DowDuPont Inc (DWDP) Stake Increased by Redmond Asset Management LLC

Redmond Asset Management LLC lifted its stake in shares of DowDuPont Inc (NYSE:DWDP) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,049 shares of the company’s stock after buying an additional 1,035 shares during the quarter. DowDuPont makes up about 1.2% of Redmond Asset Management LLC’s investment portfolio, making the stock its 21st largest holding. Redmond Asset Management LLC’s holdings in DowDuPont were worth $3,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in DWDP. Acadian Asset Management LLC boosted its position in DowDuPont by 160.1% during the 2nd quarter. Acadian Asset Management LLC now owns 20,378 shares of the company’s stock valued at $1,343,000 after acquiring an additional 12,542 shares in the last quarter. MainStreet Investment Advisors LLC boosted its position in DowDuPont by 5.5% during the 2nd quarter. MainStreet Investment Advisors LLC now owns 83,574 shares of the company’s stock valued at $5,509,000 after acquiring an additional 4,372 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in DowDuPont by 4.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,210,000 shares of the company’s stock valued at $145,683,000 after acquiring an additional 100,000 shares in the last quarter. Park Avenue Securities LLC boosted its position in DowDuPont by 35.6% during the 2nd quarter. Park Avenue Securities LLC now owns 6,162 shares of the company’s stock valued at $405,000 after acquiring an additional 1,619 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in DowDuPont by 2.0% during the 2nd quarter. Parallel Advisors LLC now owns 82,379 shares of the company’s stock valued at $5,430,000 after acquiring an additional 1,591 shares in the last quarter. 69.89% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on DWDP shares. Deutsche Bank reaffirmed a “buy” rating and set a $72.00 price objective on shares of DowDuPont in a research report on Friday, October 12th. Citigroup reaffirmed a “buy” rating and set a $74.00 price objective (down from $79.00) on shares of DowDuPont in a research report on Thursday, October 11th. Alembic Global Advisors set a $90.00 price objective on DowDuPont and gave the company a “buy” rating in a research report on Thursday, November 1st. BMO Capital Markets cut their price objective on DowDuPont from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Finally, TheStreet cut DowDuPont from a “b-” rating to a “c+” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. DowDuPont currently has an average rating of “Buy” and an average target price of $78.47.

DWDP stock opened at $59.16 on Tuesday. DowDuPont Inc has a 52-week low of $51.32 and a 52-week high of $77.08. The company has a market cap of $134.73 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.51. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 0.27.

DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The firm had revenue of $20.12 billion during the quarter, compared to analyst estimates of $20.24 billion. During the same period last year, the business earned $0.55 earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. Sell-side analysts predict that DowDuPont Inc will post 4.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.57%. DowDuPont’s payout ratio is 44.71%.

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About DowDuPont

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: What is an investor looking for in an SEC filing?

Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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