Dana Investment Advisors Inc. Has $1.83 Million Stake in DowDuPont Inc (DWDP)
Dana Investment Advisors Inc. cut its position in DowDuPont Inc (NYSE:DWDP) by 9.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,680 shares of the company’s stock after selling 2,818 shares during the quarter. Dana Investment Advisors Inc.’s holdings in DowDuPont were worth $1,825,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Trust Co. of Vermont raised its position in shares of DowDuPont by 1.7% in the 1st quarter. Trust Co. of Vermont now owns 45,723 shares of the company’s stock valued at $2,913,000 after buying an additional 778 shares in the last quarter. Bristlecone Advisors LLC raised its position in shares of DowDuPont by 10.8% in the 2nd quarter. Bristlecone Advisors LLC now owns 8,231 shares of the company’s stock valued at $543,000 after buying an additional 801 shares in the last quarter. Peachtree Investment Advisors Inc. raised its position in shares of DowDuPont by 2.8% in the 2nd quarter. Peachtree Investment Advisors Inc. now owns 30,043 shares of the company’s stock valued at $1,980,000 after buying an additional 805 shares in the last quarter. Pettyjohn Wood & White Inc. raised its position in shares of DowDuPont by 13.2% in the 1st quarter. Pettyjohn Wood & White Inc. now owns 6,966 shares of the company’s stock valued at $444,000 after buying an additional 813 shares in the last quarter. Finally, TRUE Private Wealth Advisors grew its holdings in shares of DowDuPont by 11.4% during the 2nd quarter. TRUE Private Wealth Advisors now owns 8,002 shares of the company’s stock valued at $527,000 after purchasing an additional 822 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.
In other DowDuPont news, insider Andrew N. Liveris sold 268,406 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $68.94, for a total transaction of $18,503,909.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward D. Breen bought 29,580 shares of DowDuPont stock in a transaction on Wednesday, August 8th. The shares were acquired at an average cost of $67.61 per share, for a total transaction of $1,999,903.80. The disclosure for this purchase can be found here. Insiders have sold a total of 518,095 shares of company stock worth $35,702,234 over the last three months. Insiders own 0.42% of the company’s stock.
DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $24.25 billion for the quarter, compared to analyst estimates of $23.71 billion. The firm’s revenue was up 75.3% compared to the same quarter last year. equities research analysts forecast that DowDuPont Inc will post 4.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, August 30th. DowDuPont’s payout ratio is 44.71%.
DWDP has been the topic of several research reports. Barclays decreased their price target on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday. ValuEngine lowered shares of DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Credit Suisse Group decreased their price target on shares of DowDuPont from $82.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday, May 4th. Deutsche Bank decreased their price target on shares of DowDuPont from $84.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, May 4th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $85.00 price target on shares of DowDuPont in a report on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the stock. DowDuPont currently has a consensus rating of “Buy” and an average target price of $81.09.
DowDuPont Company Profile
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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