Ferguson Wellman Capital Management Inc. trimmed its position in DowDuPont Inc (NYSE:DWDP) by 5.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,981 shares of the company’s stock after selling 6,504 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in DowDuPont were worth $5,969,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Manchester Capital Management LLC boosted its stake in DowDuPont by 0.9% in the fourth quarter. Manchester Capital Management LLC now owns 21,747 shares of the company’s stock valued at $1,434,000 after acquiring an additional 191 shares during the period. Kovack Advisors Inc. boosted its stake in DowDuPont by 2.4% in the fourth quarter. Kovack Advisors Inc. now owns 8,372 shares of the company’s stock valued at $448,000 after acquiring an additional 193 shares during the period. Bogart Wealth LLC boosted its stake in DowDuPont by 46.5% in the fourth quarter. Bogart Wealth LLC now owns 630 shares of the company’s stock valued at $33,000 after acquiring an additional 200 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in DowDuPont by 3.8% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 5,464 shares of the company’s stock valued at $292,000 after acquiring an additional 200 shares during the period. Finally, Cottage Street Advisors LLC boosted its stake in DowDuPont by 0.4% in the fourth quarter. Cottage Street Advisors LLC now owns 56,473 shares of the company’s stock valued at $3,020,000 after acquiring an additional 201 shares during the period. Institutional investors and hedge funds own 67.78% of the company’s stock.
NYSE DWDP traded up $0.32 on Wednesday, hitting $31.09. 11,841,224 shares of the stock were exchanged, compared to its average volume of 15,937,723. DowDuPont Inc has a 52-week low of $30.06 and a 52-week high of $48.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.72. The stock has a market cap of $72.39 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 1.45 and a beta of 1.29.
DowDuPont’s stock is set to reverse split before the market opens on Saturday, June 1st. The 1-3 reverse split was announced on Thursday, May 16th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, May 31st.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.14. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. The firm had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.47 billion. During the same period in the previous year, the company posted $1.12 EPS. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. On average, research analysts forecast that DowDuPont Inc will post 2.14 EPS for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, April 26th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, May 2nd. DowDuPont’s payout ratio is 13.63%.
A number of equities analysts have commented on the company. Bank of America downgraded DowDuPont from a “buy” rating to a “neutral” rating and set a $44.00 target price for the company. in a research note on Tuesday, April 2nd. Morgan Stanley reduced their price objective on DowDuPont from $70.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, April 2nd. SunTrust Banks reduced their price objective on DowDuPont to $37.00 and set a “hold” rating for the company in a research report on Tuesday, May 7th. UBS Group assumed coverage on DowDuPont in a report on Wednesday, April 3rd. They set a “buy” rating and a $45.00 target price on the stock. Finally, ValuEngine raised DowDuPont from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $55.75.
DowDuPont Company Profile
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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