Conning Inc. boosted its stake in shares of DowDuPont Inc (NYSE:DWDP) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,045 shares of the company’s stock after buying an additional 620 shares during the period. Conning Inc.’s holdings in DowDuPont were worth $2,401,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DWDP. Norges Bank purchased a new position in DowDuPont during the 4th quarter valued at about $1,073,626,000. Oregon Public Employees Retirement Fund grew its stake in DowDuPont by 5,163.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,415,618 shares of the company’s stock valued at $251,000 after acquiring an additional 13,160,717 shares in the last quarter. Geode Capital Management LLC grew its stake in DowDuPont by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 27,423,521 shares of the company’s stock valued at $1,463,987,000 after acquiring an additional 1,648,165 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in DowDuPont by 1,905.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,586,591 shares of the company’s stock valued at $84,851,000 after acquiring an additional 1,507,496 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in DowDuPont by 13.3% during the 4th quarter. Macquarie Group Ltd. now owns 12,226,539 shares of the company’s stock valued at $653,882,000 after acquiring an additional 1,438,375 shares in the last quarter. Hedge funds and other institutional investors own 67.74% of the company’s stock.
Shares of DWDP stock traded up $1.37 during trading hours on Friday, reaching $74.83. 3,624,733 shares of the company’s stock were exchanged, compared to its average volume of 15,635,282. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The firm has a market cap of $168.10 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. DowDuPont Inc has a fifty-two week low of $30.06 and a fifty-two week high of $48.34.
DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, May 2nd. The company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.42. The business had revenue of $19.65 billion during the quarter, compared to analyst estimates of $19.47 billion. DowDuPont had a return on equity of 9.05% and a net margin of 3.88%. DowDuPont’s revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.36 earnings per share. As a group, equities analysts predict that DowDuPont Inc will post 2.14 EPS for the current fiscal year.
DWDP has been the subject of several recent research reports. Royal Bank of Canada cut DowDuPont from a “top pick” rating to a “sector perform” rating and lowered their price target for the company from $183.00 to $120.00 in a research note on Tuesday, April 16th. ValuEngine cut DowDuPont from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 3rd. BMO Capital Markets lowered their price target on DowDuPont from $132.00 to $129.00 and set an “outperform” rating for the company in a research note on Friday, May 10th. Nomura reduced their target price on DowDuPont from $171.00 to $117.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Finally, SunTrust Banks reduced their target price on DowDuPont to $123.00 and set a “positive” rating for the company in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. DowDuPont currently has a consensus rating of “Hold” and an average target price of $165.45.
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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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