Jupiter Asset Management Ltd. raised its position in shares of DowDuPont Inc (NYSE:DWDP) by 166.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,918 shares of the company’s stock after purchasing an additional 126,896 shares during the period. Jupiter Asset Management Ltd.’s holdings in DowDuPont were worth $13,257,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Cascade Investment Advisors Inc. grew its stake in shares of 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 last quarter. Arlington Partners LLC grew its stake in shares of 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 last quarter. SG3 Management LLC bought a new stake in shares of DowDuPont in the second quarter worth $132,000. D. Scott Neal Inc. bought a new stake in shares of DowDuPont in the second quarter worth $152,000. Finally, JNBA Financial Advisors grew its stake in shares of 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 last quarter. Institutional investors and hedge funds own 68.61% of the company’s stock.
Several brokerages recently weighed in on DWDP. Zacks Investment Research raised shares of DowDuPont from a “sell” rating to a “hold” rating in a research note on Monday. BMO Capital Markets set a $79.00 price target on shares of DowDuPont and gave the company a “buy” rating in a research report on Thursday, November 8th. Citigroup cut their price target on shares of DowDuPont to $67.00 and set a “buy” rating on the stock in a research report on Monday, November 5th. They noted that the move was a valuation call. TheStreet cut shares of DowDuPont from a “b-” rating to a “c+” rating in a research report on Thursday, November 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of DowDuPont from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $78.47.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The company had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The business’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 EPS. As a group, sell-side analysts expect that DowDuPont Inc will post 4.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.67%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
In other news, General Counsel Charles J. Kalil sold 100,645 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.42% of the stock is owned by corporate insiders.
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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