American Century Companies Inc. grew its stake in shares of DowDuPont Inc (NYSE:DWDP) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,311,204 shares of the company’s stock after acquiring an additional 83,086 shares during the quarter. American Century Companies Inc. owned about 0.10% of DowDuPont worth $148,634,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in DWDP. Bank of The West lifted its stake in shares of DowDuPont by 2.2% in the 3rd quarter. Bank of The West now owns 107,599 shares of the company’s stock worth $6,920,000 after purchasing an additional 2,311 shares during the period. Cadence Capital Management LLC lifted its stake in shares of DowDuPont by 20.6% in the 3rd quarter. Cadence Capital Management LLC now owns 202,868 shares of the company’s stock worth $13,046,000 after purchasing an additional 34,690 shares during the period. Gabelli Funds LLC raised its stake in DowDuPont by 0.5% during the 3rd quarter. Gabelli Funds LLC now owns 508,479 shares of the company’s stock worth $32,700,000 after acquiring an additional 2,590 shares during the period. Gamco Investors INC. ET AL raised its stake in DowDuPont by 2.0% during the 3rd quarter. Gamco Investors INC. ET AL now owns 492,967 shares of the company’s stock worth $31,703,000 after acquiring an additional 9,518 shares during the period. Finally, Bbva Compass Bancshares Inc. raised its stake in DowDuPont by 9.7% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 34,953 shares of the company’s stock worth $2,248,000 after acquiring an additional 3,095 shares during the period. 69.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on DWDP shares. Nomura cut shares of DowDuPont from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $81.00 to $76.00 in a research note on Wednesday, September 26th. ValuEngine cut shares of DowDuPont from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. BNP Paribas started coverage on shares of DowDuPont in a research note on Tuesday, October 2nd. They set a “neutral” rating and a $75.00 target price on the stock. Citigroup decreased their target price on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, September 21st. Finally, Deutsche Bank restated a “buy” rating and set a $72.00 target price on shares of DowDuPont in a research note on Friday, October 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $78.17.
DowDuPont stock opened at $58.68 on Friday. The company has a market cap of $135.13 billion, a PE ratio of 17.26, a P/E/G ratio of 1.40 and a beta of 1.48. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27. DowDuPont Inc has a 1 year low of $51.32 and a 1 year high of $77.08.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. As a group, analysts anticipate that DowDuPont Inc will post 4.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, November 29th. DowDuPont’s payout ratio is currently 44.71%.
In other 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 available at this hyperlink. Company 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.
Further Reading: Earnings Per Share
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