Legacy Capital Partners Inc. grew its position in shares of DowDuPont Inc (NYSE:DWDP) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,598 shares of the company’s stock after buying an additional 1,949 shares during the quarter. Legacy Capital Partners Inc.’s holdings in DowDuPont were worth $1,040,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of DWDP. JPMorgan Chase & Co. bought a new stake in shares of DowDuPont in the 3rd quarter worth approximately $2,095,726,000. Bank of New York Mellon Corp bought a new stake in shares of DowDuPont in the 3rd quarter worth approximately $1,920,750,000. Wells Fargo & Company MN purchased a new position in DowDuPont in the 3rd quarter valued at approximately $1,111,269,000. Third Point LLC purchased a new position in DowDuPont in the 3rd quarter valued at approximately $1,041,116,000. Finally, Dupont Capital Management Corp purchased a new position in DowDuPont in the 3rd quarter valued at approximately $884,806,000. 69.54% of the stock is currently owned by institutional investors.
In related news, insider Andrew N. Liveris sold 78,582 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $71.00, for a total value of $5,579,322.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew N. Liveris sold 9,664 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total transaction of $677,446.40. The disclosure for this sale can be found here. Insiders have sold a total of 305,371 shares of company stock valued at $21,918,009 over the last 90 days. Company insiders own 0.89% of the company’s stock.
A number of research analysts recently weighed in on DWDP shares. Credit Suisse Group lifted their price objective on shares of DowDuPont from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, January 30th. ValuEngine upgraded shares of DowDuPont from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. UBS Group lifted their price objective on shares of DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Barclays reduced their price objective on shares of DowDuPont from $80.00 to $79.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $80.71.
DowDuPont Inc (NYSE:DWDP) opened at $71.95 on Tuesday. The company has a market cap of $167,573.19, a price-to-earnings ratio of 45.83, a PEG ratio of 1.83 and a beta of 1.21. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. DowDuPont Inc has a 1 year low of $59.29 and a 1 year high of $77.08.
DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.16. The firm had revenue of $20.07 billion during the quarter, compared to analyst estimates of $19.46 billion. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. DowDuPont’s revenue for the quarter was up 54.1% compared to the same quarter last year. sell-side analysts anticipate that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.11%. DowDuPont’s dividend payout ratio (DPR) is currently 96.82%.
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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