DowDuPont Inc (DWDP) Sees Significant Growth in Short Interest

DowDuPont Inc (NYSE:DWDP) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 21,810,975 shares, a growth of 18.9% from the May 31st total of 18,346,941 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 9,682,518 shares, the short-interest ratio is currently 2.3 days.

Several equities analysts have issued reports on DWDP shares. Deutsche Bank dropped their target price on DowDuPont from $84.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, May 4th. Citigroup dropped their target price on DowDuPont from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, May 4th. Royal Bank of Canada reiterated a “buy” rating and set a $85.00 target price on shares of DowDuPont in a research report on Tuesday, April 17th. Bank of America dropped their target price on DowDuPont from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, April 10th. Finally, HSBC raised DowDuPont from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Five investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. DowDuPont currently has a consensus rating of “Buy” and a consensus target price of $81.13.

DWDP stock opened at $65.92 on Friday. DowDuPont has a 1 year low of $61.27 and a 1 year high of $77.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 1.87. The company has a market capitalization of $152.81 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.64 and a beta of 1.30.

DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, May 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. DowDuPont had a return on equity of 8.01% and a net margin of 2.37%. The firm had revenue of $21.51 billion for the quarter, compared to analyst estimates of $21.31 billion. The business’s revenue was up 62.6% on a year-over-year basis. analysts expect that DowDuPont will post 4.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, August 30th. DowDuPont’s payout ratio is currently 44.71%.

In other DowDuPont news, insider Andrew N. Liveris sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $69.57, for a total transaction of $6,957,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Charles J. Kalil sold 129,848 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $68.42, for a total value of $8,884,200.16. The disclosure for this sale can be found here. Insiders have sold a total of 518,095 shares of company stock worth $35,702,234 in the last quarter. 0.42% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in DowDuPont by 4.5% in the 4th quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 16,298 shares of the company’s stock valued at $1,232,000 after buying an additional 705 shares in the last quarter. Buckingham Asset Management LLC lifted its stake in DowDuPont by 3.7% in the 4th quarter. Buckingham Asset Management LLC now owns 20,036 shares of the company’s stock valued at $1,427,000 after buying an additional 719 shares in the last quarter. Budros Ruhlin & Roe Inc. lifted its stake in DowDuPont by 22.9% in the 4th quarter. Budros Ruhlin & Roe Inc. now owns 3,895 shares of the company’s stock valued at $277,000 after buying an additional 727 shares in the last quarter. Wayne Hummer Investments L.L.C. lifted its stake in DowDuPont by 4.0% in the 4th quarter. Wayne Hummer Investments L.L.C. now owns 20,135 shares of the company’s stock valued at $1,434,000 after buying an additional 772 shares in the last quarter. Finally, Trust Co. of Vermont lifted its stake in DowDuPont by 1.7% in the 1st quarter. Trust Co. of Vermont now owns 45,723 shares of the company’s stock valued at $2,913,000 after buying an additional 778 shares in the last quarter. 69.32% of the stock is currently owned by hedge funds and other institutional investors.

DowDuPont Company Profile

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.

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