Novare Capital Management LLC Reduces Holdings in DowDuPont Inc (DWDP)

Novare Capital Management LLC trimmed its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 100,567 shares of the company’s stock after selling 1,883 shares during the quarter. DowDuPont comprises 1.2% of Novare Capital Management LLC’s portfolio, making the stock its 25th largest holding. Novare Capital Management LLC’s holdings in DowDuPont were worth $7,162,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Tradewinds Capital Management LLC acquired a new stake in shares of DowDuPont in the 3rd quarter worth about $101,000. Winfield Associates Inc. acquired a new stake in shares of DowDuPont in the 3rd quarter worth about $103,000. Peddock Capital Advisors LLC acquired a new stake in shares of DowDuPont in the 3rd quarter worth about $106,000. AllSquare Wealth Management LLC acquired a new stake in shares of DowDuPont in the 3rd quarter worth about $108,000. Finally, NewSquare Capital LLC acquired a new stake in shares of DowDuPont in the 3rd quarter worth about $109,000. 68.94% of the stock is currently owned by institutional investors.

In other news, insider Andrew N. Liveris sold 49,449 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $71.63, for a total transaction of $3,542,031.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew N. Liveris sold 9,664 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $70.10, for a total transaction of $677,446.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 410,348 shares of company stock valued at $29,424,849. Insiders own 0.89% of the company’s stock.

DowDuPont Inc (NYSE DWDP) opened at $71.33 on Thursday. The stock has a market cap of $165,554.30, a PE ratio of 20.21, a P/E/G ratio of 1.80 and a beta of 1.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.26. DowDuPont Inc has a 12-month low of $59.29 and a 12-month high of $77.08.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.16. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The company had revenue of $20.07 billion during the quarter, compared to analyst estimates of $19.46 billion. The company’s revenue for the quarter was up 54.1% on a year-over-year basis. equities analysts forecast that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. Barclays raised shares of DowDuPont from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 31st. Zacks Investment Research raised shares of DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, January 30th. UBS Group increased their price objective on shares of DowDuPont from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Morgan Stanley increased their price objective on shares of DowDuPont from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, Stephens assumed coverage on shares of DowDuPont in a report on Monday, December 4th. They issued an “overweight” rating and a $83.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $80.71.

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DowDuPont Company Profile

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.

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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