Impala Asset Management LLC lowered its position in DowDuPont Inc (NYSE:DWDP) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 743,189 shares of the company’s stock after selling 34,122 shares during the quarter. DowDuPont comprises about 1.9% of Impala Asset Management LLC’s holdings, making the stock its 12th biggest holding. Impala Asset Management LLC’s holdings in DowDuPont were worth $52,930,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tradewinds Capital Management LLC purchased a new position in DowDuPont during the third quarter worth about $101,000. Winfield Associates Inc. acquired a new stake in shares of DowDuPont during the third quarter worth about $103,000. Peddock Capital Advisors LLC acquired a new stake in shares of DowDuPont during the third quarter worth about $106,000. AllSquare Wealth Management LLC acquired a new stake in shares of DowDuPont during the third quarter worth about $108,000. Finally, NewSquare Capital LLC acquired a new stake in shares of DowDuPont during the third quarter worth about $109,000. 70.55% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on DWDP shares. ValuEngine raised shares of DowDuPont from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised shares of DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, January 30th. Royal Bank of Canada reissued a “buy” rating and set a $86.00 price target on shares of DowDuPont in a research report on Friday, December 8th. Jefferies Group reissued a “buy” rating and set a $85.00 price target on shares of DowDuPont in a research report on Friday, February 2nd. Finally, Nomura increased their price target on shares of DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $80.71.
Shares of DowDuPont Inc (NYSE DWDP) opened at $70.57 on Wednesday. The firm has a market cap of $166,152.48, a P/E ratio of 44.95, a P/E/G ratio of 1.81 and a beta of 1.24. DowDuPont Inc has a 1-year low of $59.29 and a 1-year high of $77.08. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.29.
DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.16. The firm had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.46 billion. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The business’s revenue for the quarter was up 54.1% on a year-over-year basis. equities analysts forecast that DowDuPont Inc will post 4.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 annualized dividend and a yield of 2.15%. DowDuPont’s dividend payout ratio (DPR) is 96.82%.
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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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