Blue Chip Partners Inc. cut its stake in DowDuPont Inc (NYSE:DWDP) by 8.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,266 shares of the company’s stock after selling 1,397 shares during the period. Blue Chip Partners Inc.’s holdings in DowDuPont were worth $982,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of DWDP. Summit Trail Advisors LLC raised its holdings in DowDuPont by 19.5% in the 1st quarter. Summit Trail Advisors LLC now owns 13,315 shares of the company’s stock valued at $673,000 after acquiring an additional 2,169 shares in the last quarter. Park National Corp OH raised its holdings in DowDuPont by 6.1% in the 2nd quarter. Park National Corp OH now owns 272,436 shares of the company’s stock valued at $17,959,000 after acquiring an additional 15,776 shares in the last quarter. Cito Capital Group LLC raised its holdings in DowDuPont by 7.5% in the 2nd quarter. Cito Capital Group LLC now owns 28,537 shares of the company’s stock valued at $1,881,000 after acquiring an additional 2,000 shares in the last quarter. Neville Rodie & Shaw Inc. raised its holdings in DowDuPont by 8.3% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 299,230 shares of the company’s stock valued at $19,725,000 after acquiring an additional 22,875 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. acquired a new position in DowDuPont in the 2nd quarter valued at approximately $2,148,000. Hedge funds and other institutional investors own 69.47% of the company’s stock.
Several equities analysts have commented on the company. ValuEngine cut DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. UBS Group upped their price target on DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Stephens cut DowDuPont from an “overweight” rating to a “hold” rating and set a $63.00 price target for the company. in a report on Friday, October 19th. Deutsche Bank reaffirmed a “buy” rating and issued a $72.00 price target on shares of DowDuPont in a report on Friday, October 12th. Finally, Citigroup reaffirmed a “buy” rating and issued a $74.00 price target (down previously from $79.00) on shares of DowDuPont in a report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $79.06.
DWDP stock opened at $52.00 on Friday. DowDuPont Inc has a 1-year low of $51.32 and a 1-year high of $77.08. The company has a market capitalization of $123.25 billion, a PE ratio of 15.29, a P/E/G ratio of 1.27 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.70.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The company had revenue of $24.25 billion for the quarter, compared to analyst estimates of $23.71 billion. The firm’s quarterly revenue was up 75.3% on a year-over-year basis. Analysts forecast that DowDuPont Inc will post 4.16 earnings per share for the current 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 paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.92%. DowDuPont’s dividend payout ratio is currently 44.71%.
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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