DowDuPont in FTSE4Good Index
The FTSE4Good Index measures the performance of companies that demonstrate strong environmental, social, and governance (or ESG) practices. On August 25, DowDuPont (DWDP) announced that it had been named as a part of the FTSE4Good Index Series. This index was created by FTSE Russell.
This index acts as a benchmark for sustainable investment and helps investors to identify companies that are environmentally and socially sustainable. Howard Ungerleider, CFO of DowDuPont, said, “We are honored to be listed to the distinguished FTSE4Good Index for our industry-leading sustainability performance. Sustainability has long been fundamental to the strategies and value propositions of both Dow and DuPont. Going forward, we expect that each of the industry-leading companies we intend to create will continue to help advance the well-being of humanity through science, innovation and collaboration.”
Update on DowDuPont’s stock price
DowDuPont had a positive week with a gain of 1.3% and closed at $70.13 for the week ended August 31, 2018. The gain has resulted in the stock trading 4.8% above the 100-day moving average price of $66.93, which indicates an upward trend in the stock. However, on a year-to-date basis, the stock is still down by ~1.5%. Analysts have projected DowDuPont’s target price to be at $82, which is 16.9% over the closing price of August 31, 2018. DowDuPont’s 14-day relative strength index of 58 indicates that the stock isn’t overbought or oversold.
Investors can hold DowDuPont indirectly by investing in the Materials Select Sector SPDR Fund (XLB). XLB has invested 23.6% of its portfolio in DowDuPont. XLB also provides exposure to Praxair (PX), Air Products and Chemicals (APD), and LyondellBasell (LYB) with weights of 7.6%, 6.1%, and 6.1%, respectively, as of August 31, 2018.