DowDuPont (DWDP) Hits New 12-Month Low at $58.32

DowDuPont Inc (NYSE:DWDP) hit a new 52-week low during trading on Thursday . The company traded as low as $58.32 and last traded at $58.40, with a volume of 427711 shares changing hands. The stock had previously closed at $59.57.

A number of equities research analysts have recently commented on the stock. ValuEngine upgraded shares of DowDuPont from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. MED reiterated a “buy” rating and issued a $90.00 target price on shares of DowDuPont in a research report on Thursday, August 2nd. Barclays reduced their target price on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. Deutsche Bank reiterated a “buy” rating and issued a $72.00 target price on shares of DowDuPont in a research report on Friday, October 12th. Finally, UBS Group increased their target price on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. DowDuPont currently has a consensus rating of “Buy” and a consensus target price of $80.31.

The firm has a market cap of $149.78 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.70.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The firm had revenue of $24.25 billion for the quarter, compared to analyst estimates of $23.71 billion. DowDuPont’s revenue for the quarter was up 75.3% on a year-over-year basis. Research analysts predict that DowDuPont Inc will post 4.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.59%. DowDuPont’s dividend payout ratio (DPR) is 44.71%.

In related news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Edward D. Breen bought 29,580 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were bought at an average price of $67.61 per share, for a total transaction of $1,999,903.80. The disclosure for this purchase can be found here. Company insiders own 0.42% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of DWDP. Ruffer LLP boosted its position 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 purchasing an additional 3,397,828 shares in the last quarter. Bank of Montreal Can raised its stake 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 buying an additional 1,149,757 shares during the last quarter. American Century Companies Inc. raised its stake in shares of DowDuPont by 65.6% during the 2nd quarter. American Century Companies Inc. now owns 2,228,118 shares of the company’s stock worth $146,878,000 after buying an additional 882,544 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of DowDuPont by 51.9% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 2,240,329 shares of the company’s stock worth $147,683,000 after buying an additional 765,757 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its stake in shares of DowDuPont by 5,938.2% during the 1st quarter. Summit Trail Advisors LLC now owns 673,021 shares of the company’s stock worth $673,000 after buying an additional 661,875 shares during the last quarter. Institutional investors own 69.42% of the company’s stock.

About DowDuPont (NYSE:DWDP)

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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