Gofen & Glossberg LLC IL raised its stake in DowDuPont Inc (NYSE:DWDP) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 527,408 shares of the company’s stock after purchasing an additional 22,619 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in DowDuPont were worth $28,116,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Manchester Capital Management LLC grew 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 worth $1,434,000 after purchasing an additional 191 shares in the last quarter. Kovack Advisors Inc. grew its stake in DowDuPont by 2.4% in the fourth quarter. Kovack Advisors Inc. now owns 8,372 shares of the company’s stock worth $448,000 after purchasing an additional 193 shares in the last quarter. Bogart Wealth LLC grew its stake in DowDuPont by 46.5% in the fourth quarter. Bogart Wealth LLC now owns 630 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew 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 worth $292,000 after purchasing an additional 200 shares in the last quarter. Finally, Cottage Street Advisors LLC grew 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 worth $3,020,000 after purchasing an additional 201 shares in the last quarter. 67.78% of the stock is currently owned by institutional investors.
Shares of NYSE DWDP traded up $0.32 during trading on Wednesday, hitting $31.09. The company had a trading volume of 11,841,224 shares, compared to its average volume of 15,937,723. The stock has a market capitalization of $72.39 billion, a P/E ratio of 7.56, a P/E/G ratio of 1.45 and a beta of 1.29. 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.
DowDuPont shares are going to reverse split 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 market closes 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 earnings per share for the current 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 decreased their target price on DowDuPont from $70.00 to $43.00 and set an “overweight” rating for the company in a research note 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 began coverage on DowDuPont in a research report on Wednesday, April 3rd. They set a “buy” rating and a $45.00 price objective for the company. Finally, ValuEngine upgraded DowDuPont from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The company currently 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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