Alembic Global Advisors set a $90.00 price objective on DowDuPont (NYSE:DWDP) in a report issued on Thursday. The firm currently has a buy rating on the stock.
A number of other equities research analysts have also recently issued reports on DWDP. ValuEngine cut DowDuPont from a hold rating to a sell rating in a report on Friday, August 3rd. UBS Group boosted their price objective on DowDuPont from $86.00 to $88.00 and gave the stock a buy rating in a report on Thursday, August 2nd. Stephens cut DowDuPont from an overweight rating to a hold rating and set a $63.00 price objective for the company. in a report on Friday, October 19th. Barclays reduced their price objective on DowDuPont from $77.00 to $75.00 and set an equal weight rating for the company in a report on Monday, August 6th. Finally, MED restated a buy rating and set a $90.00 price objective on shares of DowDuPont in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $78.39.
DowDuPont stock opened at $57.73 on Thursday. DowDuPont has a 52 week low of $51.32 and a 52 week high of $77.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.64 and a quick ratio of 1.05. The stock has a market cap of $134.45 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 1.39 and a beta of 1.48.
DowDuPont (NYSE:DWDP) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. The company had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $20.24 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. As a group, sell-side analysts predict that DowDuPont will post 4.15 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is currently 44.71%.
In other news, CEO Edward D. Breen acquired 29,580 shares of the stock in a transaction 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Gulf International Bank UK Ltd raised its position in DowDuPont by 6.0% during the third quarter. Gulf International Bank UK Ltd now owns 793,231 shares of the company’s stock valued at $51,012,000 after purchasing an additional 44,720 shares in the last quarter. BP PLC raised its position in DowDuPont by 6.7% during the third quarter. BP PLC now owns 287,000 shares of the company’s stock valued at $18,457,000 after purchasing an additional 18,000 shares in the last quarter. FineMark National Bank & Trust increased its holdings in shares of DowDuPont by 7.2% during the third quarter. FineMark National Bank & Trust now owns 266,715 shares of the company’s stock worth $17,152,000 after buying an additional 18,023 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of DowDuPont by 3.7% during the third quarter. American Century Companies Inc. now owns 2,311,204 shares of the company’s stock worth $148,634,000 after buying an additional 83,086 shares in the last quarter. Finally, Bank of The West increased its holdings in shares of DowDuPont by 2.2% during the third quarter. Bank of The West now owns 107,599 shares of the company’s stock worth $6,920,000 after buying an additional 2,311 shares in the last quarter. Institutional investors and hedge funds own 69.45% 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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