Alexandria Capital LLC bought a new position in shares of DowDuPont Inc (NASDAQ:DWDP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,107 shares of the company’s stock, valued at approximately $1,530,000.
Several other hedge funds and other institutional investors have also modified their holdings of DWDP. APG Asset Management N.V. acquired a new position in DowDuPont during the third quarter worth approximately $257,365,000. Korea Investment CORP acquired a new position in DowDuPont during the third quarter worth approximately $146,277,000. Strs Ohio acquired a new position in DowDuPont during the third quarter worth approximately $105,984,000. Meyer Handelman Co. acquired a new position in DowDuPont during the third quarter worth approximately $84,640,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in DowDuPont during the third quarter worth approximately $83,643,000.
In related news, General Counsel Charles J. Kalil sold 78,895 shares of DowDuPont stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total value of $5,601,545.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
DWDP has been the topic of several research analyst reports. Sanford C. Bernstein initiated coverage on DowDuPont in a research report on Friday, September 1st. They set an “outperform” rating and a $79.00 price target on the stock. Edward Jones initiated coverage on DowDuPont in a research report on Friday, September 1st. They set a “hold” rating on the stock. Cowen and Company initiated coverage on DowDuPont in a research report on Friday, September 1st. They set a “market perform” rating on the stock. UBS AG initiated coverage on DowDuPont in a research report on Friday, September 1st. They set a “buy” rating on the stock. Finally, Nomura initiated coverage on DowDuPont in a research report on Sunday, September 3rd. They set a “buy” rating and a $77.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $80.12.
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DowDuPont Inc (NASDAQ DWDP) opened at $69.97 on Friday. DowDuPont Inc has a 12 month low of $64.01 and a 12 month high of $73.85.
DowDuPont (NASDAQ:DWDP) last announced its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $18.29 billion during the quarter, compared to analysts’ expectations of $18.24 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.38 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%.
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, and a pipeline of germplasm, traits and crop protection.
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