HRT Financial LLC Invests $382,000 in DowDuPont Inc (DWDP) Stock
HRT Financial LLC bought a new position in shares of DowDuPont Inc (NYSE:DWDP) during the second quarter, Holdings Channel reports. The institutional investor bought 5,805 shares of the company’s stock, valued at approximately $382,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Argent Trust Co acquired a new position in shares of DowDuPont in the fourth quarter valued at $855,000. Canandaigua National Bank & Trust Co. increased its holdings in shares of DowDuPont by 5.1% in the first quarter. Canandaigua National Bank & Trust Co. now owns 95,943 shares of the company’s stock valued at $6,113,000 after purchasing an additional 4,698 shares during the last quarter. Palisade Capital Management LLC NJ increased its holdings in shares of DowDuPont by 3.6% in the first quarter. Palisade Capital Management LLC NJ now owns 81,108 shares of the company’s stock valued at $5,167,000 after purchasing an additional 2,856 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of DowDuPont by 4.5% in the first quarter. Cetera Advisors LLC now owns 37,659 shares of the company’s stock valued at $2,388,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Novare Capital Management LLC increased its holdings in shares of DowDuPont by 1.0% in the first quarter. Novare Capital Management LLC now owns 101,607 shares of the company’s stock valued at $6,473,000 after purchasing an additional 1,040 shares during the last quarter. Institutional investors and hedge funds own 69.41% of the company’s stock.
In other news, CEO Edward D. Breen acquired 29,580 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was 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. Insiders own 0.42% of the company’s stock.
DowDuPont (NYSE:DWDP) last announced its earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.08. The company had revenue of $24.25 billion during the quarter, compared to analysts’ expectations of $23.71 billion. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The business’s revenue was up 75.3% on a year-over-year basis. analysts anticipate that DowDuPont Inc will post 4.19 earnings per share for the current year.
Several research firms have commented on DWDP. ValuEngine upgraded shares of DowDuPont from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Citigroup decreased their price objective on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Friday. MED reiterated a “buy” rating and issued a $90.00 price objective on shares of DowDuPont in a report on Thursday, August 2nd. 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. Finally, Barclays reduced 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. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. DowDuPont presently has an average rating of “Buy” and a consensus price target of $81.80.
DowDuPont Company Profile
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.
Recommended Story: Trading Strategy Examples and Plans
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.