Great Lakes Advisors LLC Grows Position in DowDuPont Inc (DWDP)

Great Lakes Advisors LLC lifted its position in DowDuPont Inc (NYSE:DWDP) by 25.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,609 shares of the company’s stock after acquiring an additional 8,729 shares during the period. Great Lakes Advisors LLC’s holdings in DowDuPont were worth $2,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DWDP. Arlington Partners LLC grew its position in DowDuPont by 334.8% during the 3rd quarter. Arlington Partners LLC now owns 1,948 shares of the company’s stock worth $125,000 after purchasing an additional 1,500 shares during the period. SG3 Management LLC acquired a new stake in DowDuPont during the 2nd quarter worth about $132,000. D. Scott Neal Inc. acquired a new stake in DowDuPont during the 2nd quarter worth about $152,000. JNBA Financial Advisors grew its position in DowDuPont by 291.0% during the 3rd quarter. JNBA Financial Advisors now owns 2,420 shares of the company’s stock worth $156,000 after purchasing an additional 1,801 shares during the period. Finally, Credit Agricole S A acquired a new stake in DowDuPont during the 2nd quarter worth about $160,000. 69.89% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:DWDP opened at $53.75 on Friday. DowDuPont Inc has a 52 week low of $51.32 and a 52 week high of $77.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.64. The stock has a market cap of $130.24 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.35 and a beta of 1.51.

DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, November 1st. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. The firm had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. During the same period last year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 31.1% on a year-over-year basis. As a group, analysts expect that DowDuPont Inc will post 4.14 EPS for the current fiscal year.

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

Several equities research analysts have weighed in on the company. ValuEngine raised DowDuPont from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Citigroup cut their price target on DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. Nomura downgraded DowDuPont from a “buy” rating to a “neutral” rating and cut their price target for the stock from $81.00 to $76.00 in a research report on Wednesday, September 26th. BNP Paribas assumed coverage on DowDuPont in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $75.00 price target on the stock. Finally, BMO Capital Markets set a $79.00 price target on DowDuPont and gave the stock a “buy” rating in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $78.47.

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DowDuPont 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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