Virginia Retirement Systems ET AL boosted its position in DowDuPont Inc (NYSE:DWDP) by 14.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 347,483 shares of the company’s stock after acquiring an additional 44,100 shares during the period. Virginia Retirement Systems ET AL’s holdings in DowDuPont were worth $18,583,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Bogart Wealth LLC increased its position in shares of DowDuPont by 46.5% during the fourth quarter. Bogart Wealth LLC now owns 630 shares of the company’s stock valued at $33,000 after acquiring an additional 200 shares during the last quarter. G&S Capital LLC increased its position in shares of DowDuPont by 116.8% during the fourth quarter. G&S Capital LLC now owns 657 shares of the company’s stock valued at $35,000 after acquiring an additional 354 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new stake in shares of DowDuPont during the fourth quarter valued at approximately $38,000. Smith Asset Management Group LP increased its position in shares of DowDuPont by 112.5% during the fourth quarter. Smith Asset Management Group LP now owns 1,020 shares of the company’s stock valued at $55,000 after acquiring an additional 540 shares during the last quarter. Finally, Tributary Capital Management LLC purchased a new stake in shares of DowDuPont during the fourth quarter valued at approximately $60,000. Institutional investors and hedge funds own 68.66% of the company’s stock.
A number of brokerages recently commented on DWDP. Zacks Investment Research raised DowDuPont from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. BMO Capital Markets increased their price target on DowDuPont from $66.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th. Barclays reaffirmed a “hold” rating and set a $62.00 price target on shares of DowDuPont in a research report on Tuesday, January 15th. Cowen downgraded DowDuPont from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $78.00 to $59.00 in a research report on Wednesday, February 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $68.00 price target (down from $79.00) on shares of DowDuPont in a research report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.28.
DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, January 31st. The company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.01). DowDuPont had a return on equity of 9.59% and a net margin of 4.47%. The firm had revenue of $20.10 billion during the quarter, compared to analysts’ expectations of $21.11 billion. As a group, analysts anticipate that DowDuPont Inc will post 4.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Wednesday, February 27th. DowDuPont’s dividend payout ratio is currently 36.98%.
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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