Eagle Asset Management Inc. lowered its stake in DowDuPont Inc (NYSE:DWDP) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,296,447 shares of the company’s stock after selling 87,582 shares during the period. Eagle Asset Management Inc.’s holdings in DowDuPont were worth $92,823,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of DowDuPont during the third quarter worth $2,095,726,000. Bank of New York Mellon Corp acquired a new position in shares of DowDuPont during the third quarter worth $1,920,750,000. Wells Fargo & Company MN acquired a new position in shares of DowDuPont during the third quarter worth $1,111,269,000. Third Point LLC acquired a new position in shares of DowDuPont during the third quarter worth $1,041,116,000. Finally, Dupont Capital Management Corp acquired a new position in shares of DowDuPont during the third quarter worth $884,806,000. Hedge funds and other institutional investors own 69.54% of the company’s stock.
In other DowDuPont news, insider Andrew N. Liveris sold 29,723 shares of DowDuPont stock in a transaction on Friday, December 8th. The shares were sold at an average price of $71.50, for a total value of $2,125,194.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew N. Liveris sold 78,582 shares of DowDuPont stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $71.00, for a total transaction of $5,579,322.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 305,371 shares of company stock valued at $21,918,009. Insiders own 0.89% of the company’s stock.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.16. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The firm had revenue of $20.07 billion during the quarter, compared to the consensus estimate of $19.46 billion. The firm’s revenue for the quarter was up 54.1% on a year-over-year basis. analysts expect that DowDuPont Inc will post 4.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.05%. The ex-dividend date is Tuesday, February 27th. DowDuPont’s dividend payout ratio (DPR) is currently 96.82%.
A number of equities analysts have recently commented on DWDP shares. Credit Suisse Group lifted their price target on shares of DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, January 30th. ValuEngine upgraded shares of DowDuPont from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Barclays cut their price target on shares of DowDuPont from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Finally, Stephens started coverage on shares of DowDuPont in a report on Monday, December 4th. They set an “overweight” rating and a $83.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target 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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