HPM Partners LLC Has $3.96 Million Position in DowDuPont Inc (NYSE:DWDP)
HPM Partners LLC trimmed its position in DowDuPont Inc (NYSE:DWDP) by 12.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,044 shares of the company’s stock after selling 8,154 shares during the period. HPM Partners LLC’s holdings in DowDuPont were worth $3,958,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of DWDP. Cozad Asset Management Inc. acquired a new position in shares of DowDuPont during the 2nd quarter worth approximately $205,000. Salem Investment Counselors Inc. boosted its holdings in shares of DowDuPont by 48.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 13,082 shares of the company’s stock worth $862,000 after purchasing an additional 4,272 shares during the last quarter. Jafra Capital Management LP lifted its holdings in DowDuPont by 81.4% in the second quarter. Jafra Capital Management LP now owns 78,000 shares of the company’s stock valued at $5,142,000 after acquiring an additional 35,000 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in DowDuPont by 368.8% in the second quarter. Moneta Group Investment Advisors LLC now owns 118,908 shares of the company’s stock valued at $2,217,000 after acquiring an additional 93,546 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in DowDuPont by 74.1% in the second quarter. Millennium Management LLC now owns 733,075 shares of the company’s stock valued at $48,324,000 after acquiring an additional 311,906 shares during the last quarter. Institutional investors own 69.42% of the company’s stock.
Shares of DowDuPont stock traded up $0.68 during trading hours on Friday, reaching $59.66. 10,152,339 shares of the company were exchanged, compared to its average volume of 8,590,880. DowDuPont Inc has a 1 year low of $58.81 and a 1 year high of $77.08. The company has a current ratio of 1.70, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $149.78 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.54 and a beta of 1.35.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.55%. DowDuPont’s payout ratio is currently 44.71%.
In other news, CEO Edward D. Breen bought 29,580 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was purchased at an average price of $67.61 per share, for a total transaction of $1,999,903.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
A number of analysts have issued reports on the company. ValuEngine raised DowDuPont from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Citigroup cut their target price on DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. MED reissued a “buy” rating and issued a $90.00 target price on shares of DowDuPont in a research report on Thursday, August 2nd. BNP Paribas assumed coverage on DowDuPont in a research report on Tuesday, October 2nd. They issued a “neutral” rating and a $75.00 target price on the stock. Finally, Nomura lowered DowDuPont from a “buy” rating to a “neutral” rating and cut their target price for the company from $81.00 to $76.00 in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $80.31.
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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