KBC Group NV Trims Stake in DowDuPont Inc (DWDP)

KBC Group NV lowered its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 5.8% in the 4th quarter, Holdings Channel reports. The firm owned 503,312 shares of the company’s stock after selling 31,194 shares during the quarter. KBC Group NV’s holdings in DowDuPont were worth $35,846,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eqis Capital Management Inc. purchased a new stake in DowDuPont in the 3rd quarter worth approximately $397,000. PGGM Investments purchased a new stake in DowDuPont in the 3rd quarter worth approximately $45,832,000. Midas Management Corp purchased a new stake in DowDuPont in the 3rd quarter worth approximately $2,769,000. Lynch & Associates IN purchased a new stake in DowDuPont in the 3rd quarter worth approximately $8,600,000. Finally, Heritage Way Advisors LLC purchased a new stake in DowDuPont in the 3rd quarter worth approximately $277,000. 68.94% of the stock is owned by hedge funds and other institutional investors.

DowDuPont Inc (NYSE:DWDP) opened at $71.95 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $167,573.19, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21. DowDuPont Inc has a 52 week low of $64.01 and a 52 week high of $77.08.

DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.16. The firm had revenue of $20.07 billion during the quarter, compared to the consensus estimate of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The firm’s quarterly revenue was up 54.1% compared to the same quarter last year. equities analysts anticipate that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.11%. DowDuPont’s dividend payout ratio is currently 96.82%.

Several research firms recently issued reports on DWDP. Zacks Investment Research lowered shares of DowDuPont from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Jefferies Group reissued a “buy” rating and issued a $85.00 target price on shares of DowDuPont in a report on Friday, February 2nd. Nomura increased their target price on shares of DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Barclays dropped their price target on DowDuPont from $80.00 to $79.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Finally, Stephens initiated coverage on DowDuPont in a research note on Monday, December 4th. They issued an “overweight” rating and a $83.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $80.71.

In other news, insider Andrew N. Liveris sold 187,402 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $72.23, for a total transaction of $13,536,046.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew N. Liveris sold 9,664 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were 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. Insiders have sold a total of 395,348 shares of company stock valued at $28,358,199 over the last quarter. Corporate insiders own 0.89% of the company’s stock.

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About DowDuPont

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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