Haverford Trust Co. increased its stake in shares of DowDuPont Inc (NYSE:DWDP) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,181,848 shares of the company’s stock after buying an additional 13,338 shares during the period. DowDuPont comprises about 2.5% of Haverford Trust Co.’s holdings, making the stock its 11th biggest position. Haverford Trust Co. owned about 0.09% of DowDuPont worth $116,685,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DWDP. Vanguard Group Inc. boosted its position in DowDuPont by 0.7% during the third quarter. Vanguard Group Inc. now owns 179,394,835 shares of the company’s stock worth $11,536,882,000 after purchasing an additional 1,236,916 shares during the period. Vanguard Group Inc boosted its position in shares of DowDuPont by 0.7% in the third quarter. Vanguard Group Inc now owns 179,394,835 shares of the company’s stock valued at $11,536,882,000 after acquiring an additional 1,236,916 shares during the period. Capital World Investors boosted its position in shares of DowDuPont by 2.6% in the third quarter. Capital World Investors now owns 131,628,818 shares of the company’s stock valued at $8,465,049,000 after acquiring an additional 3,387,817 shares during the period. Capital International Investors boosted its position in shares of DowDuPont by 217.7% in the third quarter. Capital International Investors now owns 31,674,850 shares of the company’s stock valued at $2,037,010,000 after acquiring an additional 21,705,299 shares during the period. Finally, Northern Trust Corp boosted its position in shares of DowDuPont by 2.5% in the fourth quarter. Northern Trust Corp now owns 27,001,522 shares of the company’s stock valued at $1,444,041,000 after acquiring an additional 659,376 shares during the period. Institutional investors and hedge funds own 69.40% of the company’s stock.
A number of research firms have recently commented on DWDP. BMO Capital Markets raised their target price on shares of DowDuPont from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 26th. Cowen downgraded shares of DowDuPont from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $78.00 to $59.00 in a research note on Wednesday, February 6th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $68.00 target price (down from $79.00) on shares of DowDuPont in a research note on Friday, February 1st. Morgan Stanley lowered their target price on shares of DowDuPont from $70.00 to $43.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada downgraded shares of DowDuPont from a “top pick” rating to a “sector perform” rating and lowered their target price for the company from $61.00 to $40.00 in a research note on Tuesday, April 16th. Two 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. DowDuPont currently has an average rating of “Hold” and an average target price of $57.70.
DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, January 31st. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01). DowDuPont had a return on equity of 9.59% and a net margin of 4.47%. The firm had revenue of $20.10 billion during the quarter, compared to analysts’ expectations of $21.11 billion. On average, analysts anticipate that DowDuPont Inc will post 2.19 EPS for the current year.
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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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