Kistler Tiffany Companies LLC lifted its stake in shares of DowDuPont Inc (NYSE:DWDP) by 12.8% in the 1st quarter, HoldingsChannel reports. The fund owned 14,064 shares of the company’s stock after acquiring an additional 1,593 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in DowDuPont were worth $750,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Mcrae Capital Management Inc. increased its position in shares of DowDuPont by 7.3% during the first quarter. Mcrae Capital Management Inc. now owns 14,980 shares of the company’s stock worth $799,000 after acquiring an additional 1,014 shares in the last quarter. Moller Financial Services boosted its holdings in DowDuPont by 81.8% during the first quarter. Moller Financial Services now owns 26,004 shares of the company’s stock worth $1,416,000 after purchasing an additional 11,700 shares during the last quarter. Cohen Klingenstein LLC boosted its holdings in DowDuPont by 11.1% during the first quarter. Cohen Klingenstein LLC now owns 47,944 shares of the company’s stock worth $2,556,000 after purchasing an additional 4,809 shares during the last quarter. Fruth Investment Management boosted its holdings in DowDuPont by 65.8% during the first quarter. Fruth Investment Management now owns 26,472 shares of the company’s stock worth $1,411,000 after purchasing an additional 10,510 shares during the last quarter. Finally, Means Investment CO. Inc. boosted its holdings in DowDuPont by 6.4% during the first quarter. Means Investment CO. Inc. now owns 7,603 shares of the company’s stock worth $405,000 after purchasing an additional 455 shares during the last quarter. 69.72% of the stock is owned by institutional investors.
Shares of DWDP stock opened at $30.76 on Wednesday. The firm has a market capitalization of $70.43 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 1.32 and a beta of 1.29. 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 Inc has a one year low of $30.10 and a one year high of $48.34.
DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.14. The company 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%. DowDuPont’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 EPS. As a group, equities research analysts predict that DowDuPont Inc will post 2.29 earnings per share for the current fiscal year.
The business also recently announced a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 2nd. DowDuPont’s dividend payout ratio is presently 13.63%.
Several research analysts recently commented on DWDP shares. Argus reduced their target price on shares of DowDuPont from $81.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, February 5th. Goldman Sachs Group started coverage on shares of DowDuPont in a report on Friday, March 29th. They set a “neutral” rating and a $42.00 target price for the company. SunTrust Banks reduced their target price on shares of DowDuPont to $57.00 and set a “hold” rating for the company in a report on Monday, February 4th. Citigroup cut shares of DowDuPont from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $60.00 to $40.00 in a report on Tuesday, April 2nd. Finally, UBS Group started coverage on shares of DowDuPont in a report on Wednesday, April 3rd. They set a “buy” rating and a $45.00 target price for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $56.00.
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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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