Teacher Retirement System of Texas Has $58.17 Million Position in DowDuPont Inc (DWDP)

Teacher Retirement System of Texas cut its stake in shares of DowDuPont Inc (NYSE:DWDP) by 37.1% during the 4th quarter, HoldingsChannel reports. The firm owned 816,765 shares of the company’s stock after selling 480,895 shares during the quarter. Teacher Retirement System of Texas’ holdings in DowDuPont were worth $58,170,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Aua Capital Management LLC bought a new stake in DowDuPont during the fourth quarter valued at about $277,000. Northwest Capital Management Inc bought a new stake in DowDuPont during the fourth quarter valued at about $202,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in DowDuPont by 1.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,965,382 shares of the company’s stock valued at $496,075,000 after acquiring an additional 99,650 shares during the period. Silver Capital Management LLC bought a new stake in DowDuPont during the fourth quarter valued at about $545,000. Finally, Loeb Partners Corp raised its holdings in DowDuPont by 390.0% during the fourth quarter. Loeb Partners Corp now owns 37,692 shares of the company’s stock valued at $2,684,000 after acquiring an additional 30,000 shares during the period. Institutional investors own 68.94% of the company’s stock.

A number of equities research analysts have commented on DWDP shares. Morgan Stanley raised their price target on DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. UBS Group lifted their target price on DowDuPont from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 target price on shares of DowDuPont in a report on Friday, December 8th. Finally, Zacks Investment Research raised DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, January 30th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. DowDuPont has a consensus rating of “Buy” and a consensus price target of $80.71.

In related news, insider Andrew N. Liveris sold 78,582 shares of DowDuPont stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $71.00, for a total value of $5,579,322.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew N. Liveris sold 9,664 shares of DowDuPont stock in a transaction dated Friday, December 15th. The stock was 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. In the last quarter, insiders sold 410,348 shares of company stock valued at $29,424,849. 0.89% of the stock is currently owned by company insiders.

DowDuPont Inc (DWDP) opened at $71.33 on Thursday. The company has a market capitalization of $165,554.30, a PE ratio of 20.21, a P/E/G ratio of 1.80 and a beta of 1.21. DowDuPont Inc has a 12-month low of $59.29 and a 12-month high of $77.08. 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 released its quarterly earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.16. The company had revenue of $20.07 billion during the quarter, compared to analyst estimates of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The company’s quarterly revenue was up 54.1% on a year-over-year basis. analysts expect that DowDuPont Inc will post 4.14 EPS for the current year.

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DowDuPont 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.

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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