Great Lakes Advisors LLC Grows Holdings in DowDuPont Inc (DWDP)

Great Lakes Advisors LLC grew its holdings in DowDuPont Inc (NYSE:DWDP) by 25.0% during the third quarter, HoldingsChannel reports. The firm owned 43,609 shares of the company’s stock after acquiring an additional 8,729 shares during the period. Great Lakes Advisors LLC’s holdings in DowDuPont were worth $2,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DWDP. Capital International Investors lifted its stake in DowDuPont by 217.7% in the 3rd quarter. Capital International Investors now owns 31,674,850 shares of the company’s stock worth $2,037,010,000 after purchasing an additional 21,705,299 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of DowDuPont by 6,180.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 14,166,195 shares of the company’s stock worth $2,517,979,000 after buying an additional 13,940,627 shares during the last quarter. Capital World Investors increased its holdings in shares of DowDuPont by 2.6% during the 3rd quarter. Capital World Investors now owns 131,628,818 shares of the company’s stock worth $8,465,049,000 after buying an additional 3,387,817 shares during the last quarter. Morgan Stanley increased its holdings in shares of DowDuPont by 7.6% during the 3rd quarter. Morgan Stanley now owns 21,342,100 shares of the company’s stock worth $1,372,513,000 after buying an additional 1,511,435 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of DowDuPont by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 179,394,835 shares of the company’s stock worth $11,536,882,000 after buying an additional 1,236,916 shares during the last quarter. 69.89% of the stock is currently owned by institutional investors and hedge funds.

DowDuPont stock opened at $53.75 on Friday. DowDuPont Inc has a fifty-two week low of $51.32 and a fifty-two week high of $77.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.64 and a quick ratio of 1.05. The company has a market capitalization of $130.24 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.35 and a beta of 1.51.

DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, November 1st. The company reported $0.74 earnings per share 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 the consensus estimate of $20.24 billion. During the same quarter last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, sell-side analysts expect that DowDuPont Inc will post 4.14 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 annualized dividend and a yield of 2.83%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

A number of analysts have recently issued reports on DWDP shares. ValuEngine upgraded shares of DowDuPont from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Citigroup cut their price target on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a report on Friday, September 21st. Nomura downgraded shares of DowDuPont from a “buy” rating to a “neutral” rating and cut their price target for the stock from $81.00 to $76.00 in a report on Wednesday, September 26th. BNP Paribas started coverage on shares of DowDuPont in a report on Tuesday, October 2nd. They set a “neutral” rating and a $75.00 price target for the company. Finally, Deutsche Bank restated a “buy” rating and set a $72.00 price target on shares of DowDuPont in a report on Friday, October 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. DowDuPont has an average rating of “Buy” and a consensus target price of $78.47.

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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.

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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