Xact Kapitalforvaltning AB reduced its stake in DowDuPont Inc (NYSE:DWDP) by 14.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,491 shares of the company’s stock after selling 36,280 shares during the period. Xact Kapitalforvaltning AB’s holdings in DowDuPont were worth $13,794,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DWDP. Winthrop Partners WNY LLC acquired a new stake in DowDuPont in the 1st quarter valued at $111,000. Cascade Investment Advisors Inc. grew its stake in shares of DowDuPont by 85.1% during the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock valued at $118,000 after acquiring an additional 825 shares in the last quarter. SG3 Management LLC acquired a new stake in shares of DowDuPont during the second quarter valued at about $132,000. D. Scott Neal Inc. acquired a new stake in shares of DowDuPont during the second quarter valued at about $152,000. Finally, Credit Agricole S A acquired a new stake in shares of DowDuPont during the second quarter valued at about $160,000. Hedge funds and other institutional investors own 69.43% of the company’s stock.
Shares of DWDP stock opened at $57.49 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27. DowDuPont Inc has a one year low of $57.19 and a one year high of $77.08. The stock has a market cap of $136.43 billion, a PE ratio of 15.14, a P/E/G ratio of 1.41 and a beta of 1.35.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.64%. DowDuPont’s payout ratio is 44.71%.
In other news, General Counsel Charles J. Kalil sold 100,645 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward D. Breen purchased 29,580 shares of DowDuPont stock in a transaction dated Wednesday, August 8th. The shares were bought at an average cost of $67.61 per share, for a total transaction of $1,999,903.80. The disclosure for this purchase can be found here. Company insiders own 0.42% of the company’s stock.
Several analysts have recently weighed in on DWDP shares. Citigroup lowered their target price on DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, September 21st. Deutsche Bank restated a “buy” rating and set a $72.00 target price on shares of DowDuPont in a research note on Friday, October 12th. MED restated a “buy” rating and set a $90.00 target price on shares of DowDuPont in a research note on Thursday, August 2nd. UBS Group raised their target price on DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Barclays lowered their target price on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $79.06.
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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