DowDuPont Inc (NASDAQ:DWDP) had its price objective upped by UBS AG from $75.00 to $82.00 in a report published on Friday, October 27th, www.benzinga.com reports. The brokerage currently has a buy rating on the stock.
Several other analysts also recently issued reports on the stock. Morgan Stanley reaffirmed an overweight rating and issued a $77.00 price objective on shares of DowDuPont in a research report on Wednesday, September 6th. Susquehanna Bancshares Inc assumed coverage on DowDuPont in a research note on Tuesday, September 5th. They set a positive rating and a $80.00 target price for the company. Nomura increased their target price on DowDuPont from $77.00 to $82.00 and gave the company a buy rating in a research note on Wednesday, September 13th. Edward Jones assumed coverage on DowDuPont in a research note on Friday, September 1st. They set a hold rating for the company. Finally, J P Morgan Chase & Co assumed coverage on DowDuPont in a research note on Friday, September 15th. They set an overweight rating and a $80.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. DowDuPont currently has a consensus rating of Buy and a consensus price target of $79.72.
DowDuPont (NASDAQ:DWDP) opened at $69.97 on Friday. DowDuPont has a 1-year low of $64.01 and a 1-year high of $73.85.
DowDuPont (NASDAQ:DWDP) last posted its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. The business had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. During the same period last year, the company posted $0.91 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Tuesday, November 14th.
In related news, General Counsel Charles J. Kalil sold 78,895 shares of DowDuPont stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total value of $5,601,545.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of hedge funds and other institutional investors have recently made changes to their positions in DWDP. Excalibur Management Corp acquired a new stake in shares of DowDuPont during the 3rd quarter valued at about $303,000. TCI Wealth Advisors Inc. acquired a new stake in shares of DowDuPont during the 3rd quarter valued at about $973,000. Gilman Hill Asset Management LLC acquired a new stake in shares of DowDuPont during the 3rd quarter valued at about $1,088,000. Barometer Capital Management Inc. acquired a new stake in shares of DowDuPont during the 3rd quarter valued at about $4,701,000. Finally, State Treasurer State of Michigan acquired a new stake in shares of DowDuPont during the 3rd quarter valued at about $49,017,000.
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, and a pipeline of germplasm, traits and crop protection.
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