Meyer Handelman Co. lessened its holdings in DowDuPont Inc (NYSE:DWDP) by 13.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,053,365 shares of the company’s stock after selling 169,234 shares during the period. DowDuPont makes up approximately 3.6% of Meyer Handelman Co.’s portfolio, making the stock its 2nd largest position. Meyer Handelman Co.’s holdings in DowDuPont were worth $75,020,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Tradewinds Capital Management LLC purchased a new position in DowDuPont in the 3rd quarter valued at approximately $101,000. Winfield Associates Inc. acquired a new stake in shares of DowDuPont in the 3rd quarter valued at $103,000. Peddock Capital Advisors LLC acquired a new stake in shares of DowDuPont in the 3rd quarter valued at $106,000. AllSquare Wealth Management LLC acquired a new stake in shares of DowDuPont in the 3rd quarter valued at $108,000. Finally, NewSquare Capital LLC acquired a new stake in shares of DowDuPont in the 3rd quarter valued at $109,000. 69.54% of the stock is owned by institutional investors.
In related news, insider Andrew N. Liveris sold 49,449 shares of DowDuPont stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $71.63, for a total transaction of $3,542,031.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Andrew N. Liveris sold 9,664 shares of DowDuPont stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total transaction of $677,446.40. The disclosure for this sale can be found here. Insiders have sold a total of 395,348 shares of company stock worth $28,358,199 over the last quarter. 0.89% of the stock is owned by company insiders.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.16. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The firm had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.46 billion. The firm’s quarterly revenue was up 54.1% compared to the same quarter last year. analysts predict that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 annualized dividend and a yield of 2.11%. DowDuPont’s dividend payout ratio is currently 96.82%.
DWDP has been the topic of a number of analyst reports. Morgan Stanley raised their price objective on shares of DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. UBS Group raised their price objective on shares of DowDuPont from $82.00 to $85.00 and gave the company a “buy” rating in a report on Friday, November 3rd. ValuEngine upgraded shares of DowDuPont from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada restated a “buy” rating and issued a $86.00 price objective on shares of DowDuPont in a report on Friday, December 8th. Finally, Zacks Investment Research upgraded shares of DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. DowDuPont currently has a consensus rating of “Buy” and a consensus price target of $80.71.
DowDuPont Company Profile
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, traits and crop protection.
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