Northpointe Capital LLC Has $2.53 Million Stake in DowDuPont Inc (DWDP)

Northpointe Capital LLC cut its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 2.4% during the first quarter, HoldingsChannel.com reports. The fund owned 47,392 shares of the company’s stock after selling 1,151 shares during the period. Northpointe Capital LLC’s holdings in DowDuPont were worth $2,526,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. PRW Wealth Management LLC acquired a new stake in DowDuPont in the 4th quarter worth about $26,000. Bogart Wealth LLC boosted its holdings in DowDuPont by 46.5% in the 4th quarter. Bogart Wealth LLC now owns 630 shares of the company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. G&S Capital LLC boosted its holdings in DowDuPont by 116.8% in the 4th quarter. G&S Capital LLC now owns 657 shares of the company’s stock worth $35,000 after buying an additional 354 shares during the last quarter. Capital Financial Planning LLC acquired a new stake in DowDuPont in the 4th quarter worth about $36,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in DowDuPont in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 69.72% of the company’s stock.

DWDP has been the topic of several research analyst reports. BMO Capital Markets lowered their price objective on DowDuPont from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada lowered their price objective on DowDuPont to $64.00 and set a “top pick” rating on the stock in a report on Tuesday, March 19th. UBS Group initiated coverage on DowDuPont in a report on Wednesday, April 3rd. They issued a “buy” rating and a $45.00 price objective on the stock. SunTrust Banks lowered their price objective on DowDuPont to $57.00 and set a “hold” rating on the stock in a report on Monday, February 4th. Finally, Nomura lowered their price objective on DowDuPont from $57.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.00.

Shares of DowDuPont stock opened at $30.10 on Thursday. The company has a market cap of $70.62 billion, a PE ratio of 7.32, a P/E/G ratio of 1.32 and a beta of 1.29. DowDuPont Inc has a 1-year low of $30.06 and a 1-year high of $48.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.72.

DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.14. The business had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.47 billion. DowDuPont had a return on equity of 9.05% and a net margin of 3.88%. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. As a group, analysts expect 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 issued a dividend of $0.14 per share. The ex-dividend date is Thursday, May 2nd. DowDuPont’s dividend payout ratio is currently 13.63%.

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DowDuPont 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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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