DowDuPont (DWDP) Downgraded by TheStreet to C+

TheStreet lowered shares of DowDuPont (NYSE:DWDP) from a b- rating to a c+ rating in a report released on Thursday, November 1st.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of DowDuPont from $75.00 to $65.00 and set an overweight rating on the stock in a report on Friday, November 2nd. Nomura dropped their price target on shares of DowDuPont from $76.00 to $73.00 and set a neutral rating on the stock in a research note on Friday, November 2nd. BMO Capital Markets dropped their price target on shares of DowDuPont from $80.00 to $76.00 and set a buy rating on the stock in a research note on Friday, November 2nd. Alembic Global Advisors set a $90.00 price target on shares of DowDuPont and gave the company a buy rating in a research note on Thursday, November 1st. Finally, Stephens lowered shares of DowDuPont from an overweight rating to a hold rating and set a $63.00 price target on the stock. in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. DowDuPont currently has an average rating of Buy and a consensus target price of $78.17.

Shares of DWDP stock traded down $0.76 during trading hours on Thursday, hitting $58.68. 11,662,756 shares of the company were exchanged, compared to its average volume of 13,471,750. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.64. DowDuPont has a one year low of $51.32 and a one year high of $77.08. The stock has a market capitalization of $139.35 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.44 and a beta of 1.48.

DowDuPont (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The business had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. During the same quarter last year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. As a group, research analysts forecast that DowDuPont will post 4.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.59%. DowDuPont’s dividend payout ratio is presently 44.71%.

In related news, General Counsel Charles J. Kalil sold 100,645 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which is available at this link. 0.42% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of DWDP. Ruffer LLP boosted its holdings in DowDuPont by 22,779.8% during the second 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. Bank of Montreal Can boosted its holdings in DowDuPont by 41.8% during the second quarter. Bank of Montreal Can now owns 3,903,088 shares of the company’s stock worth $257,292,000 after buying an additional 1,149,757 shares in the last quarter. American Century Companies Inc. boosted its holdings in DowDuPont by 65.6% during the second quarter. American Century Companies Inc. now owns 2,228,118 shares of the company’s stock worth $146,878,000 after buying an additional 882,544 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in DowDuPont by 51.9% during the second quarter. CIBC Private Wealth Group LLC now owns 2,240,329 shares of the company’s stock worth $147,683,000 after buying an additional 765,757 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its holdings in DowDuPont by 201.6% during the second quarter. Ontario Teachers Pension Plan Board now owns 902,513 shares of the company’s stock worth $59,494,000 after buying an additional 603,259 shares in the last quarter. Hedge funds and other institutional investors own 69.45% 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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Analyst Recommendations for DowDuPont (NYSE:DWDP)

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