WMS Partners LLC bought a new position in shares of DowDuPont Inc (NASDAQ:DWDP) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,501 shares of the company’s stock, valued at approximately $935,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Private Asset Management Inc. acquired a new stake in DowDuPont during the third quarter worth about $1,953,000. First Quadrant L P CA acquired a new stake in DowDuPont during the third quarter worth about $159,000. Osborne Partners Capital Management LLC acquired a new stake in DowDuPont during the third quarter worth about $205,000. Clearwater Capital Partners LLC acquired a new stake in DowDuPont during the third quarter valued at approximately $219,000. Finally, Summit X LLC acquired a new stake in DowDuPont during the third quarter valued at approximately $208,000.
In related news, General Counsel Charles J. Kalil sold 78,895 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total value of $5,601,545.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
DowDuPont Inc (NASDAQ:DWDP) opened at $69.97 on Friday. DowDuPont Inc has a one year low of $64.01 and a one year high of $73.85.
DowDuPont (NASDAQ:DWDP) last posted its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue was up 7.6% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Tuesday, November 14th.
A number of research firms have weighed in on DWDP. Credit Suisse Group lifted their price objective on DowDuPont from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. UBS AG lifted their price objective on DowDuPont from $82.00 to $85.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Morgan Stanley lifted their price objective on DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Cowen and Company began coverage on DowDuPont in a report on Friday, September 1st. They set a “market perform” rating on the stock. Finally, Monness Crespi & Hardt began coverage on DowDuPont in a report on Tuesday, September 12th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the company’s stock. DowDuPont presently has a consensus rating of “Buy” and an average price target of $80.12.
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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