Biegel & Waller LLC Has $4.72 Million Stake in DowDuPont Inc (DWDP)

Biegel & Waller LLC lifted its position in DowDuPont Inc (NYSE:DWDP) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,377 shares of the company’s stock after acquiring an additional 3,406 shares during the period. DowDuPont comprises approximately 2.7% of Biegel & Waller LLC’s holdings, making the stock its 11th largest position. Biegel & Waller LLC’s holdings in DowDuPont were worth $4,719,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC grew its position in DowDuPont by 27.4% during the third quarter. DAVENPORT & Co LLC now owns 947,018 shares of the company’s stock valued at $60,903,000 after purchasing an additional 203,522 shares in the last quarter. KAMES CAPITAL plc purchased a new position in DowDuPont during the third quarter valued at approximately $190,000. Gradient Investments LLC grew its position in DowDuPont by 4.7% during the third quarter. Gradient Investments LLC now owns 163,172 shares of the company’s stock valued at $10,494,000 after purchasing an additional 7,306 shares in the last quarter. Gofen & Glossberg LLC IL grew its position in DowDuPont by 5.0% during the third quarter. Gofen & Glossberg LLC IL now owns 502,261 shares of the company’s stock valued at $32,300,000 after purchasing an additional 23,777 shares in the last quarter. Finally, Vigilant Capital Management LLC grew its position in DowDuPont by 116.1% during the third quarter. Vigilant Capital Management LLC now owns 16,429 shares of the company’s stock valued at $1,057,000 after purchasing an additional 8,828 shares in the last quarter. 69.42% of the stock is currently owned by institutional investors and hedge funds.

DWDP stock opened at $59.66 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $149.78 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. DowDuPont Inc has a 12 month low of $58.81 and a 12 month high of $77.08.

DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.08. The company had revenue of $24.25 billion during the quarter, compared to the consensus estimate of $23.71 billion. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The firm’s quarterly revenue was up 75.3% compared to the same quarter last year. On average, equities research analysts predict that DowDuPont Inc will post 4.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.55%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio is 44.71%.

In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward D. Breen bought 29,580 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was acquired at an average cost of $67.61 per share, with a total value of $1,999,903.80. The disclosure for this purchase can be found here. Insiders own 0.42% of the company’s stock.

DWDP has been the topic of a number of research analyst reports. Nomura downgraded shares of DowDuPont from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $81.00 to $76.00 in a research report on Wednesday, September 26th. BNP Paribas initiated coverage on shares of DowDuPont in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $75.00 price objective on the stock. ValuEngine downgraded shares of DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Citigroup lowered their price objective on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. Finally, Barclays lowered their price objective on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $80.31.

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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