Garner Asset Management Corp purchased a new position in shares of DowDuPont Inc (NASDAQ:DWDP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,811 shares of the company’s stock, valued at approximately $1,787,000. DowDuPont makes up approximately 1.6% of Garner Asset Management Corp’s portfolio, making the stock its 12th biggest position.
Several other large investors have also recently made changes to their positions in DWDP. First Quadrant L P CA purchased a new stake in DowDuPont in the 3rd quarter valued at approximately $159,000. Osborne Partners Capital Management LLC purchased a new stake in DowDuPont in the 3rd quarter valued at approximately $205,000. Summit X LLC purchased a new stake in DowDuPont in the 3rd quarter valued at approximately $208,000. Westwood Management Corp IL purchased a new stake in DowDuPont in the 3rd quarter valued at approximately $213,000. Finally, Clearwater Capital Partners LLC purchased a new stake in DowDuPont in the 3rd quarter valued at approximately $219,000.
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In other DowDuPont news, General Counsel Charles J. Kalil sold 78,895 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total value of $5,601,545.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
DowDuPont Inc (NASDAQ:DWDP) opened at $69.97 on Friday. DowDuPont Inc has a twelve month low of $64.01 and a twelve month high of $73.85.
DowDuPont (NASDAQ:DWDP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The business had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.17%.
A number of research firms recently issued reports on DWDP. Zacks Investment Research raised DowDuPont from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Nomura upped their target price on DowDuPont from $77.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Citigroup Inc. upped their target price on DowDuPont from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. HSBC Holdings plc began coverage on DowDuPont in a research note on Tuesday, September 26th. They issued a “hold” rating on the stock. Finally, UBS AG upped their target price on DowDuPont from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $79.72.
DowDuPont Company Profile
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, and a pipeline of germplasm, traits and crop protection.
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