDuPont by 85.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock worth $118,000 after buying an additional 825 shares during the period. Finally, SG3 Management LLC purchased a new stake in DowDuPont in the 2nd quarter worth approximately $132,000. Institutional investors own 69.42% of the company’s stock.

Several research firms have weighed in on DWDP. ValuEngine upgraded DowDuPont from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. MED reiterated a “buy” rating and issued a $90.00 price objective on shares of DowDuPont in a report on Thursday, August 2nd. Barclays lowered their target price 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. UBS Group raised their target price on DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, BNP Paribas initiated coverage on DowDuPont in a research note on Tuesday, October 2nd. They issued a “neutral” rating and a $75.00 target price for the company. 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 stock presently has an average rating of “Buy” and a consensus target price of $80.88.

In related news, General Counsel Charles J. Kalil sold 100,645 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $70.75, for a total transaction of $7,120,633.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward D. Breen acquired 29,580 shares of DowDuPont stock in a transaction that occurred on Wednesday, August 8th. The shares were bought at an average cost of $67.61 per share, with a total value of $1,999,903.80. The disclosure for this purchase can be found here. 0.42% of the stock is owned by company insiders.

DWDP opened at $63.16 on Tuesday. DowDuPont Inc has a 52 week low of $61.27 and a 52 week high of $77.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.15. The company has a market capitalization of $149.78 billion, a PE ratio of 18.58, 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 for the quarter, beating the Zacks’ 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 company had revenue of $24.25 billion during the quarter, compared to analyst estimates of $23.71 billion. The business’s revenue for the quarter was up 75.3% on a year-over-year basis. As a group, research analysts expect that DowDuPont Inc will post 4.16 earnings per share for the current fiscal year.

About DowDuPont

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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