BlueCrest Capital Management Ltd Has $14.56 Million Stake in DowDuPont Inc (DWDP)

BlueCrest Capital Management Ltd increased its position in shares of DowDuPont Inc (NYSE:DWDP) by 39.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 204,440 shares of the company’s stock after buying an additional 57,773 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in DowDuPont were worth $14,560,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DWDP. Nationwide Fund Advisors acquired a new stake in DowDuPont in the 3rd quarter valued at approximately $71,079,000. First City Capital Management Inc. acquired a new position in shares of DowDuPont in the third quarter worth $1,312,000. Whalerock Point Partners LLC acquired a new position in shares of DowDuPont in the third quarter worth $1,218,000. State Board of Administration of Florida Retirement System acquired a new position in shares of DowDuPont in the third quarter worth $228,998,000. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of DowDuPont in the third quarter worth $514,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

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In related news, insider Ronald C. Edmonds sold 15,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $71.83, for a total value of $1,077,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Charles J. Kalil sold 69,400 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total transaction of $5,042,604.00. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Several research firms have commented on DWDP. ValuEngine upgraded shares of DowDuPont from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Jefferies Group restated a “buy” rating and issued a $85.00 price target on shares of DowDuPont in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of DowDuPont from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays dropped their price target on shares of DowDuPont from $80.00 to $79.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Finally, Nomura boosted their price target on shares of DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $80.71.

DWDP stock opened at $66.39 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. The company has a market cap of $158,280.39, a price-to-earnings ratio of 42.29, a P/E/G ratio of 1.73 and a beta of 1.24. DowDuPont Inc has a 12 month low of $59.29 and a 12 month high of $77.08.

DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.16. The firm had revenue of $20.07 billion during the quarter, compared to the consensus estimate of $19.46 billion. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The company’s revenue was up 54.1% on a year-over-year basis. analysts expect that DowDuPont Inc will post 4.13 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.29%. DowDuPont’s payout ratio is currently 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.

Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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