Legacy Capital Partners Inc. grew its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,598 shares of the company’s stock after acquiring an additional 1,949 shares during the period. Legacy Capital Partners Inc.’s holdings in DowDuPont were worth $1,040,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of DWDP. Eqis Capital Management Inc. acquired a new stake in shares of DowDuPont in the 3rd quarter valued at about $397,000. Arrow Financial Corp acquired a new stake in shares of DowDuPont in the 3rd quarter valued at about $1,113,000. Alpha Windward LLC acquired a new stake in shares of DowDuPont in the 3rd quarter valued at about $301,000. Windward Capital Management Co. CA acquired a new stake in shares of DowDuPont in the 3rd quarter valued at about $14,493,000. Finally, Wendell David Associates Inc. acquired a new stake in shares of DowDuPont in the 3rd quarter valued at about $618,000. Hedge funds and other institutional investors own 69.54% of the company’s stock.
In other DowDuPont news, insider Andrew N. Liveris sold 187,402 shares of DowDuPont stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total transaction of $13,536,046.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew N. Liveris sold 29,723 shares of DowDuPont stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $71.50, for a total transaction of $2,125,194.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,371 shares of company stock worth $21,918,009. Insiders own 0.89% of the company’s stock.
DowDuPont Inc (NYSE DWDP) opened at $71.95 on Tuesday. DowDuPont Inc has a 1 year low of $59.29 and a 1 year high of $77.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. The company has a market cap of $167,573.19, a P/E ratio of 45.83, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21.
DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.16. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The firm had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.46 billion. The business’s quarterly revenue was up 54.1% on a year-over-year basis. sell-side analysts forecast that DowDuPont Inc will post 4.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders 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 annualized dividend and a dividend yield of 2.11%. DowDuPont’s dividend payout ratio is currently 96.82%.
Several brokerages recently weighed in on DWDP. Barclays raised shares of DowDuPont from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised shares of DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, January 30th. UBS Group raised their price target on shares of DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Morgan Stanley raised their price target on shares of DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, Stephens began coverage on shares of DowDuPont in a research report on Monday, December 4th. They issued an “overweight” rating and a $83.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $80.71.
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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, traits and crop protection.
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