Raymond James Financial Services Advisors Inc. lifted its position in shares of DowDuPont Inc (NYSE:DWDP) by 6.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 554,036 shares of the company’s stock after acquiring an additional 35,050 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in DowDuPont were worth $39,459,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in DowDuPont during the 3rd quarter worth about $2,095,726,000. Bank of New York Mellon Corp purchased a new stake in DowDuPont during the 3rd quarter worth about $1,920,750,000. Wells Fargo & Company MN purchased a new stake in DowDuPont during the 3rd quarter worth about $1,111,269,000. Third Point LLC purchased a new stake in DowDuPont during the 3rd quarter worth about $1,041,116,000. Finally, Dupont Capital Management Corp purchased a new stake in DowDuPont during the 3rd quarter worth about $884,806,000. Institutional investors own 69.54% of the company’s stock.
A number of brokerages recently issued reports on DWDP. Jefferies Group reissued a “buy” rating and set a $85.00 price objective on shares of DowDuPont in a report on Friday, February 2nd. Zacks Investment Research cut DowDuPont from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays lowered their price target on DowDuPont from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Nomura raised their price target on DowDuPont from $83.00 to $84.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. DowDuPont presently has a consensus rating of “Buy” and a consensus target price of $80.71.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.16. The company had revenue of $20.07 billion for the quarter, compared to analysts’ expectations 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. research analysts anticipate that DowDuPont Inc will post 4.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.10%. DowDuPont’s dividend payout ratio is 96.82%.
In related news, General Counsel Charles J. Kalil sold 69,400 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.66, for a total transaction of $5,042,604.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew N. Liveris sold 187,402 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total value of $13,536,046.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 374,771 shares of company stock worth $26,960,613. 0.89% of the stock is currently owned by insiders.
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DowDuPont Company Profile
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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