Wade G W & Inc. boosted its stake in shares of DowDuPont Inc (NYSE:DWDP) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 174,377 shares of the company’s stock after buying an additional 2,644 shares during the period. DowDuPont comprises 1.4% of Wade G W & Inc.’s investment portfolio, making the stock its 22nd largest holding. Wade G W & Inc.’s holdings in DowDuPont were worth $12,419,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC acquired a new stake in DowDuPont during the 3rd quarter worth about $101,000. Winfield Associates Inc. acquired a new stake in DowDuPont during the 3rd quarter worth about $103,000. Peddock Capital Advisors LLC acquired a new stake in DowDuPont during the 3rd quarter worth about $106,000. AllSquare Wealth Management LLC purchased a new position in DowDuPont during the 3rd quarter valued at about $108,000. Finally, NewSquare Capital LLC purchased a new position in DowDuPont during the 3rd quarter valued at about $109,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.
DWDP has been the topic of several research analyst reports. Goldman Sachs Group initiated coverage on DowDuPont in a research note on Monday, December 4th. They set a “buy” rating on the stock. Stephens initiated coverage on DowDuPont in a research note on Monday, December 4th. They set an “overweight” rating and a $83.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $86.00 target price on shares of DowDuPont in a research note on Friday, December 8th. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research raised DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $80.71.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.16. The business had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The company’s revenue was up 54.1% on a year-over-year basis. research analysts expect that DowDuPont Inc will post 4.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 2.10%. DowDuPont’s payout ratio is currently 178.82%.
In other DowDuPont news, insider Andrew N. Liveris sold 78,582 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $71.00, for a total transaction of $5,579,322.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Charles J. Kalil sold 69,400 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.66, for a total value of $5,042,604.00. The disclosure for this sale can be found here. Insiders have sold 157,646 shares of company stock valued at $11,299,372 in the last ninety days. Company insiders own 0.89% of the company’s stock.
DowDuPont Company Profile
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.
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