80,867 Shares in DowDuPont Inc (NYSE:DWDP) Acquired by Sigma Planning Corp
Sigma Planning Corp purchased a new stake in shares of DowDuPont Inc (NYSE:DWDP) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 80,867 shares of the company’s stock, valued at approximately $5,759,000.
A number of other large investors have also bought and sold shares of DWDP. Excalibur Management Corp acquired a new position in DowDuPont in the 3rd quarter worth about $303,000. Third Point LLC acquired a new position in shares of DowDuPont during the 3rd quarter valued at about $1,041,116,000. Synovus Financial Corp acquired a new position in shares of DowDuPont during the 3rd quarter valued at about $9,887,000. River Wealth Advisors LLC acquired a new position in shares of DowDuPont during the 3rd quarter valued at about $279,000. Finally, CNA Financial Corp acquired a new position in shares of DowDuPont during the 3rd quarter valued at about $3,569,000. 70.55% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on DWDP. Nomura increased their price objective on DowDuPont from $83.00 to $84.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Jefferies Group restated a “buy” rating and set a $85.00 target price on shares of DowDuPont in a research note on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating and set a $86.00 target price on shares of DowDuPont in a research note on Friday, December 8th. Barclays upgraded DowDuPont from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Zacks Investment Research downgraded DowDuPont from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $80.71.
DowDuPont Inc (NYSE:DWDP) traded down $1.58 during trading on Wednesday, hitting $68.99. The company had a trading volume of 8,393,876 shares, compared to its average volume of 9,430,000. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.26. The company has a market cap of $160,680.00 and a P/E ratio of 81.16. DowDuPont Inc has a 1-year low of $64.01 and a 1-year high of $77.08.
DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.16. The business had revenue of $20.07 billion during the quarter, compared to the consensus estimate of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The business’s revenue for the quarter was up 54.1% compared to the same quarter last year. sell-side analysts anticipate that DowDuPont Inc will post 4.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 2.20%. DowDuPont’s dividend payout ratio is 178.82%.
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DowDuPont Company Profile
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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