DowDuPont Inc (NASDAQ:DWDP) General Counsel Charles J. Kalil sold 78,895 shares of the business’s stock in a transaction 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 Securities & Exchange Commission, which is available through the SEC website.
DowDuPont Inc (NASDAQ DWDP) opened at $69.97 on Friday. DowDuPont Inc has a 1 year low of $64.01 and a 1 year high of $73.85.
DowDuPont (NASDAQ:DWDP) last announced its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The business had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Tuesday, November 14th.
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Several research firms have recently commented on DWDP. Zacks Investment Research raised DowDuPont from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Nomura boosted their price target on DowDuPont from $77.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Citigroup Inc. boosted their price target on DowDuPont from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. HSBC Holdings plc began coverage on DowDuPont in a research report on Tuesday, September 26th. They issued a “hold” rating for the company. Finally, UBS AG boosted their price target on DowDuPont from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $80.12.
A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN purchased a new stake in DowDuPont during the 3rd quarter valued at about $1,111,269,000. Ropes Wealth Advisors LLC purchased a new stake in DowDuPont during the 3rd quarter valued at about $6,259,000. Budros Ruhlin & Roe Inc. purchased a new stake in DowDuPont during the 3rd quarter valued at about $219,000. Amalgamated Bank purchased a new stake in DowDuPont during the 3rd quarter valued at about $19,004,000. Finally, Auxier Asset Management purchased a new stake in DowDuPont during the 3rd quarter valued at about $12,129,000.
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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