Wealth Enhancement Advisory Services LLC decreased its position in DowDuPont Inc (NYSE:DWDP) by 16.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,779 shares of the company’s stock after selling 5,801 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in DowDuPont were worth $1,516,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Ruffer LLP lifted its position in shares of DowDuPont by 22,779.8% during the second quarter. Ruffer LLP now owns 3,412,744 shares of the company’s stock worth $225,087,000 after acquiring an additional 3,397,828 shares in the last quarter. Bank of Montreal Can lifted its position in shares of DowDuPont by 41.8% during the second quarter. Bank of Montreal Can now owns 3,903,088 shares of the company’s stock worth $257,292,000 after acquiring an additional 1,149,757 shares in the last quarter. American Century Companies Inc. lifted its position in shares of DowDuPont by 65.6% during the second quarter. American Century Companies Inc. now owns 2,228,118 shares of the company’s stock worth $146,878,000 after acquiring an additional 882,544 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of DowDuPont by 51.9% during the second quarter. CIBC Private Wealth Group LLC now owns 2,240,329 shares of the company’s stock worth $147,683,000 after acquiring an additional 765,757 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its position in shares of DowDuPont by 201.6% during the second quarter. Ontario Teachers Pension Plan Board now owns 902,513 shares of the company’s stock worth $59,494,000 after acquiring an additional 603,259 shares in the last quarter. Institutional investors and hedge funds own 69.45% of the company’s stock.
A number of equities research analysts recently issued reports on DWDP shares. ValuEngine upgraded DowDuPont from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Citigroup lowered their price objective on DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. TheStreet downgraded DowDuPont from a “b-” rating to a “c+” rating in a research report on Thursday, November 1st. Zacks Investment Research downgraded DowDuPont from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, MED reiterated a “buy” rating and issued a $90.00 price objective on shares of DowDuPont in a research report on Thursday, August 2nd. Two 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 has a consensus rating of “Buy” and a consensus price target of $78.00.
DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, November 1st. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. The business had revenue of $20.12 billion for 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%. The firm’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. As a group, sell-side analysts anticipate that DowDuPont Inc will post 4.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.38 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.54%. DowDuPont’s dividend payout ratio is presently 44.71%.
In related news, General Counsel Charles J. Kalil sold 100,645 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $70.75, for a total value of $7,120,633.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.42% of the stock is owned by corporate insiders.
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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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