IBM Retirement Fund grew its stake in shares of DowDuPont Inc (NYSE:DWDP) by 5.3% in the 4th quarter, HoldingsChannel reports. The fund owned 61,060 shares of the company’s stock after acquiring an additional 3,050 shares during the period. DowDuPont comprises about 0.8% of IBM Retirement Fund’s holdings, making the stock its 27th largest position. IBM Retirement Fund’s holdings in DowDuPont were worth $4,746,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of DWDP. Tradewinds Capital Management LLC bought a new position in shares of DowDuPont during the third quarter valued at $101,000. Winfield Associates Inc. bought a new position in shares of DowDuPont during the third quarter valued at $103,000. Peddock Capital Advisors LLC bought a new position in shares of DowDuPont during the third quarter valued at $106,000. AllSquare Wealth Management LLC bought a new position in shares of DowDuPont during the third quarter valued at $108,000. Finally, NewSquare Capital LLC bought a new position in shares of DowDuPont during the third quarter valued at $109,000. Hedge funds and other institutional investors own 69.54% of the company’s stock.
In other news, insider Andrew N. Liveris sold 9,664 shares of DowDuPont stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $70.10, for a total transaction of $677,446.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew N. Liveris sold 187,402 shares of DowDuPont stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total value of $13,536,046.46. The disclosure for this sale can be found here. Insiders sold 305,371 shares of company stock worth $21,918,009 over the last three months. Insiders own 0.89% of the company’s stock.
DowDuPont (NYSE:DWDP) last announced its earnings results on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.16. The business had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. DowDuPont’s revenue was up 54.1% compared to the same quarter last year. equities analysts anticipate that DowDuPont Inc will post 4.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given 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 2.12%. DowDuPont’s payout ratio is 96.82%.
Several equities analysts have recently weighed in on DWDP shares. Credit Suisse Group raised their price target on DowDuPont from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research raised DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Tuesday, January 30th. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. UBS Group increased their price objective on DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Barclays dropped their price objective on DowDuPont from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $80.71.
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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