SNS Financial Group LLC Grows Position in DowDuPont Inc (DWDP)
SNS Financial Group LLC lifted its stake in shares of DowDuPont Inc (NYSE:DWDP) by 8.8% during the second quarter, HoldingsChannel.com reports. The fund owned 9,418 shares of the company’s stock after buying an additional 763 shares during the quarter. SNS Financial Group LLC’s holdings in DowDuPont were worth $620,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the stock. Third Point LLC increased its stake in DowDuPont by 1.6% during 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. Epoch Investment Partners Inc. increased its stake in DowDuPont by 2.7% during 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 grew its stake 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 worth $583,184,000 after acquiring an additional 388,187 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake 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 worth $568,921,000 after acquiring an additional 84,168 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of DowDuPont by 2.6% in the 2nd quarter. Swiss National Bank now owns 7,700,134 shares of the company’s stock worth $507,593,000 after acquiring an additional 192,600 shares in the last quarter. Institutional investors own 69.41% of the company’s stock.
DWDP has been the subject of several recent analyst reports. UBS Group upped their target price 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. MED reiterated a “buy” rating and issued a $90.00 target price on shares of DowDuPont in a research note on Tuesday, June 5th. Barclays reduced their target price on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 6th. Finally, ValuEngine lowered shares of DowDuPont from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $81.81.
DWDP opened at $68.82 on Tuesday. The stock has a market cap of $159.72 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.63 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.15. DowDuPont Inc has a fifty-two week low of $61.27 and a fifty-two week high of $77.08.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.08. The company had revenue of $24.25 billion during the quarter, compared to analyst estimates of $23.71 billion. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The business’s revenue was up 75.3% on a year-over-year basis. analysts predict that DowDuPont Inc will post 4.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.52 annualized dividend and a yield of 2.21%. DowDuPont’s payout ratio is currently 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.
See Also: Diversification
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