California State Teachers Retirement System Buys New Position in DowDuPont Inc (DWDP)
California State Teachers Retirement System bought a new stake in DowDuPont Inc (NYSE:DWDP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,031,551 shares of the company’s stock, valued at approximately $279,104,000. California State Teachers Retirement System owned about 0.17% of DowDuPont as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of DWDP. Tradewinds Capital Management LLC acquired a new stake in shares of DowDuPont in the 3rd quarter worth approximately $101,000. Winfield Associates Inc. acquired a new stake in DowDuPont during the 3rd quarter valued at $103,000. AllSquare Wealth Management LLC acquired a new stake in DowDuPont during the 3rd quarter valued at $108,000. NewSquare Capital LLC acquired a new stake in DowDuPont during the 3rd quarter valued at $109,000. Finally, Ffcm LLC acquired a new stake in DowDuPont during the 3rd quarter valued at $114,000. 68.83% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. Credit Suisse Group increased their target price on DowDuPont from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded DowDuPont from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Stephens began coverage on DowDuPont in a report on Monday, December 4th. They set an “overweight” rating and a $83.00 price objective on the stock. Royal Bank of Canada restated a “buy” rating and set a $80.00 price objective on shares of DowDuPont in a report on Wednesday, October 11th. Finally, UBS Group raised their price objective on DowDuPont from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company. DowDuPont currently has an average rating of “Buy” and an average price target of $80.21.
DowDuPont Inc (NYSE:DWDP) opened at $75.87 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.38. The company has a market capitalization of $177,540.00 and a PE ratio of 37.03. DowDuPont Inc has a 52-week low of $59.21 and a 52-week high of $77.08.
DowDuPont (NYSE:DWDP) last announced its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. DowDuPont had a return on equity of 9.73% and a net margin of 5.01%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. equities research analysts anticipate that DowDuPont Inc will post 3.32 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “California State Teachers Retirement System Buys New Position in DowDuPont Inc (DWDP)” was first posted by Marea Informative and is owned by of Marea Informative. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.mareainformativa.com/2018/01/30/california-state-teachers-retirement-system-takes-279-10-million-position-in-dow-chemical-company-the-dwdp-updated-updated-updated.html.
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.
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.