Janney Capital Management LLC grew its holdings in DowDuPont Inc (NYSE:DWDP) by 1,339.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 179,858 shares of the company’s stock after purchasing an additional 167,362 shares during the quarter. Janney Capital Management LLC’s holdings in DowDuPont were worth $11,856,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Grace & White Inc. NY bought a new position in shares of DowDuPont in the second quarter valued at $219,000. Westwood Management Corp IL acquired a new stake in shares of DowDuPont during the second quarter worth $203,000. Rothschild Investment Corp IL lifted its holdings in shares of DowDuPont by 11.3% during the second quarter. Rothschild Investment Corp IL now owns 199,339 shares of the company’s stock worth $13,140,000 after buying an additional 20,283 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of DowDuPont by 160.1% during the second quarter. Acadian Asset Management LLC now owns 20,378 shares of the company’s stock worth $1,343,000 after buying an additional 12,542 shares in the last quarter. Finally, Norris Perne & French LLP MI lifted its holdings in shares of DowDuPont by 39.9% during the second quarter. Norris Perne & French LLP MI now owns 4,469 shares of the company’s stock worth $295,000 after buying an additional 1,275 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on the company. Barclays dropped their price target on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 6th. ValuEngine downgraded DowDuPont from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Credit Suisse Group lowered their target price on DowDuPont from $82.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, May 4th. Deutsche Bank reduced their price target on DowDuPont from $84.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, May 4th. Finally, Royal Bank of Canada restated a “buy” rating and set a $85.00 price target on shares of DowDuPont in a report on Tuesday, April 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $81.09.
DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $24.25 billion during the quarter, compared to analyst estimates of $23.71 billion. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. DowDuPont’s revenue was up 75.3% compared to the same quarter last year. equities analysts expect that DowDuPont Inc will post 4.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.24%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
In other news, CEO Edward D. Breen purchased 29,580 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was bought at an average price of $67.61 per share, for a total transaction of $1,999,903.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Andrew N. Liveris sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $69.57, for a total value of $6,957,000.00. The disclosure for this sale can be found here. Insiders sold a total of 518,095 shares of company stock valued at $35,702,234 in the last 90 days. Corporate insiders own 0.42% of the company’s stock.
DowDuPont Company Profile
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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