Tdam USA Inc. Increases Stake in DowDuPont Inc (DWDP)

Tdam USA Inc. grew its position in shares of DowDuPont Inc (NYSE:DWDP) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 417,115 shares of the company’s stock after acquiring an additional 11,203 shares during the quarter. DowDuPont comprises about 1.7% of Tdam USA Inc.’s investment portfolio, making the stock its 8th largest holding. Tdam USA Inc.’s holdings in DowDuPont were worth $27,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in DWDP. 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. Arlington Partners LLC lifted its holdings in DowDuPont by 334.8% in the third quarter. Arlington Partners LLC now owns 1,948 shares of the company’s stock worth $125,000 after purchasing an additional 1,500 shares during the period. SG3 Management LLC acquired a new stake in DowDuPont in the second quarter worth about $132,000. D. Scott Neal Inc. acquired a new stake in DowDuPont in the second quarter worth about $152,000. Finally, JNBA Financial Advisors lifted its holdings in DowDuPont by 291.0% in the third quarter. JNBA Financial Advisors now owns 2,420 shares of the company’s stock worth $156,000 after purchasing an additional 1,801 shares during the period. 69.45% of the stock is owned by institutional investors.

Shares of DowDuPont stock opened at $59.83 on Thursday. 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 Inc has a 52 week low of $51.32 and a 52 week high of $77.08. The stock has a market capitalization of $135.13 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.40 and a beta of 1.48.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by insiders.

Several research firms recently weighed in on DWDP. Zacks Investment Research downgraded shares of DowDuPont from a “hold” rating to a “sell” rating in a report on Wednesday. Citigroup reduced their price objective on shares of DowDuPont to $67.00 and set a “buy” rating for the company in a report on Monday. They noted that the move was a valuation call. TheStreet downgraded shares of DowDuPont from a “b-” rating to a “c+” rating in a report on Thursday, November 1st. JPMorgan Chase & Co. reduced their price objective on shares of DowDuPont from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, November 2nd. Finally, Nomura reduced their price objective on shares of DowDuPont from $76.00 to $73.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $78.00.

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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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