Voya Investment Management LLC lessened its position in DowDuPont Inc (NYSE:DWDP) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,865,078 shares of the company’s stock after selling 140,556 shares during the period. Voya Investment Management LLC owned 0.17% of DowDuPont worth $254,786,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC lifted its position in shares of DowDuPont by 6.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 14,694 shares of the company’s stock worth $982,000 after purchasing an additional 843 shares during the period. InterOcean Capital LLC lifted its position in shares of DowDuPont by 20.2% in the 2nd quarter. InterOcean Capital LLC now owns 270,331 shares of the company’s stock worth $17,820,000 after purchasing an additional 45,466 shares during the period. Lido Advisors LLC lifted its position in shares of DowDuPont by 11.9% in the 2nd 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 during the period. Wealthsource Partners LLC purchased a new stake in shares of DowDuPont in the 2nd quarter worth about $212,000. Finally, First Republic Investment Management Inc. lifted its position in shares of DowDuPont by 10.5% in the 2nd 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 during the period. 69.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of DowDuPont stock opened at $63.16 on Tuesday. 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 stock has a market capitalization of $149.78 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.54 and a beta of 1.35. DowDuPont Inc has a 52-week low of $61.27 and a 52-week high of $77.08.
Several equities research analysts have recently commented on the stock. ValuEngine raised shares of DowDuPont from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. MED reissued a “buy” rating and set a $90.00 price target on shares of DowDuPont in a research report on Thursday, August 2nd. Barclays lowered their price target on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. UBS Group lifted their price target on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Finally, BNP Paribas assumed coverage on shares of DowDuPont in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $75.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $80.88.
In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward D. Breen bought 29,580 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was purchased 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 currently owned by insiders.
DowDuPont Company Profile
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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