DowDuPont (NYSE:DWDP) had its price target raised by equities researchers at Nomura from $83.00 to $84.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the stock. Nomura’s target price would indicate a potential upside of 18.49% from the company’s current price.
DWDP has been the topic of several other research reports. Zacks Investment Research raised DowDuPont from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Royal Bank of Canada reissued a “buy” rating and issued a $86.00 price target on shares of DowDuPont in a research note on Friday, December 8th. Barclays raised DowDuPont from an “underweight” rating to an “equal weight” rating in a research note on Wednesday. UBS Group increased their price target on DowDuPont from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Morgan Stanley increased their price target on DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. DowDuPont has a consensus rating of “Buy” and a consensus price target of $80.48.
DowDuPont (NYSE DWDP) traded down $2.61 during trading hours on Friday, reaching $70.89. The company’s stock had a trading volume of 12,792,093 shares, compared to its average volume of 6,970,000. DowDuPont has a 12-month low of $64.01 and a 12-month high of $77.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01. The firm has a market cap of $165,880.00 and a P/E ratio of 35.34.
In related news, insider Andrew N. Liveris sold 9,664 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total transaction of $677,446.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total value of $476,335.08. The disclosure for this sale can be found here. Insiders have sold a total of 495,951 shares of company stock worth $35,502,729 in the last ninety days. 0.89% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of DWDP. Huntington National Bank bought a new position in DowDuPont during the 4th quarter worth about $69,208,000. Somerville Kurt F increased its holdings in DowDuPont by 14.6% during the 4th quarter. Somerville Kurt F now owns 24,281 shares of the company’s stock worth $1,729,000 after purchasing an additional 3,098 shares in the last quarter. Sandy Spring Bank increased its holdings in DowDuPont by 44.1% during the 4th quarter. Sandy Spring Bank now owns 6,167 shares of the company’s stock worth $439,000 after purchasing an additional 1,888 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in DowDuPont by 6.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 440,477 shares of the company’s stock worth $31,371,000 after purchasing an additional 25,604 shares in the last quarter. Finally, Ballentine Partners LLC bought a new position in DowDuPont during the 4th quarter worth about $1,179,000. 68.83% of the stock is currently owned by institutional investors and hedge funds.
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About DowDuPont
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.
