DNB Asset Management AS lowered its holdings in DowDuPont Inc (NYSE:DWDP) by 4.3% in the first quarter, HoldingsChannel.com reports. The firm owned 379,706 shares of the company’s stock after selling 16,925 shares during the quarter. DNB Asset Management AS’s holdings in DowDuPont were worth $20,242,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Graves Light Private Wealth Management Inc. boosted its holdings in DowDuPont by 12.9% in the 1st quarter. Graves Light Private Wealth Management Inc. now owns 4,652 shares of the company’s stock valued at $248,000 after purchasing an additional 532 shares during the period. Old North State Trust LLC lifted its holdings in shares of DowDuPont by 20.8% during the 1st quarter. Old North State Trust LLC now owns 12,001 shares of the company’s stock worth $639,000 after acquiring an additional 2,070 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of DowDuPont by 39,468.8% during the 1st quarter. Pacer Advisors Inc. now owns 189,930 shares of the company’s stock worth $10,125,000 after acquiring an additional 189,450 shares during the period. North Star Investment Management Corp. lifted its holdings in shares of DowDuPont by 2.7% during the 1st quarter. North Star Investment Management Corp. now owns 21,802 shares of the company’s stock worth $1,162,000 after acquiring an additional 571 shares during the period. Finally, Gateway Investment Advisers LLC lifted its holdings in shares of DowDuPont by 10.5% during the 1st quarter. Gateway Investment Advisers LLC now owns 1,536,756 shares of the company’s stock worth $81,924,000 after acquiring an additional 146,258 shares during the period. 69.18% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on DWDP. ValuEngine downgraded shares of DowDuPont from a “sell” rating to a “strong sell” rating in a report on Tuesday. Bank of America reaffirmed a “neutral” rating and set a $40.00 price target (down previously from $44.00) on shares of DowDuPont in a report on Friday. BMO Capital Markets cut their price target on shares of DowDuPont from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, April 23rd. Royal Bank of Canada downgraded shares of DowDuPont from a “top pick” rating to a “sector perform” rating and cut their price target for the stock from $61.00 to $40.00 in a report on Tuesday, April 16th. Finally, Nomura cut their price target on shares of DowDuPont from $57.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. DowDuPont presently has an average rating of “Hold” and an average target price of $57.50.
DWDP stock opened at $33.62 on Tuesday. The company has a market cap of $81.26 billion, a P/E ratio of 9.11, a P/E/G ratio of 1.59 and a beta of 1.29. DowDuPont Inc has a 1 year low of $32.86 and a 1 year high of $48.34. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.14. The business had revenue of $19.65 billion during the quarter, compared to analysts’ expectations of $19.47 billion. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. As a group, research analysts expect that DowDuPont Inc will post 2.19 earnings per share for the current fiscal year.
The business also recently disclosed a dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, April 26th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 2nd. DowDuPont’s dividend payout ratio is 13.63%.
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.
Read More: Debt-To-Equity Ratio
Want to see what other hedge funds are holding DWDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DowDuPont Inc (NYSE:DWDP).
Receive News & Ratings for DowDuPont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DowDuPont and related companies with MarketBeat.com's FREE daily email newsletter.