Peoples Bank OH bought a new stake in DowDuPont Inc (NASDAQ:DWDP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,727 shares of the company’s stock, valued at approximately $535,000.
Several other institutional investors also recently modified their holdings of DWDP. Augustine Asset Management Inc. purchased a new stake in DowDuPont in the 3rd quarter valued at $1,518,000. BB&T Corp purchased a new position in DowDuPont during the 3rd quarter worth $11,690,000. Bartlett & Co. LLC purchased a new position in DowDuPont during the 3rd quarter worth $2,000,000. Weybosset Research & Management LLC purchased a new position in DowDuPont during the 3rd quarter worth $608,000. Finally, Altfest L J & Co. Inc. purchased a new position in DowDuPont during the 3rd quarter worth $470,000.
A number of equities analysts have commented on DWDP shares. Susquehanna Bancshares Inc started coverage on shares of DowDuPont in a research report on Tuesday, September 5th. They set a “positive” rating and a $80.00 price objective for the company. UBS AG began coverage on shares of DowDuPont in a research report on Friday, September 1st. They set a “buy” rating for the company. Citigroup Inc. increased their price target on shares of DowDuPont from $75.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Zacks Investment Research downgraded shares of DowDuPont from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 27th. Finally, Morgan Stanley increased their price target on shares of DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $79.72.
Shares of DowDuPont Inc (NASDAQ DWDP) traded down $0.26 during mid-day trading on Friday, hitting $69.97. 7,118,712 shares of the stock traded hands, compared to its average volume of 6,910,000. DowDuPont Inc has a 1-year low of $64.01 and a 1-year high of $73.85.
DowDuPont (NASDAQ:DWDP) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The company had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.17%.
In related news, General Counsel Charles J. Kalil sold 78,895 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total value of $5,601,545.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
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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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