Private Advisor Group LLC lifted its position in shares of DowDuPont Inc (NYSE:DWDP) by 42.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,934 shares of the company’s stock after acquiring an additional 51,309 shares during the period. Private Advisor Group LLC’s holdings in DowDuPont were worth $10,993,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Empirical Finance LLC bought a new stake in DowDuPont in the second quarter valued at $258,000. Fisher Asset Management LLC lifted its stake in DowDuPont by 41.9% in the second quarter. Fisher Asset Management LLC now owns 15,748 shares of the company’s stock valued at $1,038,000 after buying an additional 4,647 shares during the last quarter. Nadler Financial Group Inc. bought a new stake in DowDuPont in the second quarter valued at $221,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in DowDuPont by 15.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 40,997 shares of the company’s stock valued at $2,703,000 after buying an additional 5,600 shares during the last quarter. Finally, Grassi Investment Management lifted its stake in DowDuPont by 1.5% in the second quarter. Grassi Investment Management now owns 131,768 shares of the company’s stock valued at $8,686,000 after buying an additional 1,934 shares during the last quarter. 69.45% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the company. Citigroup cut their target price on DowDuPont to $67.00 and set a “buy” rating on the stock in a research note on Monday. They noted that the move was a valuation call. TheStreet cut DowDuPont from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. cut their target price on DowDuPont from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Nomura cut their target price on DowDuPont from $76.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. Finally, BMO Capital Markets cut their target price on DowDuPont from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. One 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 currently has an average rating of “Buy” and a consensus target price of $78.00.
In related news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.42% of the company’s stock.
NYSE:DWDP opened at $58.02 on Wednesday. The stock has a market cap of $134.45 billion, a P/E ratio of 17.06, a PEG ratio of 1.39 and a beta of 1.48. DowDuPont Inc has a 52-week low of $51.32 and a 52-week high of $77.08. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27.
DowDuPont (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The firm had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. DowDuPont’s revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Sell-side analysts anticipate that DowDuPont Inc will post 4.15 earnings per share for the current fiscal 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. 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 2.62%. DowDuPont’s dividend payout ratio is currently 44.71%.
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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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