Estabrook Capital Management cut its stake in shares of DowDuPont Inc (NYSE:DWDP) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 445,278 shares of the company’s stock after selling 10,838 shares during the period. DowDuPont makes up 4.8% of Estabrook Capital Management’s holdings, making the stock its 3rd biggest holding. Estabrook Capital Management’s holdings in DowDuPont were worth $31,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Nationwide Fund Advisors purchased a new position in DowDuPont in the third quarter worth approximately $71,079,000. First Trust Advisors LP acquired a new position in shares of DowDuPont in the 3rd quarter valued at $10,214,000. First Quadrant L P CA acquired a new position in shares of DowDuPont in the 3rd quarter valued at $159,000. Broderick Brian C acquired a new position in shares of DowDuPont in the 3rd quarter valued at $1,757,000. Finally, IFC Holdings Incorporated FL acquired a new position in shares of DowDuPont in the 3rd quarter valued at $1,474,000. Institutional investors and hedge funds own 70.55% of the company’s stock.
In related news, General Counsel Charles J. Kalil sold 69,400 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.66, for a total value of $5,042,604.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Andrew N. Liveris sold 9,664 shares of the business’s stock in a transaction dated 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 94,064 shares of company stock worth $6,797,500 over the last 90 days. Insiders own 0.89% of the company’s stock.
Shares of DowDuPont Inc (NYSE:DWDP) traded down $1.54 during midday trading on Wednesday, hitting $69.03. 6,039,396 shares of the company’s stock traded hands, compared to its average volume of 8,536,306. The stock has a market cap of $161,080.00 and a price-to-earnings ratio of 81.21. DowDuPont Inc has a 52 week low of $59.29 and a 52 week high of $77.08. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.29.
DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.67 by $0.16. The company had revenue of $20.07 billion for 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%. The firm’s revenue was up 54.1% compared to the same quarter last year. equities research analysts forecast that DowDuPont Inc will post 4.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 2.20%. DowDuPont’s payout ratio is currently 178.82%.
A number of equities analysts have recently commented on the stock. Zacks Investment Research cut shares of DowDuPont from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $85.00 target price on shares of DowDuPont in a report on Friday, February 2nd. ValuEngine raised shares of DowDuPont from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Barclays cut their target price on shares of DowDuPont from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Finally, Nomura boosted their price objective on shares of DowDuPont from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus 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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