DowDuPont (NYSE:DWDP) issued its quarterly earnings data on Thursday. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03, MarketWatch Earnings reports. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The business had revenue of $20.12 billion for the quarter, compared to the consensus estimate of $20.24 billion. During the same period last year, the business earned $0.55 EPS. The firm’s revenue was up 31.1% compared to the same quarter last year.
Shares of DWDP traded up $4.35 on Thursday, reaching $58.27. 23,331,637 shares of the stock traded hands, compared to its average volume of 8,967,878. The stock has a market cap of $122.58 billion, a PE ratio of 17.14, a P/E/G ratio of 1.27 and a beta of 1.35. The company has a current ratio of 1.70, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27. DowDuPont has a 12 month low of $51.32 and a 12 month high of $77.08.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio is presently 44.71%.
In other news, 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 transaction of $7,120,633.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward D. Breen acquired 29,580 shares of the stock in a transaction dated Wednesday, August 8th. The shares were purchased 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. Insiders own 0.42% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DWDP. Summit Trail Advisors LLC boosted its stake in DowDuPont by 19.5% in the 1st quarter. Summit Trail Advisors LLC now owns 13,315 shares of the company’s stock valued at $673,000 after buying an additional 2,169 shares in the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in DowDuPont in the 2nd quarter valued at $2,148,000. Gulf International Bank UK Ltd boosted its stake in DowDuPont by 1.1% in the 2nd quarter. Gulf International Bank UK Ltd now owns 748,511 shares of the company’s stock valued at $49,341,000 after buying an additional 7,952 shares in the last quarter. DnB Asset Management AS boosted its stake in DowDuPont by 6.0% in the 2nd quarter. DnB Asset Management AS now owns 298,471 shares of the company’s stock valued at $19,675,000 after buying an additional 16,900 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. boosted its stake in DowDuPont by 6.1% in the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 20,751 shares of the company’s stock valued at $1,368,000 after buying an additional 1,196 shares in the last quarter. Institutional investors and hedge funds own 69.45% of the company’s stock.
Several research analysts have commented on DWDP shares. Barclays dropped their price target on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Monday, August 6th. ValuEngine downgraded DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Deutsche Bank reaffirmed a “buy” rating and issued a $72.00 price target on shares of DowDuPont in a research report on Friday, October 12th. Stephens downgraded DowDuPont from an “overweight” rating to a “hold” rating and set a $63.00 price target on the stock. in a research report on Friday, October 19th. Finally, Alembic Global Advisors set a $90.00 price target on DowDuPont and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $79.71.
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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