DowDuPont Inc (NASDAQ:DWDP) had its price target lifted by Morgan Stanley from $77.00 to $80.00 in a research report sent to investors on Wednesday, MarketBeat.com reports. They currently have an overweight rating on the stock.
A number of other equities research analysts also recently commented on the stock. Susquehanna Bancshares Inc initiated coverage on shares of DowDuPont in a report on Tuesday, September 5th. They set a positive rating and a $80.00 price target for the company. Nomura lifted their price target on shares of DowDuPont from $77.00 to $82.00 and gave the stock a buy rating in a report on Wednesday, September 13th. Edward Jones initiated coverage on shares of DowDuPont in a report on Friday, September 1st. They set a hold rating for the company. J P Morgan Chase & Co initiated coverage on shares of DowDuPont in a report on Friday, September 15th. They set an overweight rating and a $80.00 price target for the company. Finally, Instinet reiterated a buy rating and set a $77.00 price target on shares of DowDuPont in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the company. DowDuPont presently has a consensus rating of Buy and an average price target of $80.12.
DowDuPont (NASDAQ:DWDP) opened at $71.16 on Wednesday.
DowDuPont (NASDAQ:DWDP) last announced its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. The business had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS.
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The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.14%.
A number of institutional investors have recently added to or reduced their stakes in DWDP. Curbstone Financial Management Corp purchased a new stake in DowDuPont in the third quarter valued at approximately $2,872,000. Eqis Capital Management Inc. purchased a new stake in DowDuPont in the third quarter valued at approximately $397,000. Neville Rodie & Shaw Inc. purchased a new stake in DowDuPont in the third quarter valued at approximately $15,334,000. McQueen Ball & Associates Inc. purchased a new stake in DowDuPont in the third quarter valued at approximately $650,000. Finally, Private Asset Management Inc. purchased a new stake in DowDuPont in the third quarter valued at approximately $1,953,000.
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, and a pipeline of germplasm, traits and crop protection.
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