DowDuPont Inc (NYSE:DWDP) insider Ronald C. Edmonds sold 15,000 shares of DowDuPont stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $71.83, for a total value of $1,077,450.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of DowDuPont Inc (DWDP) opened at $70.57 on Wednesday. DowDuPont Inc has a 12 month low of $59.29 and a 12 month high of $77.08. The stock has a market cap of $166,152.48, a price-to-earnings ratio of 44.95, a PEG ratio of 1.81 and a beta of 1.24. 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 (NYSE:DWDP) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.16. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The company had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.46 billion. The firm’s quarterly revenue was up 54.1% compared to the same quarter last year. sell-side analysts predict that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 2.15%. DowDuPont’s dividend payout ratio is presently 96.82%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Gravity Companies Inc. purchased a new stake in shares of DowDuPont during the 4th quarter valued at $106,000. Certified Advisory Corp purchased a new stake in DowDuPont during the 4th quarter worth $101,000. Tradewinds Capital Management LLC purchased a new stake in DowDuPont during the 3rd quarter worth $101,000. Winfield Associates Inc. purchased a new stake in DowDuPont during the 3rd quarter worth $103,000. Finally, Peddock Capital Advisors LLC purchased a new stake in DowDuPont during the 3rd quarter worth $106,000. 70.55% of the stock is owned by institutional investors.
Several brokerages recently issued reports on DWDP. ValuEngine upgraded DowDuPont from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Barclays cut their price objective on DowDuPont from $80.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Stephens initiated coverage on DowDuPont in a report on Monday, December 4th. They issued an “overweight” rating and a $83.00 price target for the company. Zacks Investment Research downgraded DowDuPont from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Jefferies Group reiterated a “buy” rating and issued a $85.00 price target on shares of DowDuPont in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. DowDuPont presently has an average rating of “Buy” and an average target price of $80.71.
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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