Candriam Luxembourg S.C.A. lifted its stake in DowDuPont Inc (NYSE:DWDP) by 21.8% in the 4th quarter, HoldingsChannel reports. The fund owned 298,414 shares of the company’s stock after purchasing an additional 53,489 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in DowDuPont were worth $15,958,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DWDP. Rehmann Capital Advisory Group grew its stake in DowDuPont by 6,180.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 14,166,195 shares of the company’s stock valued at $2,517,979,000 after purchasing an additional 13,940,627 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in DowDuPont by 5,163.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,415,618 shares of the company’s stock valued at $251,000 after purchasing an additional 13,160,717 shares during the last quarter. Geode Capital Management LLC grew its stake in DowDuPont by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 27,423,521 shares of the company’s stock valued at $1,463,987,000 after purchasing an additional 1,648,165 shares during the last quarter. Morgan Stanley grew its stake in DowDuPont by 7.6% during the 3rd quarter. Morgan Stanley now owns 21,342,100 shares of the company’s stock valued at $1,372,513,000 after purchasing an additional 1,511,435 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in DowDuPont by 1,905.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,586,591 shares of the company’s stock valued at $84,851,000 after purchasing an additional 1,507,496 shares during the last quarter. 69.37% of the stock is owned by hedge funds and other institutional investors.
Shares of DWDP opened at $38.90 on Tuesday. DowDuPont Inc has a 52 week low of $16.30 and a 52 week high of $39.53. The company has a current ratio of 2.01, a quick ratio of 1.33 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $91.46 billion, a PE ratio of 9.46, a P/E/G ratio of 1.74 and a beta of 1.28.
DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, January 31st. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). DowDuPont had a return on equity of 9.59% and a net margin of 4.47%. The company had revenue of $20.10 billion during the quarter, compared to analysts’ expectations of $21.11 billion. On average, research analysts predict that DowDuPont Inc will post 2.23 EPS for the current fiscal year.
DWDP has been the topic of several research analyst reports. Citigroup downgraded DowDuPont from a “buy” rating to a “neutral” rating and dropped their price target for the company from $60.00 to $40.00 in a research note on Tuesday, April 2nd. SunTrust Banks dropped their price target on DowDuPont to $41.00 and set a “positive” rating on the stock in a research note on Monday, April 8th. Barclays reiterated a “hold” rating and set a $62.00 price target on shares of DowDuPont in a research note on Tuesday, January 15th. BMO Capital Markets dropped their price target on DowDuPont from $67.00 to $46.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 2nd. Finally, Zacks Investment Research downgraded DowDuPont from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $59.00.
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DowDuPont Company Profile
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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