SunTrust Banks, Inc. restated their hold rating on shares of DowDuPont Inc (NASDAQ:DWDP) in a research note issued to investors on Friday morning. SunTrust Banks, Inc. currently has a $73.00 target price on the stock. SunTrust Banks also issued estimates for DowDuPont’s Q4 2017 earnings at $0.68 EPS, FY2017 earnings at $3.25 EPS, FY2018 earnings at $3.82 EPS and FY2019 earnings at $4.44 EPS.
Several other research firms have also issued reports on DWDP. UBS AG raised their target price on shares of DowDuPont from $75.00 to $82.00 and gave the stock a buy rating in a report on Friday, October 27th. Morgan Stanley lifted their price objective on shares of DowDuPont from $77.00 to $80.00 and gave the company an overweight rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of DowDuPont from a strong sell rating to a hold rating in a report on Wednesday, November 1st. Credit Suisse Group reiterated an outperform rating and set a $79.00 price objective (up previously from $73.00) on shares of DowDuPont in a report on Thursday, October 12th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reiterated a buy rating and set a $80.00 price objective on shares of DowDuPont in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $79.72.
Shares of DowDuPont (NASDAQ:DWDP) opened at $69.97 on Friday. DowDuPont has a twelve month low of $64.01 and a twelve month high of $73.85.
DowDuPont (NASDAQ:DWDP) last released its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. DowDuPont’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Tuesday, November 14th.
In other DowDuPont news, General Counsel Charles J. Kalil sold 78,895 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total transaction of $5,601,545.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in DowDuPont during the 3rd quarter valued at about $2,095,726,000. Bank of New York Mellon Corp purchased a new position in DowDuPont during the 3rd quarter valued at about $1,920,750,000. Wells Fargo & Company MN purchased a new position in DowDuPont during the 3rd quarter valued at about $1,111,269,000. Third Point LLC purchased a new position in DowDuPont during the 3rd quarter valued at about $1,041,116,000. Finally, Dupont Capital Management Corp purchased a new position in DowDuPont during the 3rd quarter valued at about $884,806,000.
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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