DowDuPont Inc (DWDP) Shares Sold by Schroder Investment Management Group
Schroder Investment Management Group cut its stake in DowDuPont Inc (NYSE:DWDP) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,667,147 shares of the company’s stock after selling 128,152 shares during the quarter. Schroder Investment Management Group’s holdings in DowDuPont were worth $176,432,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Elmwood Wealth Management Inc. bought a new stake in DowDuPont during the first quarter valued at approximately $102,000. Winthrop Partners WNY LLC bought a new stake in DowDuPont during the first quarter valued at approximately $111,000. Cascade Investment Advisors Inc. grew its position in DowDuPont by 85.1% during the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock valued at $118,000 after buying an additional 825 shares during the period. Institutional & Family Asset Management LLC bought a new stake in DowDuPont during the first quarter valued at approximately $117,000. Finally, SG3 Management LLC bought a new stake in DowDuPont during the second quarter valued at approximately $132,000. Hedge funds and other institutional investors own 69.41% of the company’s stock.
In other news, CEO Edward D. Breen purchased 29,580 shares of the stock in a transaction on Wednesday, August 8th. The shares were acquired at an average price of $67.61 per share, with a total value of $1,999,903.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.
DowDuPont (NYSE:DWDP) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The business had revenue of $24.25 billion for the quarter, compared to the consensus estimate of $23.71 billion. The business’s quarterly revenue was up 75.3% compared to the same quarter last year. equities research analysts predict that DowDuPont Inc will post 4.18 EPS for the current fiscal year.
DWDP has been the subject of several recent research reports. MED restated a “buy” rating and set a $90.00 target price on shares of DowDuPont in a research report on Tuesday, June 5th. UBS Group boosted their target price on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. ValuEngine lowered shares of DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Barclays cut their target price on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. Finally, Citigroup cut their target price on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, September 21st. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $81.27.
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
Featured Article: Average Daily Trade Volume Explained
Want to see what other hedge funds are holding DWDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DowDuPont Inc (NYSE:DWDP).
Receive News & Ratings for DowDuPont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DowDuPont and related companies with MarketBeat.com's FREE daily email newsletter.