Decatur Capital Management Inc. cut its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 19.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,170 shares of the company’s stock after selling 25,400 shares during the period. Decatur Capital Management Inc.’s holdings in DowDuPont were worth $6,571,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cascade Investment Advisors Inc. increased its holdings in shares of DowDuPont by 85.1% during the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock worth $118,000 after buying an additional 825 shares in the last quarter. Arlington Partners LLC increased its holdings in shares of DowDuPont by 334.8% during the third quarter. Arlington Partners LLC now owns 1,948 shares of the company’s stock worth $125,000 after buying an additional 1,500 shares in the last quarter. SG3 Management LLC acquired a new position in shares of DowDuPont during the second quarter worth $132,000. D. Scott Neal Inc. acquired a new position in shares of DowDuPont during the second quarter worth $152,000. Finally, JNBA Financial Advisors increased its holdings in shares of DowDuPont by 291.0% during the third quarter. JNBA Financial Advisors now owns 2,420 shares of the company’s stock worth $156,000 after buying an additional 1,801 shares in the last quarter. Hedge funds and other institutional investors own 69.45% of the company’s stock.
NYSE DWDP opened at $58.68 on Friday. The firm has a market capitalization of $139.35 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.44 and a beta of 1.48. DowDuPont Inc has a twelve month low of $51.32 and a twelve month high of $77.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.64 and a quick ratio of 1.05.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. The business had revenue of $20.12 billion during the quarter, compared to the consensus estimate of $20.24 billion. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. DowDuPont’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. On average, sell-side analysts anticipate that DowDuPont Inc will post 4.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.59%. DowDuPont’s dividend payout ratio (DPR) is currently 44.71%.
Several research analysts have recently issued reports on DWDP shares. Citigroup lowered their price target on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a report on Friday, September 21st. Alembic Global Advisors set a $90.00 price objective on DowDuPont and gave the company a “buy” rating in a report on Thursday, November 1st. Deutsche Bank restated a “buy” rating and issued a $72.00 price objective on shares of DowDuPont in a report on Friday, October 12th. MED restated a “buy” rating and issued a $90.00 price objective on shares of DowDuPont in a report on Thursday, August 2nd. Finally, UBS Group increased their price objective on DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. DowDuPont has a consensus rating of “Buy” and an average target price of $78.17.
In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.42% of the company’s stock.
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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