LS Investment Advisors LLC lowered its stake in DowDuPont Inc (NYSE:DWDP) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,620 shares of the company’s stock after selling 8,935 shares during the quarter. LS Investment Advisors LLC’s holdings in DowDuPont were worth $5,742,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tradewinds Capital Management LLC purchased a new position in DowDuPont during the 3rd quarter valued at about $101,000. Winfield Associates Inc. purchased a new position in DowDuPont during the 3rd quarter valued at about $103,000. Peddock Capital Advisors LLC purchased a new position in DowDuPont during the 3rd quarter valued at about $106,000. AllSquare Wealth Management LLC purchased a new position in DowDuPont during the 3rd quarter valued at about $108,000. Finally, NewSquare Capital LLC purchased a new position in DowDuPont during the 3rd quarter valued at about $109,000. 69.54% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Andrew N. Liveris sold 78,582 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $71.00, for a total value of $5,579,322.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew N. Liveris sold 29,723 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $71.50, for a total value of $2,125,194.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,371 shares of company stock valued at $21,918,009. 0.89% of the stock is owned by corporate insiders.
Shares of DowDuPont Inc (NYSE DWDP) opened at $71.95 on Tuesday. The stock has a market capitalization of $167,573.19, a PE ratio of 45.83, a PEG ratio of 1.83 and a beta of 1.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. DowDuPont Inc has a 1-year low of $59.29 and a 1-year high of $77.08.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.16. The business had revenue of $20.07 billion during the quarter, compared to analyst estimates of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. DowDuPont’s quarterly revenue was up 54.1% on a year-over-year basis. sell-side analysts anticipate that DowDuPont Inc will post 4.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 2.11%. DowDuPont’s dividend payout ratio is 96.82%.
Several equities analysts have weighed in on DWDP shares. UBS Group lifted their target price on DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Morgan Stanley lifted their target price on DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $86.00 target price on shares of DowDuPont in a research note on Friday, December 8th. Zacks Investment Research raised DowDuPont from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $80.71.
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DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.
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