Accredited Investors Inc. Invests $304,000 in DowDuPont Inc (DWDP)

Accredited Investors Inc. purchased a new stake in shares of DowDuPont Inc (NASDAQ:DWDP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,393 shares of the company’s stock, valued at approximately $304,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DWDP. APG Asset Management N.V. bought a new stake in DowDuPont during the third quarter worth approximately $257,365,000. Korea Investment CORP bought a new stake in DowDuPont during the third quarter worth approximately $146,277,000. Strs Ohio bought a new stake in DowDuPont during the third quarter worth approximately $105,984,000. Meyer Handelman Co. bought a new stake in DowDuPont during the third quarter worth approximately $84,640,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in DowDuPont during the third quarter worth approximately $83,643,000.

Several equities research analysts recently commented on the company. SunTrust Banks, Inc. reissued a “hold” rating and set a $73.00 target price on shares of DowDuPont in a report on Friday. UBS AG boosted their target price on DowDuPont from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Credit Suisse Group boosted their target price on DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research raised DowDuPont from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Morgan Stanley boosted their target price on DowDuPont from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company’s stock. DowDuPont presently has a consensus rating of “Buy” and a consensus target price of $79.72.

In other DowDuPont news, insider Jeanmarie F. Desmond sold 6,708 shares of DowDuPont stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total transaction of $476,335.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Charles J. Kalil sold 78,895 shares of DowDuPont stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total transaction of $5,601,545.00. The disclosure for this sale can be found here.

TRADEMARK VIOLATION WARNING: “Accredited Investors Inc. Invests $304,000 in DowDuPont Inc (DWDP)” was posted by Markets Daily and is the property of of Markets Daily. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://www.themarketsdaily.com/2017/11/14/accredited-investors-inc-invests-304000-in-dowdupont-inc-dwdp.html.

DowDuPont Inc (NASDAQ DWDP) opened at $70.46 on Tuesday. DowDuPont Inc has a twelve month low of $64.01 and a twelve month high of $73.85.

DowDuPont (NASDAQ:DWDP) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.16%. The ex-dividend date is Tuesday, November 14th.

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, and a pipeline of germplasm, traits and crop protection.

Institutional Ownership by Quarter for DowDuPont (NASDAQ:DWDP)

Receive News & Ratings for DowDuPont Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DowDuPont Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply