HL Financial Services LLC Grows Position in DowDuPont Inc (DWDP)

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HL Financial Services LLC lifted its position in shares of DowDuPont Inc (NYSE:DWDP) by 51.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,688 shares of the company’s stock after purchasing an additional 53,147 shares during the quarter. HL Financial Services LLC’s holdings in DowDuPont were worth $10,263,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. boosted its holdings in DowDuPont by 23.1% in the first quarter. Epoch Investment Partners Inc. now owns 8,638,870 shares of the company’s stock worth $550,383,000 after acquiring an additional 1,621,876 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in DowDuPont by 38.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,458,290 shares of the company’s stock worth $538,878,000 after acquiring an additional 2,344,766 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in DowDuPont by 5.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,432,198 shares of the company’s stock worth $489,930,000 after acquiring an additional 394,545 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of DowDuPont by 3.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,369,228 shares of the company’s stock worth $419,860,000 after purchasing an additional 198,171 shares during the last quarter. Finally, Temasek Holdings Private Ltd raised its stake in shares of DowDuPont by 6.9% in the first quarter. Temasek Holdings Private Ltd now owns 6,009,749 shares of the company’s stock worth $382,881,000 after purchasing an additional 389,659 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Several research firms have recently weighed in on DWDP. MED restated a “buy” rating and issued a $90.00 price target on shares of DowDuPont in a research note on Thursday, May 17th. Citigroup decreased their price target on DowDuPont from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, May 4th. UBS Group boosted their price target on DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Deutsche Bank decreased their price target on DowDuPont from $84.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, May 4th. Finally, Credit Suisse Group decreased their price target on DowDuPont from $82.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, May 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $81.09.

DowDuPont stock opened at $68.48 on Tuesday. The firm has a market cap of $157.88 billion, a P/E ratio of 20.14, a PEG ratio of 1.62 and a beta of 1.26. 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 one year low of $61.27 and a one year high of $77.08.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $24.25 billion during the quarter, compared to analysts’ expectations of $23.71 billion. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The business’s revenue for the quarter was up 75.3% on a year-over-year basis. research analysts anticipate that DowDuPont Inc will post 4.2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, August 30th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

In related news, insider Andrew N. Liveris sold 100,000 shares of the company’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $69.57, for a total transaction of $6,957,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew N. Liveris sold 268,406 shares of the company’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $68.94, for a total value of $18,503,909.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 388,247 shares of company stock valued at $26,818,034. 0.42% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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