Lantz Financial LLC Purchases Shares of 27,403 DowDuPont Inc (DWDP)

Lantz Financial LLC purchased a new stake in shares of DowDuPont Inc (NYSE:DWDP) during the first quarter, Holdings Channel reports. The institutional investor purchased 27,403 shares of the company’s stock, valued at approximately $1,461,000. DowDuPont makes up approximately 1.1% of Lantz Financial LLC’s investment portfolio, making the stock its 28th biggest position.

Several other hedge funds have also modified their holdings of the company. Iberiabank Corp grew its holdings in shares of DowDuPont by 13.9% during the first quarter. Iberiabank Corp now owns 7,932 shares of the company’s stock valued at $423,000 after buying an additional 970 shares in the last quarter. First National Bank of Hutchinson purchased a new position in shares of DowDuPont during the first quarter valued at $229,000. CWM LLC grew its holdings in shares of DowDuPont by 6.7% during the first quarter. CWM LLC now owns 40,983 shares of the company’s stock valued at $2,185,000 after buying an additional 2,575 shares in the last quarter. Searle & CO. grew its holdings in shares of DowDuPont by 2.2% during the first quarter. Searle & CO. now owns 49,858 shares of the company’s stock valued at $2,658,000 after buying an additional 1,057 shares in the last quarter. Finally, Successful Portfolios LLC grew its holdings in shares of DowDuPont by 5.7% during the first quarter. Successful Portfolios LLC now owns 5,068 shares of the company’s stock valued at $270,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 67.84% of the company’s stock.

DWDP has been the subject of a number of research reports. Bank of America cut DowDuPont from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research report on Tuesday, April 2nd. Morgan Stanley reduced their price objective on DowDuPont from $70.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, April 2nd. SunTrust Banks reduced their price objective on DowDuPont to $37.00 and set a “hold” rating for the company in a research report on Tuesday, May 7th. UBS Group initiated coverage on DowDuPont in a research report on Wednesday, April 3rd. They set a “buy” rating and a $45.00 price objective for the company. Finally, ValuEngine raised DowDuPont from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. DowDuPont currently has an average rating of “Hold” and an average price target of $55.75.

Shares of NYSE:DWDP opened at $31.72 on Thursday. DowDuPont Inc has a fifty-two week low of $30.06 and a fifty-two week high of $48.34. The stock has a market capitalization of $74.51 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 1.50 and a beta of 1.29. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.

DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $19.47 billion. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, analysts predict that DowDuPont Inc will post 2.14 EPS for the current fiscal year.

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

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DowDuPont Company 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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