Raymond James & Associates Has $195.13 Million Holdings in DowDuPont Inc (DWDP)

Raymond James & Associates increased its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 7.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,739,769 shares of the company’s stock after purchasing an additional 179,660 shares during the period. Raymond James & Associates owned approximately 0.12% of DowDuPont worth $195,127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of DowDuPont by 6.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,695 shares of the company’s stock worth $833,000 after purchasing an additional 681 shares during the last quarter. Outfitter Advisors LTD. lifted its position in shares of DowDuPont by 0.8% during the 4th quarter. Outfitter Advisors LTD. now owns 89,945 shares of the company’s stock worth $6,406,000 after purchasing an additional 706 shares during the last quarter. Parsons Capital Management Inc. RI lifted its position in shares of DowDuPont by 1.2% during the 4th quarter. Parsons Capital Management Inc. RI now owns 62,260 shares of the company’s stock worth $4,434,000 after purchasing an additional 719 shares during the last quarter. Buckingham Asset Management LLC lifted its position in shares of DowDuPont by 3.7% during the 4th quarter. Buckingham Asset Management LLC now owns 20,036 shares of the company’s stock worth $1,427,000 after purchasing an additional 719 shares during the last quarter. Finally, Budros Ruhlin & Roe Inc. lifted its position in shares of DowDuPont by 22.9% during the 4th quarter. Budros Ruhlin & Roe Inc. now owns 3,895 shares of the company’s stock worth $277,000 after purchasing an additional 727 shares during the last quarter. 70.41% of the stock is owned by institutional investors and hedge funds.

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DWDP has been the subject of several research analyst reports. Zacks Investment Research raised DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, January 30th. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Morgan Stanley set a $80.00 price objective on DowDuPont and gave the stock a “buy” rating in a research report on Wednesday. Barclays cut their price objective on DowDuPont from $80.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Finally, Stephens began coverage on DowDuPont in a report on Monday, December 4th. They issued an “overweight” rating and a $83.00 price target for the company. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $80.71.

In other news, General Counsel Charles J. Kalil sold 69,400 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.66, for a total value of $5,042,604.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ronald C. Edmonds sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $71.83, for a total value of $1,077,450.00. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Shares of DowDuPont stock opened at $63.06 on Friday. DowDuPont Inc has a 12 month low of $59.29 and a 12 month high of $77.08. The firm has a market capitalization of $146,868.19, a P/E ratio of 18.02, a PEG ratio of 1.61 and a beta of 1.24. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.29.

DowDuPont (NYSE:DWDP) last released its quarterly earnings data 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 return on equity of 8.21% and a net margin of 2.34%. The company had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.46 billion. The firm’s quarterly revenue was up 54.1% on a year-over-year basis. sell-side analysts predict that DowDuPont Inc will post 4.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a $0.38 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 2.41%. DowDuPont’s dividend payout ratio is currently 96.82%.

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DowDuPont 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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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