American Asset Management Inc. boosted its stake in DowDuPont Inc (NYSE:DWDP) by 15.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,834 shares of the company’s stock after purchasing an additional 1,872 shares during the period. DowDuPont comprises approximately 0.6% of American Asset Management Inc.’s investment portfolio, making the stock its 14th biggest position. American Asset Management Inc.’s holdings in DowDuPont were worth $912,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Ruffer LLP lifted its position in shares of DowDuPont by 22,779.8% during the 2nd quarter. Ruffer LLP now owns 3,412,744 shares of the company’s stock worth $225,087,000 after buying an additional 3,397,828 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of DowDuPont by 38.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,458,290 shares of the company’s stock worth $538,878,000 after purchasing an additional 2,344,766 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of DowDuPont by 23.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 8,638,870 shares of the company’s stock worth $550,383,000 after purchasing an additional 1,621,876 shares during the last quarter. Bank of Montreal Can increased its stake in shares of DowDuPont by 41.8% during the 2nd quarter. Bank of Montreal Can now owns 3,903,088 shares of the company’s stock worth $257,292,000 after purchasing an additional 1,149,757 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. purchased a new position in DowDuPont in the 1st quarter valued at approximately $59,025,000. Hedge funds and other institutional investors own 69.48% of the company’s stock.
In related news, General Counsel Charles J. Kalil sold 100,645 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward D. Breen acquired 29,580 shares of the stock in a transaction on Wednesday, August 8th. The shares were acquired at an average price of $67.61 per share, with a total value of $1,999,903.80. The disclosure for this purchase can be found here. Insiders have sold 488,892 shares of company stock valued at $33,938,668 over the last ninety days. 0.42% of the stock is currently owned by corporate insiders.
DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.08. The business had revenue of $24.25 billion for the quarter, compared to the consensus estimate of $23.71 billion. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The firm’s revenue was up 75.3% compared to the same quarter last year. equities analysts forecast that DowDuPont Inc will post 4.2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, August 30th. This represents a $1.52 annualized dividend and a yield of 2.17%. DowDuPont’s payout ratio is 44.71%.
A number of research firms recently weighed in on DWDP. ValuEngine upgraded shares of DowDuPont from a “sell” rating to a “hold” rating in a research note on Tuesday. Barclays reduced their price target on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. MED reaffirmed a “buy” rating and set a $90.00 price objective on shares of DowDuPont in a report on Thursday, August 2nd. UBS Group boosted their price target on shares of DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Credit Suisse Group decreased their price objective on shares of DowDuPont from $82.00 to $78.00 and set an “outperform” rating on the stock in a research report on Friday, May 4th. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $81.09.
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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