Sumitomo Life Insurance Co. lowered its stake in DowDuPont Inc (NYSE:DWDP) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,354 shares of the company’s stock after selling 3,966 shares during the period. DowDuPont accounts for 0.8% of Sumitomo Life Insurance Co.’s holdings, making the stock its 21st biggest position. Sumitomo Life Insurance Co.’s holdings in DowDuPont were worth $6,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Outfitter Advisors LTD. raised its holdings in shares of DowDuPont by 0.8% during the fourth quarter. Outfitter Advisors LTD. now owns 89,945 shares of the company’s stock worth $6,406,000 after purchasing an additional 706 shares during the last quarter. Savant Capital LLC increased its holdings in DowDuPont by 6.1% in the fourth quarter. Savant Capital LLC now owns 15,038 shares of the company’s stock valued at $1,071,000 after buying an additional 866 shares in the last quarter. Resources Investment Advisors Inc. increased its holdings in DowDuPont by 34.7% in the fourth quarter. Resources Investment Advisors Inc. now owns 3,661 shares of the company’s stock valued at $261,000 after buying an additional 944 shares in the last quarter. Murphy Capital Management Inc. increased its holdings in DowDuPont by 1.1% in the fourth quarter. Murphy Capital Management Inc. now owns 95,587 shares of the company’s stock valued at $6,807,000 after buying an additional 1,003 shares in the last quarter. Finally, Bollard Group LLC increased its holdings in DowDuPont by 1.1% in the fourth quarter. Bollard Group LLC now owns 93,681 shares of the company’s stock valued at $6,672,000 after buying an additional 1,019 shares in the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of DowDuPont from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Nomura lifted their price objective on shares of DowDuPont from $83.00 to $84.00 and gave the company a “buy” rating in a report on Friday. Jefferies Group reaffirmed a “buy” rating and issued a $85.00 price objective on shares of DowDuPont in a report on Friday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 price objective on shares of DowDuPont in a report on Friday, December 8th. Finally, Barclays raised shares of DowDuPont from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $80.71.

In related news, insider Andrew N. Liveris sold 49,449 shares of the business’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 SEC, which is available through this hyperlink. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total transaction of $476,335.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 417,056 shares of company stock worth $29,901,184. Company insiders own 0.89% of the company’s stock.

Shares of DowDuPont Inc (DWDP) opened at $67.84 on Tuesday. DowDuPont Inc has a 52-week low of $59.29 and a 52-week high of $77.08. The stock has a market cap of $165,881.89, a PE ratio of 20.25, a PEG ratio of 2.00 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 (NYSE:DWDP) last announced its earnings results on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) 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 business had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.46 billion. The business’s revenue for the quarter was up 54.1% on a year-over-year basis. sell-side analysts forecast that DowDuPont Inc will post 4.09 EPS for the current year.

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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.

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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