Grisanti Capital Management LLC Boosts Stake in DowDuPont Inc (DWDP)

Grisanti Capital Management LLC grew its position in DowDuPont Inc (NYSE:DWDP) by 68.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,530 shares of the company’s stock after purchasing an additional 47,460 shares during the quarter. DowDuPont comprises approximately 3.4% of Grisanti Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Grisanti Capital Management LLC’s holdings in DowDuPont were worth $8,299,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DWDP. JPMorgan Chase & Co. acquired a new stake in DowDuPont during the third quarter worth approximately $2,095,726,000. Bank of New York Mellon Corp acquired a new stake in DowDuPont during the third quarter worth approximately $1,920,750,000. Wells Fargo & Company MN acquired a new stake in DowDuPont during the third quarter worth approximately $1,111,269,000. Third Point LLC acquired a new stake in DowDuPont during the third quarter worth approximately $1,041,116,000. Finally, Dupont Capital Management Corp acquired a new stake in DowDuPont during the third quarter worth approximately $884,806,000. 69.54% of the stock is currently owned by institutional investors.

In other news, insider Andrew N. Liveris sold 29,723 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $71.50, for a total value of $2,125,194.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew N. Liveris sold 9,664 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $70.10, for a total value of $677,446.40. The disclosure for this sale can be found here. Insiders have sold 305,371 shares of company stock valued at $21,918,009 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

DWDP has been the topic of a number of analyst reports. Morgan Stanley increased their price target on DowDuPont from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. UBS Group increased 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. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada reissued a “buy” rating and set a $86.00 price target on shares of DowDuPont in a research report on Friday, December 8th. Finally, Zacks Investment Research raised DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $80.71.

Shares of DowDuPont Inc (NYSE:DWDP) opened at $71.95 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. DowDuPont Inc has a 12 month low of $59.29 and a 12 month high of $77.08. The firm has a market capitalization of $167,573.19, a price-to-earnings ratio of 45.83, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21.

DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.16. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The firm had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.46 billion. DowDuPont’s revenue was up 54.1% compared to the same quarter last year. equities analysts anticipate that DowDuPont Inc will post 4.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.11%. The ex-dividend date is Tuesday, February 27th. DowDuPont’s payout ratio is presently 96.82%.

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DowDuPont 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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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