Lido Advisors LLC raised its stake in shares of DowDuPont Inc (NYSE:DWDP) by 10.8% during the third quarter, Holdings Channel reports. The fund owned 23,065 shares of the company’s stock after acquiring an additional 2,257 shares during the quarter. Lido Advisors LLC’s holdings in DowDuPont were worth $1,483,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Port Capital LLC acquired a new stake in shares of DowDuPont during the third quarter worth $970,000. Ally Financial Inc. raised its holdings in shares of DowDuPont by 25.0% during the third quarter. Ally Financial Inc. now owns 45,000 shares of the company’s stock worth $2,894,000 after purchasing an additional 9,000 shares during the period. WEALTHFRONT Corp raised its holdings in shares of DowDuPont by 10.9% during the third quarter. WEALTHFRONT Corp now owns 70,327 shares of the company’s stock worth $4,523,000 after purchasing an additional 6,917 shares during the period. Utah Retirement Systems raised its holdings in shares of DowDuPont by 0.4% during the third quarter. Utah Retirement Systems now owns 432,005 shares of the company’s stock worth $27,782,000 after purchasing an additional 1,900 shares during the period. Finally, First Republic Investment Management Inc. raised its holdings in shares of DowDuPont by 3.9% during the third quarter. First Republic Investment Management Inc. now owns 720,115 shares of the company’s stock worth $46,311,000 after purchasing an additional 27,352 shares during the period. Hedge funds and other institutional investors own 69.89% of the company’s stock.
DWDP stock opened at $56.49 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.64. DowDuPont Inc has a fifty-two week low of $51.32 and a fifty-two week high of $77.08. The stock has a market capitalization of $131.57 billion, a P/E ratio of 16.61, a PEG ratio of 1.36 and a beta of 1.51.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The business had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. During the same quarter last year, the company earned $0.55 EPS. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. As a group, research analysts forecast that DowDuPont Inc will post 4.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.69%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
DWDP has been the topic of a number of research reports. Deutsche Bank reissued a “buy” rating and set a $72.00 target price on shares of DowDuPont in a report on Friday, October 12th. Citigroup reissued a “buy” rating and set a $74.00 target price (down from $79.00) on shares of DowDuPont in a report on Thursday, October 11th. Alembic Global Advisors set a $90.00 target price on shares of DowDuPont and gave the stock a “buy” rating in a report on Thursday, November 1st. BMO Capital Markets dropped their target price on shares of DowDuPont from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Finally, TheStreet cut shares of DowDuPont from a “b-” rating to a “c+” rating in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $78.47.
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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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