Hartford Investment Management Co. Has $18.29 Million Position in DowDuPont Inc (DWDP)

Hartford Investment Management Co. cut its stake in shares of DowDuPont Inc (NYSE:DWDP) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 284,358 shares of the company’s stock after selling 7,513 shares during the period. Hartford Investment Management Co.’s holdings in DowDuPont were worth $18,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DWDP. Evermore Global Advisors LLC lifted its position in shares of DowDuPont by 183.9% in the third quarter. Evermore Global Advisors LLC now owns 338,400 shares of the company’s stock valued at $21,763,000 after acquiring an additional 219,200 shares in the last quarter. LLBH Private Wealth Management LLC increased its holdings in shares of DowDuPont by 46.6% in the third quarter. LLBH Private Wealth Management LLC now owns 6,985 shares of the company’s stock worth $449,000 after purchasing an additional 2,219 shares during the last quarter. South State Corp increased its holdings in shares of DowDuPont by 5.2% in the third quarter. South State Corp now owns 267,010 shares of the company’s stock worth $17,171,000 after purchasing an additional 13,229 shares during the last quarter. Bollard Group LLC increased its holdings in shares of DowDuPont by 4.6% in the third quarter. Bollard Group LLC now owns 106,820 shares of the company’s stock worth $6,870,000 after purchasing an additional 4,660 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of DowDuPont by 17.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 48,671 shares of the company’s stock worth $3,130,000 after purchasing an additional 7,325 shares during the last quarter. Institutional investors own 68.61% of the company’s stock.

DWDP opened at $56.37 on Wednesday. The company has a market cap of $134.62 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.39 and a beta of 1.48. DowDuPont Inc has a one year low of $51.32 and a one year 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 released its earnings results on Thursday, November 1st. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. As a group, equities research analysts predict that DowDuPont Inc will post 4.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.70%. DowDuPont’s dividend payout ratio is 44.71%.

Several brokerages have recently issued reports on DWDP. Zacks Investment Research raised DowDuPont from a “sell” rating to a “hold” rating in a report on Monday. BMO Capital Markets set a $79.00 target price on DowDuPont and gave the stock a “buy” rating in a report on Thursday, November 8th. Citigroup reduced their target price on DowDuPont to $67.00 and set a “buy” rating on the stock in a report on Monday, November 5th. They noted that the move was a valuation call. TheStreet cut DowDuPont from a “b-” rating to a “c+” rating in a report on Thursday, November 1st. Finally, JPMorgan Chase & Co. reduced their target price on DowDuPont from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $78.47.

In other news, General Counsel Charles J. Kalil sold 100,645 shares of the company’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 is accessible through this link. Corporate insiders own 0.42% of the company’s stock.

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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: Understanding Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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