Edgemoor Investment Advisors Inc. purchased a new position in DowDuPont Inc (NYSE:DWDP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,587 shares of the company’s stock, valued at approximately $269,000.
Other hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC bought a new position in shares of DowDuPont during the 3rd quarter valued at approximately $101,000. Winfield Associates Inc. bought a new position in shares of DowDuPont during the 3rd quarter valued at approximately $103,000. Peddock Capital Advisors LLC bought a new position in shares of DowDuPont during the 3rd quarter valued at approximately $106,000. AllSquare Wealth Management LLC bought a new position in shares of DowDuPont during the 3rd quarter valued at approximately $108,000. Finally, NewSquare Capital LLC bought a new position in shares of DowDuPont during the 3rd quarter valued at approximately $109,000. Institutional investors and hedge funds own 68.94% of the company’s stock.
Shares of DowDuPont Inc (NYSE:DWDP) opened at $71.95 on Friday. The stock has a market capitalization of $167,573.19, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.83 and a beta of 1.21. DowDuPont Inc has a 52-week low of $64.01 and a 52-week high of $77.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.26.
DowDuPont (NYSE:DWDP) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.16. The company had revenue of $20.07 billion during the quarter, compared to the consensus estimate of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. DowDuPont’s quarterly revenue was up 54.1% on a year-over-year basis. analysts anticipate 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 Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.38 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 2.11%. DowDuPont’s payout ratio is 96.82%.
In other DowDuPont news, insider Andrew N. Liveris sold 9,664 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $677,446.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew N. Liveris sold 49,449 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $71.63, for a total value of $3,542,031.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 395,348 shares of company stock worth $28,358,199. Insiders own 0.89% of the company’s stock.
A number of research analysts have recently commented on DWDP shares. UBS Group increased their target price on DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Morgan Stanley increased their target price on DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Royal Bank of Canada reiterated a “buy” rating and set a $86.00 target price on shares of DowDuPont in a research report on Friday, December 8th. Zacks Investment Research upgraded DowDuPont from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, ValuEngine upgraded DowDuPont from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $80.71.
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DowDuPont Company Profile
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, traits and crop protection.
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