Lazard Asset Management LLC trimmed its stake in shares of DowDuPont Inc (NYSE:DWDP) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 646,315 shares of the company’s stock after selling 40,328 shares during the period. Lazard Asset Management LLC’s holdings in DowDuPont were worth $46,030,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in DWDP. Third Point LLC purchased a new stake in DowDuPont in the 3rd quarter worth about $1,041,116,000. Synovus Financial Corp purchased a new stake in DowDuPont in the 3rd quarter worth about $9,887,000. River Wealth Advisors LLC purchased a new stake in DowDuPont in the 3rd quarter worth about $279,000. CNA Financial Corp purchased a new stake in DowDuPont in the 3rd quarter worth about $3,569,000. Finally, OZ Management LP purchased a new stake in DowDuPont in the 3rd quarter worth about $626,235,000. 70.55% of the stock is owned by institutional investors and hedge funds.
DowDuPont Inc (DWDP) opened at $70.57 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.26. DowDuPont Inc has a 52-week low of $59.29 and a 52-week high of $77.08. The firm has a market capitalization of $166,152.48, a PE ratio of 44.95, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, February 27th. DowDuPont’s dividend payout ratio is 96.82%.
Several equities research analysts recently issued reports on DWDP shares. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research raised DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, January 30th. Royal Bank of Canada reissued a “buy” rating and issued a $86.00 price objective on shares of DowDuPont in a research note on Friday, December 8th. Jefferies Group reissued a “buy” rating and issued a $85.00 price objective on shares of DowDuPont in a research note on Friday, February 2nd. Finally, Nomura increased their price objective on DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $80.71.
In other news, General Counsel Charles J. Kalil sold 69,400 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.66, for a total transaction of $5,042,604.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ronald C. Edmonds sold 15,000 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $71.83, for a total value of $1,077,450.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,064 shares of company stock worth $6,797,500. 0.89% of the stock is currently owned by insiders.
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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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