Tyers Asset Management LLC raised its position in DowDuPont Inc (NYSE:DWDP) by 45.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 370,260 shares of the company’s stock after acquiring an additional 115,522 shares during the period. Tyers Asset Management LLC’s holdings in DowDuPont were worth $24,407,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. HC Financial Advisors Inc. acquired a new stake in shares of DowDuPont during the fourth quarter worth $1,164,000. Argent Trust Co acquired a new stake in shares of DowDuPont during the fourth quarter worth $855,000. Meeder Asset Management Inc. lifted its stake in shares of DowDuPont by 27.7% during the first quarter. Meeder Asset Management Inc. now owns 6,270 shares of the company’s stock worth $400,000 after buying an additional 1,359 shares during the period. American Century Companies Inc. lifted its stake in shares of DowDuPont by 121.7% during the first quarter. American Century Companies Inc. now owns 1,345,574 shares of the company’s stock worth $85,727,000 after buying an additional 738,758 shares during the period. Finally, Buckhead Capital Management LLC lifted its position in DowDuPont by 1.9% during the first quarter. Buckhead Capital Management LLC now owns 86,952 shares of the company’s stock valued at $5,540,000 after purchasing an additional 1,605 shares during the period. Institutional investors own 69.48% of the company’s stock.
In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction on Monday, August 27th. The shares were sold at an average price of $70.75, for a total value of $7,120,633.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew N. Liveris sold 100,000 shares of DowDuPont stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $69.57, for a total transaction of $6,957,000.00. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.
NYSE DWDP opened at $70.00 on Friday. DowDuPont Inc has a 1 year low of $61.27 and a 1 year high of $77.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.15. The firm has a market cap of $163.22 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.67 and a beta of 1.34.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The company had revenue of $24.25 billion during the quarter, compared to analysts’ expectations of $23.71 billion. The company’s revenue was up 75.3% compared to the same quarter last year. equities analysts predict that DowDuPont Inc will post 4.2 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.17%. DowDuPont’s payout ratio is 44.71%.
A number of research firms recently issued reports on DWDP. ValuEngine upgraded shares of DowDuPont from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. MED restated a “buy” rating and set a $90.00 target price on shares of DowDuPont in a research report on Thursday, August 2nd. Barclays decreased their target price on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. Finally, UBS Group boosted their target price on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $81.50.
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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