Gardner Lewis Asset Management L P reduced its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 87.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,650 shares of the company’s stock after selling 54,370 shares during the period. Gardner Lewis Asset Management L P’s holdings in DowDuPont were worth $409,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. GAM Holding AG purchased a new stake in shares of DowDuPont during the third quarter valued at $222,000. Caxton Associates LP purchased a new stake in shares of DowDuPont during the third quarter valued at $218,000. Man Group plc lifted its stake in DowDuPont by 22.1% in the 3rd quarter. Man Group plc now owns 90,683 shares of the company’s stock worth $5,831,000 after acquiring an additional 16,395 shares in the last quarter. Verition Fund Management LLC lifted its stake in DowDuPont by 434.0% in the 3rd quarter. Verition Fund Management LLC now owns 41,555 shares of the company’s stock worth $2,672,000 after acquiring an additional 33,773 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in DowDuPont by 6.4% in the 3rd quarter. Signaturefd LLC now owns 14,755 shares of the company’s stock worth $949,000 after acquiring an additional 894 shares in the last quarter. Institutional investors own 69.45% of the company’s stock.
Several equities research analysts recently issued reports on DWDP shares. Citigroup downgraded DowDuPont from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $60.00 to $40.00 in a research note on Tuesday, April 2nd. SunTrust Banks reduced their price objective on DowDuPont to $41.00 and set a “positive” rating for the company in a research note on Monday, April 8th. Barclays reaffirmed a “hold” rating and issued a $62.00 target price on shares of DowDuPont in a research report on Tuesday, January 15th. BMO Capital Markets dropped their target price on DowDuPont from $67.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 2nd. Finally, Zacks Investment Research lowered DowDuPont from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company’s stock. DowDuPont has a consensus rating of “Hold” and an average price target of $57.50.
DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.14. The firm had revenue of $19.65 billion for the quarter, compared to analyst estimates of $19.47 billion. DowDuPont had a return on equity of 9.59% and a net margin of 4.47%. The company’s revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. As a group, equities research analysts forecast that DowDuPont Inc will post 2.19 earnings per share for the current year.
The firm also recently announced a dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, April 26th will be issued a $0.14 dividend. The ex-dividend date is Thursday, May 2nd. DowDuPont’s dividend payout ratio (DPR) is currently 13.63%.
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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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