NBT Bank N A NY trimmed its stake in shares of DowDuPont Inc (NYSE:DWDP) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,815 shares of the company’s stock after selling 3,445 shares during the quarter. NBT Bank N A NY’s holdings in DowDuPont were worth $6,162,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in DWDP. Ruffer LLP increased its position in DowDuPont by 22,779.8% during the 2nd quarter. Ruffer LLP now owns 3,412,744 shares of the company’s stock worth $225,087,000 after purchasing an additional 3,397,828 shares in the last quarter. American Century Companies Inc. grew its holdings in DowDuPont by 65.6% during the 2nd 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 during the last quarter. CIBC Private Wealth Group LLC grew its holdings in DowDuPont by 51.9% during the 2nd 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 during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in DowDuPont by 201.6% during the 2nd 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 during the last quarter. Finally, Investec Asset Management LTD grew its holdings in DowDuPont by 15.3% during the 2nd quarter. Investec Asset Management LTD now owns 3,849,633 shares of the company’s stock worth $253,768,000 after acquiring an additional 509,513 shares during the last quarter. Institutional investors and hedge funds own 68.61% of the company’s stock.
A number of research firms have weighed in on DWDP. ValuEngine raised shares of DowDuPont from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Citigroup reduced their target price on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Nomura lowered shares of DowDuPont from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $81.00 to $76.00 in a report on Wednesday, September 26th. Barclays reduced their target price on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Finally, MED reissued a “buy” rating and set a $90.00 target price on shares of DowDuPont in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.47.
NYSE:DWDP opened at $56.43 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.64. DowDuPont Inc has a 52 week low of $51.32 and a 52 week high of $77.08. The firm has a market capitalization of $132.68 billion, a PE ratio of 16.60, a PEG ratio of 1.37 and a beta of 1.48.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.74 EPS for the quarter, beating the Zacks’ 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 company had revenue of $20.12 billion for the quarter, compared to analyst estimates of $20.24 billion. During the same period in the prior year, the firm posted $0.55 EPS. The company’s quarterly revenue was up 31.1% on a year-over-year basis. Equities research analysts forecast that DowDuPont Inc will post 4.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio is currently 44.71%.
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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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