Schafer Cullen Capital Management Inc. Has $148.46 Million Stake in DowDuPont Inc (DWDP)

Schafer Cullen Capital Management Inc. lessened its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 3.2% in the fourth quarter, HoldingsChannel reports. The fund owned 2,084,479 shares of the company’s stock after selling 67,942 shares during the period. DowDuPont comprises approximately 1.7% of Schafer Cullen Capital Management Inc.’s portfolio, making the stock its 16th largest holding. Schafer Cullen Capital Management Inc.’s holdings in DowDuPont were worth $148,457,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DWDP. Tradewinds Capital Management LLC bought a new position in shares of DowDuPont during the third quarter valued at approximately $101,000. Winfield Associates Inc. bought a new position in DowDuPont in the third quarter worth $103,000. Peddock Capital Advisors LLC bought a new position in DowDuPont in the third quarter worth $106,000. Financial Gravity Companies Inc. bought a new position in DowDuPont in the fourth quarter worth $106,000. Finally, AllSquare Wealth Management LLC bought a new position in DowDuPont in the third quarter worth $108,000. Institutional investors own 70.45% of the company’s stock.

Shares of NYSE:DWDP opened at $63.71 on Friday. DowDuPont Inc has a 1-year low of $59.29 and a 1-year high of $77.08. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The firm has a market cap of $148,382.05, a PE ratio of 18.74, a P/E/G ratio of 1.62 and a beta of 1.24.

DowDuPont (NYSE:DWDP) last issued its quarterly earnings results 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 firm had revenue of $20.07 billion during the quarter, compared to the consensus estimate of $19.46 billion. DowDuPont’s revenue was up 54.1% compared to the same quarter last year. sell-side analysts predict that DowDuPont Inc will post 4.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 2.39%. DowDuPont’s payout ratio is presently 44.71%.

In other news, insider Ronald C. Edmonds sold 15,000 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $71.83, for a total transaction of $1,077,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Charles J. Kalil sold 69,400 shares of the stock in a transaction 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. 0.42% of the stock is owned by company insiders.

A number of research firms have issued reports on DWDP. Zacks Investment Research downgraded DowDuPont from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Jefferies Group reiterated a “buy” rating and issued a $85.00 price objective on shares of DowDuPont in a report on Friday, February 2nd. ValuEngine upgraded DowDuPont from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Barclays decreased their price objective on DowDuPont from $80.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, Nomura increased their price objective on DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $80.77.

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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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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