Reliance Trust Co. of Delaware bought a new position in shares of DowDuPont Inc (NYSE:DWDP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 60,159 shares of the company’s stock, valued at approximately $4,284,000. DowDuPont makes up approximately 0.6% of Reliance Trust Co. of Delaware’s portfolio, making the stock its 25th largest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nationwide Fund Advisors acquired a new stake in DowDuPont during the 3rd quarter worth about $71,079,000. Raymond James Financial Services Advisors Inc. purchased a new stake in DowDuPont in the third quarter worth about $35,930,000. Victory Capital Management Inc. purchased a new stake in DowDuPont in the third quarter worth about $7,619,000. Conestoga Capital Advisors LLC purchased a new stake in DowDuPont in the third quarter worth about $606,000. Finally, Conning Inc. purchased a new stake in DowDuPont in the third quarter worth about $39,697,000. Institutional investors and hedge funds own 70.55% of the company’s stock.
A number of brokerages have weighed in on DWDP. ValuEngine upgraded shares of DowDuPont from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Jefferies Group restated a “buy” rating and issued a $85.00 price objective on shares of DowDuPont in a report on Friday, February 2nd. Zacks Investment Research cut shares of DowDuPont from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays cut their price objective on shares of DowDuPont from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Finally, Nomura upped their price objective on shares of DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $80.71.
DowDuPont Inc (NYSE DWDP) opened at $70.57 on Wednesday. The stock has a market cap of $166,152.48, a P/E ratio of 44.95, a PEG ratio of 1.81 and a beta of 1.24. DowDuPont Inc has a 52 week low of $59.29 and a 52 week 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 (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.16. The firm had revenue of $20.07 billion for the quarter, compared to the consensus estimate of $19.46 billion. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The business’s quarterly revenue was up 54.1% on a year-over-year basis. research 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. Stockholders of record on Wednesday, February 28th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 2.15%. DowDuPont’s dividend payout ratio is presently 96.82%.
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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