Independent Investors Inc. Invests $2.09 Million in DowDuPont Inc (DWDP) Stock
Independent Investors Inc. purchased a new stake in shares of DowDuPont Inc (NASDAQ:DWDP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,123 shares of the company’s stock, valued at approximately $2,085,000.
A number of other hedge funds have also made changes to their positions in DWDP. APG Asset Management N.V. bought a new stake in shares of DowDuPont in the 3rd quarter worth $257,365,000. Strs Ohio purchased a new position in shares of DowDuPont in the 3rd quarter worth about $105,984,000. Nationwide Fund Advisors purchased a new position in shares of DowDuPont in the 3rd quarter worth about $71,079,000. Sit Investment Associates Inc. purchased a new position in shares of DowDuPont in the 3rd quarter worth about $52,761,000. Finally, State Treasurer State of Michigan purchased a new position in shares of DowDuPont in the 3rd quarter worth about $49,017,000.
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DWDP has been the topic of a number of research analyst reports. Susquehanna Bancshares Inc initiated coverage on shares of DowDuPont in a report on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price target on the stock. UBS AG initiated coverage on shares of DowDuPont in a report on Friday, September 1st. They issued a “buy” rating on the stock. Citigroup Inc. boosted their price target on shares of DowDuPont from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Zacks Investment Research downgraded shares of DowDuPont from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 27th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $79.00 price target (up from $73.00) on shares of DowDuPont in a report on Thursday, October 12th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $79.59.
Shares of DowDuPont Inc (NASDAQ:DWDP) opened at 72.31 on Wednesday. The company has a 50-day moving average price of $70.70 and a 200 day moving average price of $65.53. DowDuPont Inc has a 12-month low of $64.01 and a 12-month high of $73.85. The company’s market capitalization is $168.91 billion.
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, and a pipeline of germplasm, traits and crop protection.
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