NWQ Investment Management Company LLC grew its stake in DowDuPont Inc (NYSE:DWDP) by 2.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,275,644 shares of the company’s stock after acquiring an additional 36,544 shares during the period. DowDuPont comprises about 1.2% of NWQ Investment Management Company LLC’s portfolio, making the stock its 16th biggest position. NWQ Investment Management Company LLC’s holdings in DowDuPont were worth $90,851,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Teachers Advisors LLC lifted its position in DowDuPont by 0.6% during the fourth quarter. Teachers Advisors LLC now owns 6,072,007 shares of the company’s stock worth $432,448,000 after buying an additional 35,305 shares during the period. Captrust Financial Advisors purchased a new position in DowDuPont during the fourth quarter worth about $4,773,000. Raymond James & Associates lifted its position in DowDuPont by 7.0% during the fourth quarter. Raymond James & Associates now owns 2,739,769 shares of the company’s stock worth $195,127,000 after buying an additional 179,660 shares during the period. Luminus Management LLC lifted its position in DowDuPont by 1.6% during the fourth quarter. Luminus Management LLC now owns 2,088,242 shares of the company’s stock worth $148,724,000 after buying an additional 33,384 shares during the period. Finally, Empire Life Investments Inc. lifted its position in DowDuPont by 0.6% during the fourth quarter. Empire Life Investments Inc. now owns 620,071 shares of the company’s stock worth $44,161,000 after buying an additional 3,715 shares during the period. Institutional investors and hedge funds own 70.41% of the company’s stock.
Shares of DowDuPont stock opened at $63.06 on Friday. The company has a market capitalization of $146,868.19, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. DowDuPont Inc has a 12 month low of $59.29 and a 12 month high of $77.08.
The business also recently announced 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 of this dividend was Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.41%. DowDuPont’s dividend payout ratio (DPR) is currently 96.82%.
In other news, General Counsel Charles J. Kalil sold 69,400 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Ronald C. Edmonds sold 15,000 shares of the stock in a transaction dated 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. 0.89% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on DWDP shares. Morgan Stanley set a $80.00 target price on DowDuPont and gave the stock a “buy” rating in a research report on Wednesday. ValuEngine upgraded DowDuPont from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research upgraded DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, January 30th. Royal Bank of Canada reiterated a “buy” rating and set a $86.00 target price on shares of DowDuPont in a research report on Friday, December 8th. Finally, Jefferies Group reiterated a “buy” rating and set a $85.00 target price on shares of DowDuPont in a research report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price 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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