SeaTown Holdings Pte. Ltd. boosted its holdings in DowDuPont Inc (NYSE:DWDP) by 292.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,500 shares of the company’s stock after buying an additional 162,082 shares during the quarter. DowDuPont makes up about 2.1% of SeaTown Holdings Pte. Ltd.’s holdings, making the stock its 20th largest position. SeaTown Holdings Pte. Ltd.’s holdings in DowDuPont were worth $13,987,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of DWDP. Bristlecone Advisors LLC grew its holdings in shares of DowDuPont by 40.9% during the third quarter. Bristlecone Advisors LLC now owns 11,596 shares of the company’s stock worth $746,000 after purchasing an additional 3,365 shares during the last quarter. Tower Bridge Advisors grew its holdings in shares of DowDuPont by 4.1% during the third quarter. Tower Bridge Advisors now owns 253,557 shares of the company’s stock worth $16,306,000 after purchasing an additional 10,091 shares during the last quarter. Neville Rodie & Shaw Inc. grew its holdings in shares of DowDuPont by 4.6% during the third quarter. Neville Rodie & Shaw Inc. now owns 312,922 shares of the company’s stock worth $20,124,000 after purchasing an additional 13,692 shares during the last quarter. Patriot Wealth Management Inc. grew its holdings in shares of DowDuPont by 2.2% during the third quarter. Patriot Wealth Management Inc. now owns 139,502 shares of the company’s stock worth $8,971,000 after purchasing an additional 3,012 shares during the last quarter. Finally, Berkshire Asset Management LLC PA grew its holdings in shares of DowDuPont by 30.7% during the third quarter. Berkshire Asset Management LLC PA now owns 17,130 shares of the company’s stock worth $1,102,000 after purchasing an additional 4,019 shares during the last quarter. 69.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DWDP opened at $57.73 on Monday. DowDuPont Inc has a fifty-two week low of $51.32 and a fifty-two week high of $77.08. The stock has a market cap of $134.45 billion, a PE ratio of 16.98, a price-to-earnings-growth 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 1.05.
DowDuPont (NYSE:DWDP) last announced its earnings results on Thursday, November 1st. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The business had revenue of $20.12 billion during the quarter, compared to the consensus estimate of $20.24 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, sell-side analysts anticipate that DowDuPont Inc will post 4.15 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 2.63%. DowDuPont’s payout ratio is currently 44.71%.
Several brokerages have issued reports on DWDP. Citigroup dropped their price objective on DowDuPont to $67.00 and set a “buy” rating on the stock in a report on Monday. They noted that the move was a valuation call. ValuEngine raised DowDuPont from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. MED reaffirmed a “buy” rating and set a $90.00 price objective on shares of DowDuPont in a report on Thursday, August 2nd. Barclays dropped their price objective on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Finally, Alembic Global Advisors set a $90.00 target price on shares of DowDuPont and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $78.00.
In related news, General Counsel Charles J. Kalil sold 100,645 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward D. Breen acquired 29,580 shares of DowDuPont stock in a transaction that occurred on Wednesday, August 8th. The stock was purchased at an average price 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 owned by company insiders.
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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