Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $16.02 Million in DowDuPont Inc (DWDP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of DowDuPont Inc (NYSE:DWDP) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 242,943 shares of the company’s stock, valued at approximately $16,015,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in DWDP. Elmwood Wealth Management Inc. acquired a new stake in DowDuPont in the first quarter worth about $102,000. Winthrop Partners WNY LLC acquired a new stake in DowDuPont in the first quarter worth about $111,000. Institutional & Family Asset Management LLC acquired a new stake in DowDuPont in the first quarter worth about $117,000. Cascade Investment Advisors Inc. lifted its holdings in DowDuPont by 85.1% in the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock worth $118,000 after purchasing an additional 825 shares during the period. Finally, SG3 Management LLC acquired a new stake in DowDuPont in the second quarter worth about $132,000. 69.63% of the stock is owned by institutional investors.

Shares of DowDuPont stock opened at $67.08 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 52 week low of $61.27 and a 52 week high of $77.08. The stock has a market capitalization of $157.77 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 1.61 and a beta of 1.26.

DowDuPont (NYSE:DWDP) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The firm had revenue of $24.25 billion for the quarter, compared to analysts’ expectations of $23.71 billion. DowDuPont’s revenue for the quarter was up 75.3% on a year-over-year basis. analysts predict that DowDuPont Inc will post 4.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, August 30th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

Several equities research analysts recently weighed in on DWDP shares. MED reaffirmed a “buy” rating and issued a $90.00 price objective on shares of DowDuPont in a report on Tuesday, June 5th. Citigroup reduced their price objective on shares of DowDuPont from $82.00 to $80.00 and set a “buy” rating for the company in a report on Friday, May 4th. Deutsche Bank reduced their price objective on shares of DowDuPont from $84.00 to $76.00 and set a “buy” rating for the company in a report on Friday, May 4th. Credit Suisse Group reduced their price objective on shares of DowDuPont from $82.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, May 4th. Finally, Barclays reduced their price objective on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $81.09.

In related news, CEO Edward D. Breen acquired 29,580 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were purchased at an average price of $67.61 per share, for a total transaction of $1,999,903.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Andrew N. Liveris sold 268,406 shares of the business’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $68.94, for a total value of $18,503,909.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 518,095 shares of company stock worth $35,702,234. 0.42% of the stock is owned by company insiders.

DowDuPont Profile

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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