Howland Capital Management LLC Reduces Position in DowDuPont Inc (NYSE:DWDP)

Howland Capital Management LLC decreased its position in DowDuPont Inc (NYSE:DWDP) by 4.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 99,805 shares of the company’s stock after selling 5,189 shares during the period. Howland Capital Management LLC’s holdings in DowDuPont were worth $5,321,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DWDP. Norges Bank bought a new stake in shares of DowDuPont during the 4th quarter worth approximately $1,073,626,000. Oregon Public Employees Retirement Fund grew its holdings in DowDuPont by 5,163.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,415,618 shares of the company’s stock valued at $251,000 after buying an additional 13,160,717 shares in the last quarter. Geode Capital Management LLC grew its holdings in DowDuPont by 6.4% in 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 buying an additional 1,648,165 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of 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 during the period. Finally, Macquarie Group Ltd. raised its position in DowDuPont by 13.3% in the fourth quarter. Macquarie Group Ltd. now owns 12,226,539 shares of the company’s stock valued at $653,882,000 after purchasing an additional 1,438,375 shares during the last quarter. Hedge funds and other institutional investors own 67.74% of the company’s stock.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price target on DowDuPont from $198.00 to $201.00 and gave the company an “outperform” rating in a research note on Tuesday, February 26th. Barclays decreased their price target on DowDuPont from $174.00 to $111.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 7th. Morgan Stanley decreased their price target on DowDuPont from $210.00 to $129.00 and set an “overweight” rating for the company in a research note on Tuesday, April 2nd. Royal Bank of Canada cut DowDuPont from a “top pick” rating to a “sector perform” rating and decreased their target price for the stock from $183.00 to $120.00 in a research note on Tuesday, April 16th. Finally, Bank of America reaffirmed a “neutral” rating and set a $120.00 target price (down previously from $132.00) on shares of DowDuPont in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $165.45.

DWDP traded up $1.37 during midday trading on Friday, reaching $74.83. 3,624,733 shares of the company’s stock traded hands, compared to its average volume of 15,635,282. 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 current ratio of 1.72 and a quick ratio of 1.14. The firm has a market capitalization of $168.10 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.43 and a beta of 1.41.

DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, May 2nd. The company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.42. DowDuPont had a return on equity of 9.05% and a net margin of 3.88%. The business had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.47 billion. During the same period in the prior year, the firm posted $3.36 EPS. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. As a group, sell-side analysts expect that DowDuPont Inc will post 2.14 EPS for the current fiscal year.

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DowDuPont 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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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