Kidder Stephen W Reduces Stake in DowDuPont Inc (DWDP)

Kidder Stephen W decreased its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 5.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 16,312 shares of the company’s stock after selling 897 shares during the quarter. Kidder Stephen W’s holdings in DowDuPont were worth $1,075,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Epoch Investment Partners Inc. grew its holdings in shares of DowDuPont by 23.1% in the first quarter. Epoch Investment Partners Inc. now owns 8,638,870 shares of the company’s stock valued at $550,383,000 after purchasing an additional 1,621,876 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of DowDuPont by 38.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,458,290 shares of the company’s stock valued at $538,878,000 after purchasing an additional 2,344,766 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of DowDuPont by 1.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,037,653 shares of the company’s stock valued at $448,369,000 after purchasing an additional 72,271 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of DowDuPont by 0.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,171,057 shares of the company’s stock valued at $393,159,000 after purchasing an additional 29,144 shares during the period. Finally, Temasek Holdings Private Ltd grew its holdings in shares of DowDuPont by 6.9% in the first quarter. Temasek Holdings Private Ltd now owns 6,009,749 shares of the company’s stock valued at $382,881,000 after purchasing an additional 389,659 shares during the period. 69.60% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on DWDP. ValuEngine lowered shares of DowDuPont from a “hold” rating to a “sell” rating in a report on Friday. MED reissued a “buy” rating and issued a $90.00 price objective on shares of DowDuPont in a report on Thursday. UBS Group upped their price objective on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a report on Thursday. Credit Suisse Group dropped their price objective on shares of DowDuPont from $82.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, May 4th. Finally, Deutsche Bank dropped their price objective on shares of DowDuPont from $84.00 to $76.00 and set a “buy” rating for the company in a report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have given a buy rating to the company. DowDuPont currently has a consensus rating of “Buy” and a consensus price target of $81.26.

In other news, General Counsel Charles J. Kalil sold 129,848 shares of the stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $68.42, for a total transaction of $8,884,200.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Charles J. Kalil sold 19,841 shares of the stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $68.40, for a total transaction of $1,357,124.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 518,095 shares of company stock valued at $35,702,234. 0.42% of the stock is currently owned by insiders.

Shares of DowDuPont opened at $66.82 on Friday, Marketbeat.com reports. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. The stock has a market cap of $154.74 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.58 and a beta of 1.26. DowDuPont Inc has a 1-year low of $61.27 and a 1-year high of $77.08.

DowDuPont (NYSE:DWDP) last announced its earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.08. The company had revenue of $24.25 billion during the quarter, compared to analyst estimates of $23.71 billion. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The business’s revenue for the quarter was up 75.3% on a year-over-year basis. equities research analysts anticipate that DowDuPont Inc will post 4.22 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, August 30th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

DowDuPont Profile

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.

Further Reading: Outstanding Shares and The Effect on Share Price

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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