Carroll Financial Associates Inc. Has $4.07 Million Holdings in DowDuPont Inc (DWDP)

Carroll Financial Associates Inc. boosted its stake in DowDuPont Inc (NYSE:DWDP) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,302 shares of the company’s stock after purchasing an additional 2,774 shares during the period. Carroll Financial Associates Inc.’s holdings in DowDuPont were worth $4,067,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Appleton Partners Inc. MA increased its stake in DowDuPont by 3.6% in the 1st quarter. Appleton Partners Inc. MA now owns 64,805 shares of the company’s stock worth $3,455,000 after purchasing an additional 2,268 shares during the period. City Holding Co. increased its stake in DowDuPont by 7.6% in the 1st quarter. City Holding Co. now owns 62,342 shares of the company’s stock worth $3,323,000 after purchasing an additional 4,380 shares during the period. Tompkins Financial Corp grew its position in shares of DowDuPont by 68.2% in the 1st quarter. Tompkins Financial Corp now owns 7,561 shares of the company’s stock worth $486,000 after buying an additional 3,065 shares during the last quarter. Empire Life Investments Inc. grew its position in shares of DowDuPont by 11.5% in the 1st quarter. Empire Life Investments Inc. now owns 1,711,875 shares of the company’s stock worth $91,260,000 after buying an additional 176,528 shares during the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management grew its position in shares of DowDuPont by 9.3% in the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 27,842 shares of the company’s stock worth $1,484,000 after buying an additional 2,368 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

NYSE DWDP opened at $30.80 on Friday. 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 Inc has a twelve month low of $30.06 and a twelve month high of $48.34. The company has a market cap of $70.10 billion, a P/E ratio of 7.86, a PEG ratio of 1.31 and a beta of 1.29.

DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.14. DowDuPont had a return on equity of 9.05% and a net margin of 3.88%. The company had revenue of $19.65 billion for the quarter, compared to analyst estimates of $19.47 billion. During the same period in the previous year, the company posted $1.12 earnings per share. The firm’s revenue was down 8.7% on a year-over-year basis. Research analysts predict that DowDuPont Inc will post 2.29 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, April 26th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 2nd. DowDuPont’s dividend payout ratio is presently 13.63%.

A number of equities research analysts have recently weighed in on DWDP shares. Citigroup lowered DowDuPont from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $60.00 to $40.00 in a research report on Tuesday, April 2nd. SunTrust Banks cut their price objective on DowDuPont to $41.00 and set a “positive” rating on the stock in a research report on Monday, April 8th. BMO Capital Markets cut their price objective on DowDuPont from $67.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 2nd. Zacks Investment Research lowered DowDuPont from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Finally, Royal Bank of Canada lowered DowDuPont from a “top pick” rating to a “sector perform” rating and cut their price objective for the stock from $61.00 to $40.00 in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.00.

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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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