Reilly Financial Advisors LLC Lowers Holdings in DowDuPont Inc (DWDP)
Reilly Financial Advisors LLC lowered its position in shares of DowDuPont Inc (NYSE:DWDP) by 1.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 148,701 shares of the company’s stock after selling 1,780 shares during the quarter. Reilly Financial Advisors LLC’s holdings in DowDuPont were worth $7,927,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc increased its stake in shares of DowDuPont by 0.7% in the third quarter. Vanguard Group Inc now owns 179,394,835 shares of the company’s stock valued at $11,536,882,000 after buying an additional 1,236,916 shares during the period. Joel Isaacson & Co. LLC increased its stake in shares of DowDuPont by 368.7% in the fourth quarter. Joel Isaacson & Co. LLC now owns 23,647 shares of the company’s stock valued at $1,307,000 after buying an additional 18,602 shares during the period. Gradient Investments LLC increased its stake in shares of DowDuPont by 5.6% in the fourth quarter. Gradient Investments LLC now owns 172,380 shares of the company’s stock valued at $9,219,000 after buying an additional 9,208 shares during the period. Nachman Norwood & Parrott Inc acquired a new position in shares of DowDuPont in the fourth quarter valued at approximately $2,237,000. Finally, Delta Investment Management LLC acquired a new position in shares of DowDuPont in the fourth quarter valued at approximately $208,000. 67.84% of the stock is owned by institutional investors.
Several research firms have recently issued reports on DWDP. BMO Capital Markets upped their price objective on DowDuPont from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 26th. Royal Bank of Canada lowered their price objective on DowDuPont to $64.00 and set a “top pick” rating for the company in a research note on Tuesday, March 19th. Citigroup downgraded DowDuPont from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $60.00 to $40.00 in a research note on Tuesday, April 2nd. Cowen downgraded DowDuPont from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $78.00 to $59.00 in a research note on Wednesday, February 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $68.00 price objective (down previously from $79.00) on shares of DowDuPont in a research note on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.75.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.14. The firm had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.47 billion. DowDuPont had a return on equity of 9.05% and a net margin of 3.88%. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 EPS. As a group, sell-side analysts forecast that DowDuPont Inc will post 2.14 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 2nd. DowDuPont’s payout ratio is 13.63%.
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DowDuPont Company Profile
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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