Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Trims Stake in DowDuPont Inc (DWDP)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its stake in shares of DowDuPont Inc (NYSE:DWDP) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,292 shares of the company’s stock after selling 1,677 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in DowDuPont were worth $4,263,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Ruffer LLP raised 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 during the last quarter. Bank of Montreal Can raised its position 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 purchasing an additional 1,149,757 shares during the last quarter. American Century Companies Inc. raised its position 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 purchasing an additional 882,544 shares during the last quarter. CIBC Private Wealth Group LLC raised its position 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 purchasing an additional 765,757 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in shares of DowDuPont by 201.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 902,513 shares of the company’s stock worth $59,494,000 after purchasing an additional 603,259 shares during the last quarter. Institutional investors own 69.45% of the company’s stock.

In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward D. Breen acquired 29,580 shares of the stock in a transaction dated Wednesday, August 8th. The shares were bought at an average cost of $67.61 per share, with a total value of $1,999,903.80. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by insiders.

Several research analysts recently issued reports on DWDP shares. Nomura downgraded DowDuPont from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $81.00 to $76.00 in a research report on Wednesday, September 26th. ValuEngine downgraded DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. BNP Paribas started coverage on DowDuPont in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $75.00 price objective for the company. Citigroup cut their price objective on DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, September 21st. Finally, Deutsche Bank restated a “buy” rating and set a $72.00 price objective on shares of DowDuPont in a research report on Friday, October 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $78.39.

DWDP stock opened at $57.73 on Friday. The company has a market capitalization of $134.45 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.39 and a beta of 1.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.64 and a quick ratio of 1.15. DowDuPont Inc has a one year low of $51.32 and a one year high of $77.08.

DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, November 1st. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The firm had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $20.24 billion. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. DowDuPont’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. As a group, sell-side analysts expect that DowDuPont Inc will post 4.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 annualized dividend and a yield of 2.63%. DowDuPont’s payout ratio is currently 44.71%.

DowDuPont 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.

Further Reading: Are analyst ratings accurate?

Want to see what other hedge funds are holding DWDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DowDuPont Inc (NYSE:DWDP).

Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

Receive News & Ratings for DowDuPont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DowDuPont and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply