Rehmann Capital Advisory Group trimmed its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,290 shares of the company’s stock after selling 5,278 shares during the period. DowDuPont comprises approximately 2.0% of Rehmann Capital Advisory Group’s holdings, making the stock its 8th biggest holding. Rehmann Capital Advisory Group’s holdings in DowDuPont were worth $14,167,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Arlington Partners LLC grew its stake in DowDuPont by 334.8% in the 3rd quarter. Arlington Partners LLC now owns 1,948 shares of the company’s stock worth $125,000 after acquiring an additional 1,500 shares during the period. SG3 Management LLC purchased a new stake in DowDuPont in the 2nd quarter worth approximately $132,000. D. Scott Neal Inc. purchased a new stake in DowDuPont in the 2nd quarter worth approximately $152,000. JNBA Financial Advisors grew its stake in DowDuPont by 291.0% in the 3rd quarter. JNBA Financial Advisors now owns 2,420 shares of the company’s stock worth $156,000 after acquiring an additional 1,801 shares during the period. Finally, Credit Agricole S A purchased a new stake in DowDuPont in the 2nd quarter worth approximately $160,000. 69.89% of the stock is owned by institutional investors and hedge funds.
Shares of DWDP opened at $53.75 on Friday. The firm has a market capitalization of $130.24 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 1.35 and a beta of 1.51. DowDuPont Inc has a fifty-two week low of $51.32 and a fifty-two week high of $77.08. 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 (NYSE:DWDP) last announced its quarterly earnings results 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 company had revenue of $20.12 billion for the quarter, compared to analyst estimates of $20.24 billion. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. DowDuPont’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. Sell-side analysts forecast that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors 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 2.83%. DowDuPont’s payout ratio is 44.71%.
Several analysts have commented on DWDP shares. Citigroup lowered their target price on shares of 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. lowered their target price on shares of DowDuPont from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Deutsche Bank reaffirmed a “buy” rating and issued a $72.00 target price on shares of DowDuPont in a research note on Friday, October 12th. Stephens lowered shares of DowDuPont from an “overweight” rating to a “hold” rating and set a $63.00 price target on the stock. in a report on Friday, October 19th. Finally, BMO Capital Markets decreased their price target on shares of DowDuPont from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $78.47.
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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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