Ancora Advisors LLC increased its position in shares of DowDuPont Inc (NYSE:DWDP) by 16.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,764 shares of the company’s stock after acquiring an additional 23,957 shares during the period. Ancora Advisors LLC’s holdings in DowDuPont were worth $10,724,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in DWDP. Bristlecone Advisors LLC boosted its position in shares of DowDuPont by 40.9% in the 3rd quarter. Bristlecone Advisors LLC now owns 11,596 shares of the company’s stock valued at $746,000 after purchasing an additional 3,365 shares during the period. Tower Bridge Advisors boosted its position in shares of DowDuPont by 4.1% in the 3rd quarter. Tower Bridge Advisors now owns 253,557 shares of the company’s stock valued at $16,306,000 after purchasing an additional 10,091 shares during the period. Berkshire Asset Management LLC PA boosted its position in shares of DowDuPont by 30.7% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 17,130 shares of the company’s stock valued at $1,102,000 after purchasing an additional 4,019 shares during the period. Neville Rodie & Shaw Inc. boosted its position in DowDuPont by 4.6% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 312,922 shares of the company’s stock worth $20,124,000 after acquiring an additional 13,692 shares during the period. Finally, Patriot Wealth Management Inc. boosted its position in DowDuPont by 2.2% during the 3rd quarter. Patriot Wealth Management Inc. now owns 139,502 shares of the company’s stock worth $8,971,000 after acquiring an additional 3,012 shares during the period. 68.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have commented on DWDP. Zacks Investment Research upgraded DowDuPont from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. BMO Capital Markets set a $79.00 price objective on DowDuPont and gave the stock a “buy” rating in a research report on Thursday, November 8th. Citigroup decreased their price objective on DowDuPont to $67.00 and set a “buy” rating for the company in a research report on Monday, November 5th. They noted that the move was a valuation call. TheStreet lowered DowDuPont from a “b-” rating to a “c+” rating in a research report on Thursday, November 1st. Finally, JPMorgan Chase & Co. decreased their price objective on DowDuPont from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $78.47.
Shares of DowDuPont stock opened at $57.85 on Monday. The stock has a market cap of $134.73 billion, a PE ratio of 17.01, a PEG ratio of 1.40 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 announced its quarterly earnings results on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business had revenue of $20.12 billion during the quarter, compared to analyst estimates of $20.24 billion. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. The firm’s revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. Equities analysts expect that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.63%. DowDuPont’s dividend payout ratio is 44.71%.
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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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