Proffitt & Goodson Inc. boosted its holdings in DowDuPont Inc (NYSE:DWDP) by 10.2% during the first quarter, HoldingsChannel.com reports. The fund owned 14,655 shares of the company’s stock after purchasing an additional 1,357 shares during the period. Proffitt & Goodson Inc.’s holdings in DowDuPont were worth $781,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of DWDP. Norges Bank bought a new stake in DowDuPont in the fourth quarter valued at about $1,073,626,000. Oregon Public Employees Retirement Fund increased its stake in DowDuPont by 5,163.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,415,618 shares of the company’s stock valued at $251,000 after acquiring an additional 13,160,717 shares during the period. Geode Capital Management LLC increased its stake in DowDuPont by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 27,423,521 shares of the company’s stock valued at $1,463,987,000 after acquiring an additional 1,648,165 shares during the period. Assenagon Asset Management S.A. increased its stake in DowDuPont by 1,905.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,586,591 shares of the company’s stock valued at $84,851,000 after acquiring an additional 1,507,496 shares during the period. Finally, Macquarie Group Ltd. increased its stake in DowDuPont by 13.3% in the fourth quarter. Macquarie Group Ltd. now owns 12,226,539 shares of the company’s stock valued at $653,882,000 after acquiring an additional 1,438,375 shares during the period. 69.72% of the stock is currently owned by institutional investors and hedge funds.
DWDP has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut shares of DowDuPont from an “overweight” rating to a “neutral” rating in a research note on Friday, February 1st. Credit Suisse Group reissued an “outperform” rating and issued a $68.00 target price (down previously from $79.00) on shares of DowDuPont in a research note on Friday, February 1st. BMO Capital Markets lowered their target price on shares of DowDuPont to $66.00 and set an “outperform” rating on the stock in a research note on Friday, February 1st. Bank of America set a $70.00 target price on shares of DowDuPont and gave the company a “buy” rating in a research note on Saturday, February 2nd. Finally, SunTrust Banks lowered their target price on shares of DowDuPont to $57.00 and set a “hold” rating on the stock in a research note on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $56.00.
NYSE:DWDP opened at $30.97 on Friday. The stock has a market capitalization of $72.13 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 1.35 and a beta of 1.29. DowDuPont Inc has a 12 month low of $30.06 and a 12 month high of $48.34. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37.
DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.14. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. The firm had revenue of $19.65 billion for the quarter, compared to analyst estimates of $19.47 billion. During the same period in the previous year, the business earned $1.12 earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. 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 given a dividend of $0.14 per share. The ex-dividend date is Thursday, May 2nd. DowDuPont’s 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.
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