Biegel & Waller LLC Has $4.72 Million Stake in DowDuPont Inc (DWDP)

Biegel & Waller LLC lifted its position in DowDuPont Inc (NYSE:DWDP) by 4.9% in the third quarter, Holdings Channel reports. The institutional investor owned 73,377 shares of the company’s stock after purchasing an additional 3,406 shares during the period. DowDuPont makes up about 2.7% of Biegel & Waller LLC’s holdings, making the stock its 11th largest holding. Biegel & Waller LLC’s holdings in DowDuPont were worth $4,719,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Third Point LLC raised its stake in DowDuPont by 1.6% during the 2nd quarter. Third Point LLC now owns 14,300,000 shares of the company’s stock valued at $942,656,000 after purchasing an additional 225,000 shares during the last quarter. Macquarie Group Ltd. raised its stake in DowDuPont by 4.4% during the 2nd quarter. Macquarie Group Ltd. now owns 10,591,777 shares of the company’s stock valued at $698,219,000 after purchasing an additional 450,504 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in DowDuPont by 2.7% during the 2nd quarter. Epoch Investment Partners Inc. now owns 8,872,180 shares of the company’s stock valued at $584,854,000 after purchasing an additional 233,310 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in DowDuPont by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,846,477 shares of the company’s stock valued at $583,184,000 after buying an additional 388,187 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in DowDuPont by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 8,630,470 shares of the company’s stock valued at $568,921,000 after buying an additional 84,168 shares during the period. Institutional investors and hedge funds own 69.42% of the company’s stock.

DWDP opened at $59.66 on Friday. 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 Inc has a twelve month low of $58.81 and a twelve month high of $77.08. The stock has a market capitalization of $149.78 billion, a PE ratio of 17.69, a PEG ratio of 1.54 and a beta of 1.35.

DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The business had revenue of $24.25 billion for the quarter, compared to analyst estimates of $23.71 billion. The company’s revenue was up 75.3% on a year-over-year basis. Analysts expect that DowDuPont Inc will post 4.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, November 29th. DowDuPont’s payout ratio is 44.71%.

In other news, CEO Edward D. Breen bought 29,580 shares of the stock in a transaction dated Wednesday, August 8th. The shares were acquired at an average price of $67.61 per share, with a total value of $1,999,903.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $70.75, for a total transaction of $7,120,633.75. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on DWDP. ValuEngine raised shares of DowDuPont from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Citigroup lowered their price target on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, September 21st. MED reissued a “buy” rating and issued a $90.00 price target on shares of DowDuPont in a report on Thursday, August 2nd. BNP Paribas began coverage on shares of DowDuPont in a report on Tuesday, October 2nd. They issued a “neutral” rating and a $75.00 price target on the stock. Finally, Nomura lowered shares of DowDuPont from a “buy” rating to a “neutral” rating and lowered their price target for the company from $81.00 to $76.00 in a report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $80.31.

About DowDuPont

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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