Barometer Capital Management Inc. purchased a new stake in shares of DowDuPont Inc (NASDAQ:DWDP) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 67,900 shares of the company’s stock, valued at approximately $4,701,000.
A number of other hedge funds also recently made changes to their positions in the stock. Curbstone Financial Management Corp acquired a new stake in DowDuPont in the third quarter valued at approximately $2,872,000. Eqis Capital Management Inc. acquired a new stake in DowDuPont in the third quarter valued at approximately $397,000. Neville Rodie & Shaw Inc. acquired a new stake in DowDuPont in the third quarter valued at approximately $15,334,000. McQueen Ball & Associates Inc. acquired a new stake in DowDuPont in the third quarter valued at approximately $650,000. Finally, Private Asset Management Inc. acquired a new stake in DowDuPont in the third quarter valued at approximately $1,953,000.
Several analysts have commented on DWDP shares. Macquarie began coverage on DowDuPont in a report on Tuesday, September 5th. They issued an “outperform” rating and a $76.00 price objective on the stock. Bank of America Corporation began coverage on DowDuPont in a research note on Monday, September 11th. They issued a “buy” rating and a $78.00 price target on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 price target on shares of DowDuPont in a research note on Sunday, October 8th. Credit Suisse Group lifted their price objective on DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, Susquehanna Bancshares Inc assumed coverage on DowDuPont in a research report on Tuesday, September 5th. They set a “positive” rating and a $80.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. DowDuPont currently has an average rating of “Buy” and an average price target of $79.72.
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DowDuPont Inc (DWDP) opened at $69.97 on Friday. DowDuPont Inc has a 1 year low of $64.01 and a 1 year high of $73.85.
DowDuPont (NASDAQ:DWDP) last announced its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Tuesday, November 14th.
In other DowDuPont news, General Counsel Charles J. Kalil sold 78,895 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total transaction of $5,601,545.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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