Adams Natural Resources Fund Inc. acquired a new position in shares of DowDuPont Inc (NASDAQ:DWDP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 634,935 shares of the company’s stock, valued at approximately $43,957,000. DowDuPont makes up 6.8% of Adams Natural Resources Fund Inc.’s holdings, making the stock its 3rd biggest holding.
A number of other institutional investors also recently made changes to their positions in DWDP. Private Asset Management Inc. purchased a new stake in DowDuPont in the third quarter valued at $1,953,000. First Quadrant L P CA purchased a new stake in DowDuPont in the third quarter valued at $159,000. Weatherly Asset Management L. P. purchased a new stake in DowDuPont in the third quarter valued at $204,000. Osborne Partners Capital Management LLC purchased a new stake in DowDuPont in the third quarter valued at $205,000. Finally, Clearwater Capital Partners LLC purchased a new stake in DowDuPont in the third quarter valued at $219,000.
DowDuPont Inc (DWDP) opened at $70.46 on Tuesday. DowDuPont Inc has a one year low of $64.01 and a one year high of $73.85.
DowDuPont (NASDAQ:DWDP) last released its earnings results on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The company had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.16%.
DWDP has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on DowDuPont in a research report on Friday, September 1st. They issued an “outperform” rating and a $79.00 target price on the stock. Edward Jones initiated coverage on DowDuPont in a research report on Friday, September 1st. They issued a “hold” rating on the stock. Cowen and Company initiated coverage on DowDuPont in a research report on Friday, September 1st. They issued a “market perform” rating on the stock. UBS AG began coverage on DowDuPont in a research report on Friday, September 1st. They issued a “buy” rating on the stock. Finally, Nomura began coverage on DowDuPont in a report on Sunday, September 3rd. They issued a “buy” rating and a $77.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company. DowDuPont currently has an average rating of “Buy” and a consensus price target of $79.72.
In related news, 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 transaction of $5,601,545.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total value of $476,335.08. The disclosure for this sale can be found here.
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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