General Counsel-MatCo Kalil Charles J sold 100,645 shares in DowDuPont Inc. (NYSE:DWDP) for $312,329 in transaction occurred on 2018/08/27. After making this transaction, the General Counsel-MatCo owns a direct stake of 7,120,634 shares, worth $17,265,547, as per the last closing price. On 2018/08/08 Breen Edward D, CEO at DWDP, purchased 29,580 shares at an average price of $67.61 per share. The new stake is valued at $20,134,745.
Separately, it had been reported that some other DWDP insiders also took part of the insider trading activity. Former Executive Chairman, Liveris Andrew N had divested 100,000 shares for $1,192,746 through a trade on 2018/06/12. Following this activity, the insider holds 6,957,000 shares worth $65,934,999 as of recent close. Wall Street’s most bullish DowDuPont Inc. (NYSE:DWDP) analysts are predicting the share price to blow past $90 per share during the next 12 months. The current median share price forecast by them is $71, suggesting that the stock could increase 28.44% in that time frame. The average price target of $72.42 calls for a nearly 31.01% increase in the stock price.
DowDuPont Inc. (DWDP) trading activity significantly weakened as the volume at ready counter decreased to 7,155,430 shares versus 12,870,285 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 10,452,125 shares. The share price dropped -0.72% in recent trade and currently has a stock-market value of $127.74B. The shares finished at $55.28, after trading as low as $54.71 earlier in the session. It hit an intraday high Friday at $55.7249. The stock is now 13.07% above against its bear-market low of $48.89 on December 26, 2018. It has retreated -39.44% since it’s 52-week high of $77.08 reached in January. Now the market price is down -25.5% on the year and up 3.37% YTD.
DWDP’s 50 day simple moving average (SMA 50) price is $55.45 and its 200-day simple moving average (SMA 200) price is $63.24. The company’s stock currently has a total float of 2.28B shares. Its weekly volatility is hovering around 2.15% and felt 3.26% volatility in price over a month. On the upside, the share price will test short term resistance at around $55.77. On a downside, the stock is likely to find some support, which begins at $54.75. The failure to get near-term support could push it to $54.22.
It had seen a negative analyst call from Stephens, which downgraded the stock from Overweight to Equal-Weight on October 19. Analysts at Exane BNP Paribas, started covering the stock on October 02 with a Neutral rating. The stock lost favor of Nomura analysts who expressed their lack of confidence in it using a downgrade from Buy to Neutral on September 26.
When looking at valuations, DowDuPont Inc. (DWDP) has a pricey P/E of 118.12x as compared to industry average of 15.35x. Moreover, it trades for 11.73 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.29x price/book and 1.49x price/sales. Compared to others, DowDuPont Inc. is in a different league with regards to profitability, having net margins of 2.4%. To put some perspective around this, the industry’s average net margin is 7.61%. DWDP’s ROE is 2.1%, which is also considerably worse than the industry’s ROE of 11.78%. It’s also very liquid in the near term, with a current ratio of 1.6. The stock has a debt/capital of 0.36.
Shares of DowDuPont Inc. (DWDP) have gained 2.5% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, DowDuPont Inc. (NYSE:DWDP) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 0 quarters (0%), whereas at 1 occasion EPS met analyst expectations. DWDP last reported earnings on November 01, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.74 per share, -79.67% change on the same period last year. That was better than consensus for $0.71. Revenue for the recent quarter stood at $20.12 billion, up 10% on last year and below the $20.23 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $22.07 billion to $24.1 billion, which should be compared with $23.63 billion generated last year. EPS is seen in a range of $1.29 to $1.59, against the $1.41 reported a year ago.