Foyston Gordon & Payne Inc cut its holdings in DowDuPont Inc (NYSE:DWDP) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,844 shares of the company’s stock after selling 1,745 shares during the period. Foyston Gordon & Payne Inc’s holdings in DowDuPont were worth $2,112,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Cascade Investment Advisors Inc. grew its stake in shares of DowDuPont by 85.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock valued at $118,000 after buying an additional 825 shares during the period. Arlington Partners LLC grew its stake in shares of DowDuPont by 334.8% in the 3rd quarter. Arlington Partners LLC now owns 1,948 shares of the company’s stock valued at $125,000 after buying an additional 1,500 shares during the period. SG3 Management LLC acquired a new stake in shares of DowDuPont in the 2nd quarter valued at about $132,000. D. Scott Neal Inc. acquired a new stake in shares of DowDuPont in the 2nd quarter valued at about $152,000. Finally, JNBA Financial Advisors grew its stake in shares of DowDuPont by 291.0% in the 3rd quarter. JNBA Financial Advisors now owns 2,420 shares of the company’s stock valued at $156,000 after buying an additional 1,801 shares during the period. 69.45% of the stock is owned by hedge funds and other institutional investors.
In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.42% of the stock is owned by company insiders.
DWDP stock opened at $58.68 on Friday. The stock has a market cap of $139.35 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.44 and a beta of 1.48. 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 Inc has a 52-week low of $51.32 and a 52-week high of $77.08.
DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. On average, analysts forecast that DowDuPont Inc will post 4.15 EPS for the current year.
The company 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 dividend of $0.38 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.59%. DowDuPont’s dividend payout ratio is currently 44.71%.
DWDP has been the subject of several research reports. Barclays reduced their target price on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 6th. ValuEngine downgraded DowDuPont from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Citigroup reduced their target price on DowDuPont to $67.00 and set a “buy” rating for the company in a research note on Monday, November 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut their price target on DowDuPont from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Finally, Deutsche Bank reiterated a “buy” rating and set a $72.00 price target on shares of DowDuPont in a research note on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $78.17.
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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