Flinton Capital Management LLC boosted its stake in DowDuPont Inc (NYSE:DWDP) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 319,340 shares of the company’s stock after buying an additional 17,808 shares during the period. Flinton Capital Management LLC’s holdings in DowDuPont were worth $22,743,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of DWDP. Tradewinds Capital Management LLC purchased a new stake in DowDuPont during the third quarter worth about $101,000. Winfield Associates Inc. purchased a new stake in DowDuPont during the third quarter worth about $103,000. Peddock Capital Advisors LLC purchased a new stake in DowDuPont during the third quarter worth about $106,000. Financial Gravity Companies Inc. purchased a new stake in DowDuPont during the fourth quarter worth about $106,000. Finally, AllSquare Wealth Management LLC purchased a new stake in DowDuPont during the third quarter worth about $108,000. Hedge funds and other institutional investors own 70.45% of the company’s stock.
Shares of DowDuPont Inc (NYSE:DWDP) opened at $63.06 on Monday. 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 one year low of $59.29 and a one year high of $77.08. The firm has a market cap of $146,868.19, a P/E ratio of 18.02, a P/E/G ratio of 1.61 and a beta of 1.24.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Tuesday, February 27th. DowDuPont’s dividend payout ratio (DPR) is 96.82%.
A number of brokerages have issued reports on DWDP. Barclays upgraded shares of DowDuPont from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, January 31st. 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 research note on Tuesday, January 30th. Stephens began coverage on shares of DowDuPont in a research note on Monday, December 4th. They set an “overweight” rating and a $83.00 price target on the stock. Nomura boosted their price target on shares of DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $86.00 price target on shares of DowDuPont in a research note on Friday, December 8th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $80.71.
In related news, insider Ronald C. Edmonds sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $71.83, for a total value of $1,077,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Charles J. Kalil sold 69,400 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total value of $5,042,604.00. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.
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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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