McKinley Carter Wealth Services Inc. Purchases New Stake in DowDuPont Inc (DWDP)
McKinley Carter Wealth Services Inc. purchased a new stake in DowDuPont Inc (NYSE:DWDP) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 3,990 shares of the company’s stock, valued at approximately $257,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cascade Investment Advisors Inc. increased its stake in DowDuPont by 85.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock valued at $118,000 after buying an additional 825 shares during the last quarter. Arlington Partners LLC increased its stake in DowDuPont by 334.8% in the 3rd quarter. Arlington Partners LLC now owns 1,948 shares of the company’s stock valued at $125,000 after buying an additional 1,500 shares during the last quarter. SG3 Management LLC purchased a new stake in DowDuPont in the 2nd quarter valued at about $132,000. D. Scott Neal Inc. purchased a new stake in DowDuPont in the 2nd quarter valued at about $152,000. Finally, JNBA Financial Advisors increased its stake in DowDuPont by 291.0% in the 3rd quarter. JNBA Financial Advisors now owns 2,420 shares of the company’s stock valued at $156,000 after buying an additional 1,801 shares during the last quarter. 69.52% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have commented on the stock. ValuEngine lowered shares of DowDuPont from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. BMO Capital Markets set a $79.00 price objective on shares of DowDuPont and gave the company a “buy” rating in a research note on Thursday, November 8th. Zacks Investment Research lowered shares of DowDuPont from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. UBS Group increased their price objective on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, TheStreet lowered shares of DowDuPont from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $78.47.
DWDP opened at $57.98 on Thursday. The company has a market capitalization of $134.38 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.39 and a beta of 1.48. DowDuPont Inc has a 12 month low of $51.32 and a 12 month high of $77.08. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 0.27.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company had revenue of $20.12 billion during the quarter, compared to the consensus estimate of $20.24 billion. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. DowDuPont’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. On average, equities analysts expect that DowDuPont Inc will post 4.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.62%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
ILLEGAL ACTIVITY WARNING: “McKinley Carter Wealth Services Inc. Purchases New Stake in DowDuPont Inc (DWDP)” was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://theolympiareport.com/2018/11/15/mckinley-carter-wealth-services-inc-purchases-new-stake-in-dowdupont-inc-dwdp.html.
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.
Want to see what other hedge funds are holding DWDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DowDuPont Inc (NYSE:DWDP).
Receive News & Ratings for DowDuPont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DowDuPont and related companies with MarketBeat.com's FREE daily email newsletter.