Waters Parkerson & CO. LLC raised its stake in shares of DowDuPont Inc (NYSE:DWDP) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,528 shares of the company’s stock after buying an additional 13,721 shares during the period. DowDuPont accounts for approximately 3.3% of Waters Parkerson & CO. LLC’s portfolio, making the stock its 6th biggest holding. Waters Parkerson & CO. LLC’s holdings in DowDuPont were worth $37,877,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DWDP. Standard Life Aberdeen plc increased its stake in shares of DowDuPont by 516.5% in the fourth quarter. Standard Life Aberdeen plc now owns 6,733,832 shares of the company’s stock worth $480,192,000 after purchasing an additional 5,641,549 shares during the period. Mackenzie Financial Corp bought a new position in shares of DowDuPont in the fourth quarter worth about $118,025,000. Amundi Pioneer Asset Management Inc. increased its stake in shares of DowDuPont by 110.8% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,281,347 shares of the company’s stock worth $162,478,000 after purchasing an additional 1,198,892 shares during the period. BlackRock Inc. increased its stake in shares of DowDuPont by 0.7% in the fourth quarter. BlackRock Inc. now owns 156,234,472 shares of the company’s stock worth $11,127,020,000 after purchasing an additional 1,138,483 shares during the period. Finally, Huntington National Bank bought a new position in shares of DowDuPont in the fourth quarter worth about $69,208,000. Institutional investors own 69.57% of the company’s stock.
DWDP has been the topic of a number of recent analyst reports. ValuEngine upgraded DowDuPont from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Morgan Stanley set a $80.00 price objective on DowDuPont and gave the stock a “buy” rating in a research note on Wednesday, March 21st. BMO Capital Markets initiated coverage on DowDuPont in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $82.00 price objective on the stock. HSBC upgraded DowDuPont from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Finally, Citigroup lowered their price target on DowDuPont from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Tuesday, April 10th. Six investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $81.13.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, May 3rd. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. The company had revenue of $21.51 billion for the quarter, compared to the consensus estimate of $21.31 billion. DowDuPont had a return on equity of 8.01% and a net margin of 2.37%. The firm’s revenue was up 62.6% compared to the same quarter last year. sell-side analysts predict that DowDuPont Inc will post 4.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, May 30th. DowDuPont’s payout ratio is currently 44.71%.
In other news, General Counsel Charles J. Kalil sold 129,848 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $68.42, for a total value of $8,884,200.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Charles J. Kalil sold 19,841 shares of the business’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $68.40, for a total value of $1,357,124.40. The disclosure for this sale can be found here. Insiders sold a total of 518,095 shares of company stock worth $35,702,234 over the last three months. 0.42% of the stock is owned by company insiders.
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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