Stockman Wealth Management Inc. lessened its stake in DowDuPont Inc (NYSE:DWDP) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,880 shares of the company’s stock after selling 1,069 shares during the period. DowDuPont accounts for about 1.5% of Stockman Wealth Management Inc.’s portfolio, making the stock its 26th largest position. Stockman Wealth Management Inc.’s holdings in DowDuPont were worth $3,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of DWDP. Ruffer LLP increased its stake in DowDuPont by 22,779.8% in the 2nd quarter. Ruffer LLP now owns 3,412,744 shares of the company’s stock worth $225,087,000 after buying an additional 3,397,828 shares during the period. Bank of Montreal Can increased its stake in DowDuPont by 41.8% in the 2nd quarter. Bank of Montreal Can now owns 3,903,088 shares of the company’s stock worth $257,292,000 after buying an additional 1,149,757 shares during the period. American Century Companies Inc. increased its stake in DowDuPont by 65.6% in the 2nd quarter. American Century Companies Inc. now owns 2,228,118 shares of the company’s stock worth $146,878,000 after buying an additional 882,544 shares during the period. CIBC Private Wealth Group LLC increased its position in DowDuPont by 51.9% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 2,240,329 shares of the company’s stock valued at $147,683,000 after purchasing an additional 765,757 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its position in DowDuPont by 201.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 902,513 shares of the company’s stock valued at $59,494,000 after purchasing an additional 603,259 shares during the period. 69.45% of the stock is currently owned by institutional investors.
DWDP has been the topic of a number of research reports. Nomura downgraded shares of DowDuPont from a “buy” rating to a “neutral” rating and cut their target price for the company from $81.00 to $76.00 in a research report on Wednesday, September 26th. ValuEngine downgraded shares of DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. BNP Paribas initiated coverage on shares of DowDuPont in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $75.00 target price on the stock. Citigroup cut their target price on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. Finally, Deutsche Bank reissued a “buy” rating and set a $72.00 target price on shares of DowDuPont in a research report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $78.17.
Shares of DowDuPont stock opened at $58.68 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27. DowDuPont Inc has a 52-week low of $51.32 and a 52-week high of $77.08. The company has a market capitalization of $139.35 billion, a PE ratio of 14.74, a PEG ratio of 1.44 and a beta of 1.48.
DowDuPont (NYSE:DWDP) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The firm had revenue of $20.12 billion for the quarter, compared to the consensus estimate of $20.24 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, equities research analysts expect 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. Stockholders of record on Friday, November 30th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Thursday, November 29th. DowDuPont’s payout ratio is currently 44.71%.
In other news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by insiders.
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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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