DowDuPont Inc (DWDP) Shares Bought by Empire Life Investments Inc.

Empire Life Investments Inc. lifted its position in DowDuPont Inc (NYSE:DWDP) by 11.5% during the 1st quarter, Holdings Channel reports. The firm owned 1,711,875 shares of the company’s stock after buying an additional 176,528 shares during the quarter. DowDuPont makes up 7.6% of Empire Life Investments Inc.’s investment portfolio, making the stock its biggest holding. Empire Life Investments Inc.’s holdings in DowDuPont were worth $91,260,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management grew its holdings in DowDuPont by 9.3% during the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 27,842 shares of the company’s stock worth $1,484,000 after acquiring an additional 2,368 shares during the last quarter. Accredited Investors Inc. grew its holdings in DowDuPont by 8.1% during the 1st quarter. Accredited Investors Inc. now owns 4,814 shares of the company’s stock worth $257,000 after acquiring an additional 362 shares during the last quarter. Country Trust Bank grew its holdings in DowDuPont by 7,574.8% during the 1st quarter. Country Trust Bank now owns 7,905 shares of the company’s stock worth $421,000 after acquiring an additional 7,802 shares during the last quarter. Sumitomo Life Insurance Co. grew its holdings in DowDuPont by 4.0% during the 1st quarter. Sumitomo Life Insurance Co. now owns 61,387 shares of the company’s stock worth $3,273,000 after acquiring an additional 2,375 shares during the last quarter. Finally, Kistler Tiffany Companies LLC grew its holdings in DowDuPont by 12.8% during the 1st quarter. Kistler Tiffany Companies LLC now owns 14,064 shares of the company’s stock worth $750,000 after acquiring an additional 1,593 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

DWDP has been the topic of a number of research reports. BMO Capital Markets upped their target price on shares of DowDuPont from $66.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th. Royal Bank of Canada cut their target price on shares of DowDuPont to $64.00 and set a “top pick” rating on the stock in a research report on Tuesday, March 19th. Citigroup downgraded shares of DowDuPont from a “buy” rating to a “neutral” rating and cut their target price for the company from $60.00 to $40.00 in a research report on Tuesday, April 2nd. Cowen downgraded shares of DowDuPont from an “outperform” rating to a “market perform” rating and cut their target price for the company from $78.00 to $59.00 in a research report on Wednesday, February 6th. Finally, Credit Suisse Group restated an “outperform” rating and set a $68.00 target price (down from $79.00) on shares of DowDuPont in a research report on Friday, February 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $56.00.

Shares of NYSE:DWDP opened at $30.10 on Thursday. The company has a market capitalization of $70.62 billion, a P/E ratio of 7.32, a PEG ratio of 1.32 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.72. DowDuPont Inc has a fifty-two week low of $30.06 and a fifty-two week high of $48.34.

DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.14. The business had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.47 billion. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. DowDuPont’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the company posted $1.12 EPS. On average, analysts forecast that DowDuPont Inc will post 2.29 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, April 26th will be given a $0.14 dividend. The ex-dividend date is Thursday, May 2nd. DowDuPont’s dividend payout ratio is 13.63%.

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DowDuPont Profile

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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