Morgan Stanley decreased its stake in shares of DowDuPont Inc (NYSE:DWDP) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,830,665 shares of the company’s stock after selling 1,170,825 shares during the quarter. Morgan Stanley’s holdings in DowDuPont were worth $1,307,237,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of DWDP. Ruffer LLP increased its holdings in shares of DowDuPont by 22,779.8% during the 2nd quarter. Ruffer LLP now owns 3,412,744 shares of the company’s stock worth $225,087,000 after acquiring an additional 3,397,828 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of DowDuPont by 38.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,458,290 shares of the company’s stock worth $538,878,000 after acquiring an additional 2,344,766 shares during the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of DowDuPont by 23.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 8,638,870 shares of the company’s stock worth $550,383,000 after acquiring an additional 1,621,876 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of DowDuPont by 41.8% during the 2nd quarter. Bank of Montreal Can now owns 3,903,088 shares of the company’s stock worth $257,292,000 after acquiring an additional 1,149,757 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. acquired a new position in shares of DowDuPont during the 1st quarter worth approximately $59,025,000. 69.49% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on DWDP shares. UBS Group boosted their target price on DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. MED reissued a “buy” rating and set a $90.00 target price on shares of DowDuPont in a report on Tuesday, June 5th. Barclays decreased their target price on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Finally, ValuEngine lowered DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. DowDuPont presently has a consensus rating of “Buy” and a consensus target price of $81.81.
DWDP opened at $68.58 on Monday. The firm has a market capitalization of $161.26 billion, a P/E ratio of 20.17, a PEG ratio of 1.65 and a beta of 1.34. DowDuPont Inc has a 1 year low of $61.27 and a 1 year high of $77.08. The company has a quick ratio of 1.15, a current ratio of 1.70 and a debt-to-equity ratio of 0.27.
DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.08. The business had revenue of $24.25 billion during the quarter, compared to the consensus estimate of $23.71 billion. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The firm’s revenue for the quarter was up 75.3% compared to the same quarter last year. research analysts expect that DowDuPont Inc will post 4.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.52 annualized dividend and a yield of 2.22%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
In other news, CEO Edward D. Breen purchased 29,580 shares of DowDuPont stock in a transaction that occurred on Wednesday, August 8th. The stock was acquired at an average cost of $67.61 per share, for a total transaction of $1,999,903.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $70.75, for a total value of $7,120,633.75. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
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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