Tocqueville Asset Management L.P. grew its position in DowDuPont Inc (NYSE:DWDP) by 9.5% in the first quarter, HoldingsChannel.com reports. The firm owned 985,677 shares of the company’s stock after acquiring an additional 85,365 shares during the period. Tocqueville Asset Management L.P.’s holdings in DowDuPont were worth $52,546,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc boosted its holdings in shares of DowDuPont by 0.7% during the third quarter. Vanguard Group Inc now owns 179,394,835 shares of the company’s stock worth $11,536,882,000 after acquiring an additional 1,236,916 shares during the period. CAPROCK Group Inc. boosted its holdings in shares of DowDuPont by 2.5% during the fourth quarter. CAPROCK Group Inc. now owns 12,096 shares of the company’s stock worth $647,000 after acquiring an additional 290 shares during the period. Texas Capital Bancshares Inc. TX boosted its holdings in shares of DowDuPont by 7.7% during the fourth quarter. Texas Capital Bancshares Inc. TX now owns 5,743 shares of the company’s stock worth $307,000 after acquiring an additional 411 shares during the period. Evolution Wealth Advisors LLC bought a new stake in shares of DowDuPont during the fourth quarter worth approximately $38,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of DowDuPont by 8.5% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,544 shares of the company’s stock worth $350,000 after acquiring an additional 511 shares during the period. Institutional investors and hedge funds own 67.74% of the company’s stock.
Several equities research analysts recently issued reports on the company. Royal Bank of Canada cut DowDuPont from a “top pick” rating to a “sector perform” rating and cut their price target for the company from $183.00 to $120.00 in a research note on Tuesday, April 16th. ValuEngine cut DowDuPont from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 3rd. BMO Capital Markets cut their price target on DowDuPont from $132.00 to $129.00 and set an “outperform” rating for the company in a research note on Friday, May 10th. Nomura cut their price target on DowDuPont from $171.00 to $117.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Finally, SunTrust Banks cut their price target on DowDuPont to $123.00 and set a “positive” rating for the company in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $165.45.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.10 by $0.42. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. The business had revenue of $19.65 billion during the quarter, compared to the consensus estimate of $19.47 billion. During the same period in the previous year, the business earned $3.36 earnings per share. The company’s revenue was down 8.7% on a year-over-year basis. On average, analysts expect that DowDuPont Inc will post 2.14 earnings per share for the current fiscal year.
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DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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