DowDuPont (DWDP) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of DowDuPont (NYSE:DWDP) from a hold rating to a sell rating in a report released on Wednesday morning.

According to Zacks, “DowDuPont Inc. operates as a holding company. It produces agricultural chemicals, material science, and specialty chemical products. Agriculture Business offers crop protection and seeds and traits. Material Science Business offers a range of solutions including consumer solutions and infrastructure solutions and plastics performance. Specialty Products Business includes protection solutions, electronics and communications, nutrition and health and industrial biosciences. DowDuPont Inc, formerly known as Dow Chemical Company, is based in Wilmington, United States. “

A number of other equities analysts have also recently weighed in on DWDP. UBS Group upped their price target on DowDuPont from $86.00 to $88.00 and gave the stock a buy rating in a report on Thursday, August 2nd. MED reaffirmed a buy rating and issued a $90.00 price target on shares of DowDuPont in a report on Thursday, August 2nd. ValuEngine cut DowDuPont from a hold rating to a sell rating in a report on Friday, August 3rd. Barclays reduced their price target on DowDuPont from $77.00 to $75.00 and set an equal weight rating for the company in a report on Monday, August 6th. Finally, Citigroup reduced their price target on DowDuPont from $81.00 to $79.00 and set a buy rating for the company in a report on Friday, September 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $78.17.

NYSE DWDP traded down $0.48 during trading hours on Wednesday, reaching $59.35. The company’s stock had a trading volume of 813,147 shares, compared to its average volume of 13,820,638. The stock has a market capitalization of $135.13 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.40 and a beta of 1.48. DowDuPont has a 1-year low of $51.32 and a 1-year high of $77.08. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27.

DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $20.24 billion. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. DowDuPont’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. Equities analysts predict that DowDuPont will post 4.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.52 annualized dividend and a yield of 2.56%. DowDuPont’s dividend payout ratio (DPR) is currently 44.71%.

In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $70.75, for a total transaction of $7,120,633.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. Parsons Capital Management Inc. RI grew its position in DowDuPont by 1.2% in the second quarter. Parsons Capital Management Inc. RI now owns 63,602 shares of the company’s stock worth $4,193,000 after acquiring an additional 728 shares during the period. SNS Financial Group LLC grew its position in DowDuPont by 8.8% in the second quarter. SNS Financial Group LLC now owns 9,418 shares of the company’s stock worth $620,000 after acquiring an additional 763 shares during the period. Ascension Asset Management LLC grew its position in DowDuPont by 2.0% in the second quarter. Ascension Asset Management LLC now owns 38,303 shares of the company’s stock worth $2,525,000 after acquiring an additional 766 shares during the period. Barrett Asset Management LLC grew its position in DowDuPont by 1.0% in the second quarter. Barrett Asset Management LLC now owns 81,677 shares of the company’s stock worth $5,384,000 after acquiring an additional 771 shares during the period. Finally, Wellington Shields & Co. LLC grew its position in DowDuPont by 5.4% in the second quarter. Wellington Shields & Co. LLC now owns 15,607 shares of the company’s stock worth $1,029,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 69.45% of the company’s stock.

DowDuPont Company 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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