Pathlight Investors LLC purchased a new stake in DowDuPont Inc (NYSE:DWDP) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 85,875 shares of the company’s stock, valued at approximately $4,776,000. DowDuPont accounts for 3.9% of Pathlight Investors LLC’s holdings, making the stock its 5th largest holding.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund lifted its position in shares of DowDuPont by 5,163.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,415,618 shares of the company’s stock valued at $251,000 after acquiring an additional 13,160,717 shares during the period. Geode Capital Management LLC lifted its position in shares of DowDuPont by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 27,423,521 shares of the company’s stock valued at $1,463,987,000 after acquiring an additional 1,648,165 shares during the period. Morgan Stanley lifted its position in shares of DowDuPont by 7.6% during the 3rd quarter. Morgan Stanley now owns 21,342,100 shares of the company’s stock valued at $1,372,513,000 after acquiring an additional 1,511,435 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of DowDuPont by 1,905.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,586,591 shares of the company’s stock valued at $84,851,000 after acquiring an additional 1,507,496 shares during the period. Finally, Macquarie Group Ltd. lifted its position in shares of DowDuPont by 13.3% during the 4th quarter. Macquarie Group Ltd. now owns 12,226,539 shares of the company’s stock valued at $653,882,000 after acquiring an additional 1,438,375 shares during the period. Institutional investors and hedge funds own 69.37% of the company’s stock.
Shares of DWDP opened at $38.28 on Wednesday. DowDuPont Inc has a 12-month low of $16.30 and a 12-month high of $39.56. The company has a quick ratio of 1.33, a current ratio of 2.01 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $89.55 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 1.75 and a beta of 1.28.
DWDP has been the subject of a number of recent analyst reports. BMO Capital Markets cut their target price on DowDuPont from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday. Royal Bank of Canada cut their target price on DowDuPont to $64.00 and set a “top pick” rating for the company in a research report on Tuesday, March 19th. UBS Group initiated coverage on DowDuPont in a research report on Wednesday, April 3rd. They set a “buy” rating and a $45.00 price objective for the company. SunTrust Banks dropped their price objective on DowDuPont to $57.00 and set a “hold” rating for the company in a research report on Monday, February 4th. Finally, Nomura dropped their price objective on DowDuPont from $57.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.70.
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DowDuPont Company Profile
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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