Securian Asset Management Inc decreased its position in DowDuPont Inc (NYSE:DWDP) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,281 shares of the company’s stock after selling 1,226 shares during the quarter. Securian Asset Management Inc’s holdings in DowDuPont were worth $15,002,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DWDP. Cascade Investment Advisors Inc. increased its position in shares of DowDuPont by 85.1% during the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock worth $118,000 after acquiring an additional 825 shares during the period. Arlington Partners LLC increased its position in shares of DowDuPont by 334.8% during the third 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 shares of DowDuPont during the second quarter worth $132,000. D. Scott Neal Inc. purchased a new stake in shares of DowDuPont during the second quarter worth $152,000. Finally, Credit Agricole S A purchased a new stake in shares of DowDuPont during the second quarter worth $160,000. 69.47% of the stock is currently owned by institutional investors.
Shares of DWDP stock opened at $52.00 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.15. The firm has a market cap of $123.25 billion, a P/E ratio of 15.29, a PEG ratio of 1.27 and a beta of 1.35. DowDuPont Inc has a 12 month low of $51.32 and a 12 month high of $77.08.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.38 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.52 annualized dividend and a yield of 2.92%. DowDuPont’s dividend payout ratio is presently 44.71%.
In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $70.75, for a total value of $7,120,633.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward D. Breen acquired 29,580 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was bought at an average price of $67.61 per share, with a total value of $1,999,903.80. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.
A number of analysts have recently weighed in on DWDP shares. Citigroup reaffirmed a “buy” rating and set a $74.00 price objective (down previously from $79.00) on shares of DowDuPont in a research report on Thursday, October 11th. Stephens lowered DowDuPont from an “overweight” rating to a “hold” rating and set a $63.00 price objective on the stock. in a research report on Friday, October 19th. ValuEngine lowered DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Nomura lowered DowDuPont from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $81.00 to $76.00 in a research report on Wednesday, September 26th. Finally, BNP Paribas started coverage on DowDuPont in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $75.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.06.
DowDuPont Company 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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