HRT Financial LLC Buys New Position in DowDuPont Inc (DWDP)
HRT Financial LLC purchased a new position in shares of DowDuPont Inc (NYSE:DWDP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,805 shares of the company’s stock, valued at approximately $382,000.
Several other hedge funds have also recently added to or reduced their stakes in DWDP. Third Point LLC increased its holdings in shares of DowDuPont by 1.6% in the 2nd quarter. Third Point LLC now owns 14,300,000 shares of the company’s stock valued at $942,656,000 after purchasing an additional 225,000 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of DowDuPont by 4.4% in the 2nd quarter. Macquarie Group Ltd. now owns 10,591,777 shares of the company’s stock valued at $698,219,000 after purchasing an additional 450,504 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of DowDuPont by 2.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 8,872,180 shares of the company’s stock valued at $584,854,000 after purchasing an additional 233,310 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of DowDuPont by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,846,477 shares of the company’s stock valued at $583,184,000 after purchasing an additional 388,187 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of DowDuPont by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 8,630,470 shares of the company’s stock valued at $568,921,000 after purchasing an additional 84,168 shares in the last quarter. Institutional investors own 69.42% of the company’s stock.
DWDP has been the subject of several recent research reports. Barclays dropped their target price on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 6th. ValuEngine cut shares of DowDuPont from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Deutsche Bank reaffirmed a “buy” rating and set a $72.00 price target on shares of DowDuPont in a research note on Friday. UBS Group raised their price target on shares of DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Nomura cut shares of DowDuPont from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $81.00 to $76.00 in a research note on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $80.31.
Shares of DWDP traded up $0.68 during mid-day trading on Friday, hitting $59.66. The company had a trading volume of 10,152,339 shares, compared to its average volume of 8,590,880. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.70. DowDuPont Inc has a 1-year low of $58.81 and a 1-year high of $77.08. The stock has a market capitalization of $149.78 billion, a PE ratio of 17.55, a P/E/G ratio of 1.54 and a beta of 1.35.
DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The business had revenue of $24.25 billion for the quarter, compared to analysts’ expectations of $23.71 billion. DowDuPont’s quarterly revenue was up 75.3% compared to the same quarter last year. As a group, sell-side analysts expect that DowDuPont Inc will post 4.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.55%. DowDuPont’s dividend payout ratio (DPR) is 44.71%.
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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