Gardner Lewis Asset Management L P acquired a new stake in shares of DowDuPont Inc (NYSE:DWDP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,690 shares of the company’s stock, valued at approximately $2,756,000.
Several other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in shares of DowDuPont in the 3rd quarter valued at about $2,095,726,000. Bank of New York Mellon Corp bought a new position in shares of DowDuPont in the 3rd quarter valued at about $1,920,750,000. Wells Fargo & Company MN bought a new position in shares of DowDuPont in the 3rd quarter valued at about $1,111,269,000. Third Point LLC bought a new position in shares of DowDuPont in the 3rd quarter valued at about $1,041,116,000. Finally, Ameriprise Financial Inc. bought a new position in shares of DowDuPont in the 3rd quarter valued at about $839,246,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.
Shares of DowDuPont stock opened at $67.43 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. DowDuPont Inc has a 12 month low of $59.29 and a 12 month high of $77.08. The firm has a market cap of $154,623.83, a P/E ratio of 42.95, a PEG ratio of 1.69 and a beta of 1.24.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $19.46 billion. The company’s quarterly revenue was up 54.1% compared to the same quarter last year. sell-side analysts expect that DowDuPont Inc will post 4.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Tuesday, February 27th. DowDuPont’s dividend payout ratio is presently 96.82%.
In other news, insider Ronald C. Edmonds sold 15,000 shares of DowDuPont stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $71.83, for a total transaction of $1,077,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Charles J. Kalil sold 69,400 shares of DowDuPont stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total transaction of $5,042,604.00. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
DWDP has been the subject of a number of analyst reports. Goldman Sachs initiated coverage on shares of DowDuPont in a report on Monday, December 4th. They issued a “buy” rating for the company. Stephens initiated coverage on shares of DowDuPont in a report on Monday, December 4th. They issued an “overweight” rating and a $83.00 price target for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 price target on shares of DowDuPont in a report on Friday, December 8th. ValuEngine raised shares of DowDuPont from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research raised shares of DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $80.71.
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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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