DowDuPont Inc (NYSE:DWDP) – Investment analysts at Jefferies Financial Group upped their Q3 2018 earnings per share (EPS) estimates for shares of DowDuPont in a note issued to investors on Monday, September 17th. Jefferies Financial Group analyst L. Alexander now expects that the company will earn $0.68 per share for the quarter, up from their prior estimate of $0.65. Jefferies Financial Group also issued estimates for DowDuPont’s Q4 2018 earnings at $1.08 EPS, FY2019 earnings at $5.15 EPS and FY2020 earnings at $5.90 EPS.
DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $23.71 billion. The company’s revenue for the quarter was up 75.3% on a year-over-year basis.
A number of other research firms also recently commented on DWDP. Barclays reduced their target price on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 6th. ValuEngine downgraded DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. UBS Group raised their target price on DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, MED reaffirmed a “buy” rating and set a $90.00 price target on shares of DowDuPont in a research note on Tuesday, June 5th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $81.81.
DowDuPont stock opened at $68.82 on Tuesday. DowDuPont has a one year low of $61.27 and a one year high of $77.08. 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 capitalization of $159.72 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.34.
The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Thursday, August 30th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
In other news, CEO Edward D. Breen purchased 29,580 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was acquired at an average price of $67.61 per share, with a total value of $1,999,903.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction on Monday, August 27th. The stock was sold at an average price of $70.75, for a total value of $7,120,633.75. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
A number of institutional investors have recently bought and sold shares of DWDP. Saturna Capital CORP grew its holdings in DowDuPont by 1.1% in the 2nd quarter. Saturna Capital CORP now owns 662,596 shares of the company’s stock valued at $43,678,000 after buying an additional 7,470 shares during the period. Partnervest Advisory Services LLC purchased a new stake in DowDuPont in the 2nd quarter valued at about $246,000. AGF Investments Inc. grew its holdings in DowDuPont by 12.0% in the 2nd quarter. AGF Investments Inc. now owns 350,078 shares of the company’s stock valued at $23,077,000 after buying an additional 37,610 shares during the period. Elmwood Wealth Management Inc. purchased a new stake in DowDuPont in the 1st quarter valued at about $102,000. Finally, Cpwm LLC purchased a new stake in DowDuPont in the 2nd quarter valued at about $259,000. Hedge funds and other institutional investors own 69.41% of the company’s stock.
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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