Mariner LLC Has $2.70 Million Stake in DowDuPont Inc (DWDP)

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Mariner LLC increased its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,321 shares of the company’s stock after buying an additional 6,034 shares during the quarter. Mariner LLC’s holdings in DowDuPont were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in DWDP. Certified Advisory Corp purchased a new position in DowDuPont during the 4th quarter worth $101,000. Elmwood Wealth Management Inc. purchased a new position in DowDuPont during the 1st quarter worth $102,000. Financial Gravity Companies Inc. purchased a new position in DowDuPont during the 4th quarter worth $106,000. Institutional & Family Asset Management LLC acquired a new stake in DowDuPont during the 1st quarter worth about $117,000. Finally, Delpha Capital Management LLC acquired a new stake in DowDuPont during the 4th quarter worth about $122,000. Hedge funds and other institutional investors own 69.21% of the company’s stock.

Shares of DowDuPont opened at $66.36 on Wednesday, Marketbeat reports. The stock has a market capitalization of $157.88 billion, a PE ratio of 19.52, a P/E/G ratio of 1.70 and a beta of 1.30. The company has a quick ratio of 1.21, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. DowDuPont Inc has a 52-week low of $61.27 and a 52-week high of $77.08.

DowDuPont (NYSE:DWDP) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The business had revenue of $21.51 billion during the quarter, compared to analysts’ expectations of $21.31 billion. DowDuPont had a return on equity of 8.01% and a net margin of 2.37%. The company’s revenue for the quarter was up 62.6% on a year-over-year basis. equities research analysts expect that DowDuPont Inc will post 4.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Thursday, May 31st were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.29%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

In related news, insider Andrew N. Liveris sold 268,406 shares of DowDuPont stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $68.94, for a total value of $18,503,909.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Charles J. Kalil sold 19,841 shares of DowDuPont stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $68.40, for a total value of $1,357,124.40. The disclosure for this sale can be found here. In the last three months, insiders sold 518,095 shares of company stock valued at $35,702,234. Insiders own 0.42% of the company’s stock.

A number of brokerages have commented on DWDP. Bank of America lowered their price target on DowDuPont from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, April 10th. MED reaffirmed a “buy” rating and set a $90.00 price target on shares of DowDuPont in a research report on Thursday, May 17th. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Citigroup lowered their price target on DowDuPont from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $85.00 price target on shares of DowDuPont in a research report on Tuesday, April 17th. Five equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. DowDuPont has an average rating of “Buy” and a consensus target price of $81.13.

About DowDuPont

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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