Gradient Investments LLC raised its stake in shares of DowDuPont Inc (NYSE:DWDP) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,814 shares of the company’s stock after purchasing an additional 3,512 shares during the period. DowDuPont accounts for 0.6% of Gradient Investments LLC’s portfolio, making the stock its 22nd largest position. Gradient Investments LLC’s holdings in DowDuPont were worth $9,886,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Tradewinds Capital Management LLC purchased a new stake in DowDuPont during the third quarter worth approximately $101,000. Winfield Associates Inc. purchased a new stake in DowDuPont during the third quarter worth approximately $103,000. Peddock Capital Advisors LLC purchased a new stake in DowDuPont during the third quarter worth approximately $106,000. AllSquare Wealth Management LLC purchased a new stake in DowDuPont during the third quarter worth approximately $108,000. Finally, NewSquare Capital LLC purchased a new stake in DowDuPont during the third quarter worth approximately $109,000. 69.54% of the stock is owned by hedge funds and other institutional investors.
DWDP has been the subject of several research reports. UBS Group boosted their price objective on shares of DowDuPont from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Morgan Stanley boosted their price objective on shares of DowDuPont from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of DowDuPont from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Credit Suisse Group boosted their price objective on shares of DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, SunTrust Banks reiterated a “hold” rating and set a $73.00 price objective on shares of DowDuPont in a research note on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $80.71.
DowDuPont (NYSE:DWDP) last announced its earnings results on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.16. The business had revenue of $20.07 billion during the quarter, compared to the consensus estimate of $19.46 billion. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. DowDuPont’s revenue for the quarter was up 54.1% compared to the same quarter last year. analysts anticipate that DowDuPont Inc will post 4.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 annualized dividend and a yield of 2.11%. DowDuPont’s dividend payout ratio is presently 96.82%.
In related news, insider Andrew N. Liveris sold 49,449 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $71.63, for a total value of $3,542,031.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Charles J. Kalil sold 40,528 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $71.51, for a total transaction of $2,898,157.28. The disclosure for this sale can be found here. Insiders sold 395,348 shares of company stock worth $28,358,199 over the last ninety days. 0.89% of the stock is currently owned by corporate insiders.
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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, traits and crop protection.
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