Bahl & Gaynor Inc. raised its position in DowDuPont Inc (NYSE:DWDP) by 6.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 24,769 shares of the company’s stock after buying an additional 1,475 shares during the quarter. Bahl & Gaynor Inc.’s holdings in DowDuPont were worth $1,593,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. American International Group Inc. grew its stake in shares of DowDuPont by 6.7% during the 3rd quarter. American International Group Inc. now owns 793,697 shares of the company’s stock worth $51,043,000 after purchasing an additional 50,103 shares during the period. Suffolk Capital Management LLC grew its stake in shares of DowDuPont by 9.9% during the 3rd quarter. Suffolk Capital Management LLC now owns 218,617 shares of the company’s stock worth $14,059,000 after purchasing an additional 19,649 shares during the period. Dynasty Wealth Management LLC grew its stake in shares of DowDuPont by 92.8% during the 3rd quarter. Dynasty Wealth Management LLC now owns 9,020 shares of the company’s stock worth $580,000 after purchasing an additional 4,341 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of DowDuPont by 1.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 106,914 shares of the company’s stock worth $6,876,000 after purchasing an additional 1,954 shares during the period. Finally, Kavar Capital Partners LLC acquired a new position in shares of DowDuPont during the 3rd quarter worth $2,569,000. 68.61% of the stock is currently owned by institutional investors.
DWDP has been the topic of a number of research reports. Citigroup reissued a “buy” rating and issued a $74.00 price objective (down from $79.00) on shares of DowDuPont in a research note on Thursday, October 11th. Stephens cut shares of DowDuPont from an “overweight” rating to a “hold” rating and set a $63.00 price objective on the stock. in a research note on Friday, October 19th. TheStreet cut shares of DowDuPont from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. lowered their price objective on shares of DowDuPont from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Finally, ValuEngine cut shares of DowDuPont from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. DowDuPont presently has an average rating of “Buy” and a consensus price target of $78.47.
DowDuPont (NYSE:DWDP) last issued 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. The firm 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 firm’s revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. As a group, equities research analysts expect that DowDuPont Inc will post 4.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.69%. DowDuPont’s dividend payout ratio (DPR) is 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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