Whittier Trust Co. 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 265,821 shares of the company’s stock, valued at approximately $18,400,000.
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.
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Shares of DowDuPont Inc (NASDAQ 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 posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The company had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior 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.
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 began 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $79.72.
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 Company 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, and a pipeline of germplasm, traits and crop protection.
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