Archford Capital Strategies LLC Acquires New Position in DowDuPont Inc (DWDP)

Archford Capital Strategies LLC acquired a new position in DowDuPont Inc (NYSE:DWDP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,125 shares of the company’s stock, valued at approximately $799,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DWDP. Elmwood Wealth Management Inc. bought a new position in DowDuPont during the first quarter valued at approximately $102,000. Winthrop Partners WNY LLC bought a new position in DowDuPont during the first quarter valued at approximately $111,000. Cascade Investment Advisors Inc. boosted its stake in DowDuPont by 85.1% during the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock valued at $118,000 after buying an additional 825 shares during the last quarter. Institutional & Family Asset Management LLC bought a new position in DowDuPont during the first quarter valued at approximately $117,000. Finally, SG3 Management LLC bought a new position in DowDuPont during the second quarter valued at approximately $132,000. 69.49% of the stock is owned by hedge funds and other institutional investors.

Shares of DWDP stock opened at $68.58 on Friday. DowDuPont Inc has a 1 year low of $61.27 and a 1 year high of $77.08. The company has a current ratio of 1.70, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27. The company has a market cap of $161.26 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.65 and a beta of 1.34.

DowDuPont (NYSE:DWDP) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The business had revenue of $24.25 billion for the quarter, compared to the consensus estimate of $23.71 billion. The firm’s revenue for the quarter was up 75.3% on a year-over-year basis. equities research analysts anticipate that DowDuPont Inc will post 4.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.22%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

In other news, General Counsel Charles J. Kalil sold 100,645 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Edward D. Breen purchased 29,580 shares of DowDuPont stock in a transaction dated Wednesday, August 8th. The stock was acquired at an average price of $67.61 per share, for a total transaction of $1,999,903.80. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.

A number of equities analysts recently commented on the company. ValuEngine raised DowDuPont from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. MED reissued a “buy” rating and set a $90.00 price target on shares of DowDuPont in a research note on Tuesday, June 5th. Barclays dropped their price target on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 6th. Finally, UBS Group increased their price target on DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. DowDuPont presently has an average rating of “Buy” and an average price target of $81.65.

DowDuPont Company 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.

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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