IPG Investment Advisors LLC Takes $242,000 Position in DowDuPont Inc (NYSE:DWDP)
IPG Investment Advisors LLC purchased a new position in DowDuPont Inc (NYSE:DWDP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,400 shares of the company’s stock, valued at approximately $242,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DWDP. Tradewinds Capital Management LLC purchased a new position in DowDuPont in the third quarter valued at about $101,000. Winfield Associates Inc. purchased a new stake in shares of DowDuPont during the third quarter worth about $103,000. Peddock Capital Advisors LLC purchased a new stake in shares of DowDuPont during the third quarter worth about $106,000. AllSquare Wealth Management LLC purchased a new stake in shares of DowDuPont during the third quarter worth about $108,000. Finally, NewSquare Capital LLC acquired a new position in DowDuPont in the third quarter worth about $109,000. Institutional investors and hedge funds own 70.55% of the company’s stock.
In related news, General Counsel Charles J. Kalil sold 69,400 shares of DowDuPont stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total transaction of $5,042,604.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andrew N. Liveris sold 9,664 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $70.10, for a total transaction of $677,446.40. The disclosure for this sale can be found here. Insiders sold a total of 94,064 shares of company stock valued at $6,797,500 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.
DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.16. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The company had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.46 billion. The business’s quarterly revenue was up 54.1% on a year-over-year basis. analysts expect that DowDuPont Inc will post 4.14 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, February 27th. DowDuPont’s dividend payout ratio (DPR) is 178.82%.
A number of equities analysts have commented on the company. Goldman Sachs Group began coverage on DowDuPont in a research note on Monday, December 4th. They issued a “buy” rating for the company. Stephens initiated coverage on DowDuPont in a report on Monday, December 4th. They set an “overweight” rating and a $83.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 price target on shares of DowDuPont in a report on Friday, December 8th. ValuEngine upgraded shares of DowDuPont from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research upgraded shares of DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $80.71.
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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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