Rehmann Capital Advisory Group acquired a new position in shares of DowDuPont Inc (NASDAQ:DWDP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 209,100 shares of the company’s stock, valued at approximately $14,476,000. DowDuPont makes up approximately 2.6% of Rehmann Capital Advisory Group’s investment portfolio, making the stock its 7th largest holding.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TCI Wealth Advisors Inc. acquired a new position in DowDuPont during the 3rd quarter worth $973,000. Gilman Hill Asset Management LLC acquired a new position in DowDuPont during the 3rd quarter worth $1,088,000. Barometer Capital Management Inc. bought a new stake in DowDuPont in the third quarter valued at about $4,701,000. Sit Investment Associates Inc. acquired a new position in DowDuPont in the third quarter valued at about $52,761,000. Finally, Winslow Evans & Crocker Inc. acquired a new position in DowDuPont in the third quarter valued at about $662,000.
DowDuPont Inc (NASDAQ DWDP) opened at $71.16 on Friday.
DowDuPont (NASDAQ:DWDP) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The business had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis.
The firm also recently disclosed 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 annualized dividend and a yield of 2.14%.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of DowDuPont from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Nomura upped their target price on shares of DowDuPont from $77.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Citigroup Inc upped their target price on shares of DowDuPont from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. HSBC Holdings plc initiated coverage on shares of DowDuPont in a research report on Tuesday, September 26th. They set a “hold” rating on the stock. Finally, UBS Group AG (USA) upped their target price on shares of DowDuPont from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $80.12.
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DowDuPont Company Profile
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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