Cubist Systematic Strategies LLC boosted its position in DowDuPont Inc (NYSE:DWDP) by 134.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,259 shares of the company’s stock after buying an additional 39,751 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in DowDuPont were worth $4,566,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Elmwood Wealth Management Inc. bought a new stake in DowDuPont in the first quarter valued at about $102,000. Winthrop Partners WNY LLC bought a new stake in DowDuPont in the first quarter valued at about $111,000. Institutional & Family Asset Management LLC acquired a new position in DowDuPont in the first quarter valued at approximately $117,000. Cascade Investment Advisors Inc. boosted its stake in DowDuPont by 85.1% in the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock valued at $118,000 after acquiring an additional 825 shares during the period. Finally, SG3 Management LLC acquired a new position in DowDuPont in the second quarter valued at approximately $132,000. 69.49% of the stock is owned by hedge funds and other institutional investors.
Shares of DWDP stock opened at $68.58 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.15. The company has a market capitalization of $161.26 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.65 and a beta of 1.34. DowDuPont Inc has a 52 week low of $61.27 and a 52 week high of $77.08.
DowDuPont (NYSE:DWDP) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping 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%. DowDuPont’s quarterly revenue was up 75.3% on a year-over-year basis. analysts predict that DowDuPont Inc will post 4.2 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were given a dividend of $0.38 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.22%. DowDuPont’s dividend payout ratio is presently 44.71%.
DWDP has been the subject of a number of research reports. MED restated a “buy” rating and issued a $90.00 target price on shares of DowDuPont in a research note on Thursday, August 2nd. UBS Group lifted their target price on DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Barclays decreased their target price on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 6th. Finally, ValuEngine upgraded DowDuPont from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $81.81.
In other DowDuPont news, CEO Edward D. Breen acquired 29,580 shares of DowDuPont stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Charles J. Kalil sold 100,645 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was 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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