Waters Parkerson & CO. LLC Buys New Position in DowDuPont Inc (DWDP)
Waters Parkerson & CO. LLC 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 589,974 shares of the company’s stock, valued at approximately $40,844,000. DowDuPont comprises 3.6% of Waters Parkerson & CO. LLC’s investment portfolio, making the stock its 2nd largest position.
Other institutional investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC purchased a new position in shares of DowDuPont during the 3rd quarter worth approximately $101,000. Winfield Associates Inc. purchased a new position in shares of DowDuPont during the 3rd quarter worth approximately $103,000. AllSquare Wealth Management LLC purchased a new position in shares of DowDuPont during the 3rd quarter worth approximately $108,000. NewSquare Capital LLC purchased a new position in shares of DowDuPont during the 3rd quarter worth approximately $109,000. Finally, Ffcm LLC purchased a new position in shares of DowDuPont during the 3rd quarter worth approximately $114,000. 68.83% of the stock is owned by institutional investors and hedge funds.
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. DowDuPont Inc has a 52-week low of $59.21 and a 52-week high of $77.08. The firm has a market capitalization of $177,540.00 and a price-to-earnings ratio of 37.03.
A number of equities analysts have recently issued reports on DWDP shares. Jefferies Group reissued a “buy” rating and set a $80.00 target price on shares of DowDuPont in a research note on Sunday, October 8th. Credit Suisse Group upped their price target on DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. ValuEngine upgraded DowDuPont from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. UBS Group upped their price target on DowDuPont from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Deutsche Bank assumed coverage on DowDuPont in a report on Thursday, October 5th. They issued a “buy” rating and a $80.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the company’s stock. DowDuPont currently has an average rating of “Buy” and an average target price of $80.21.
In other news, insider Jeanmarie F. Desmond sold 6,708 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $677,446.40. The disclosure for this sale can be found here. Insiders sold 495,951 shares of company stock worth $35,502,729 over the last three months. 0.89% of the stock is currently owned by corporate insiders.
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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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