Mackenzie Financial Corp acquired a new position in DowDuPont Inc (NYSE:DWDP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,657,194 shares of the company’s stock, valued at approximately $118,025,000.
Other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its stake in DowDuPont by 6.2% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,695 shares of the company’s stock worth $833,000 after purchasing an additional 681 shares in the last quarter. Outfitter Advisors LTD. lifted its stake in DowDuPont by 0.8% during the fourth quarter. Outfitter Advisors LTD. now owns 89,945 shares of the company’s stock worth $6,406,000 after purchasing an additional 706 shares in the last quarter. Parsons Capital Management Inc. RI lifted its stake in DowDuPont by 1.2% during the fourth quarter. Parsons Capital Management Inc. RI now owns 62,260 shares of the company’s stock worth $4,434,000 after purchasing an additional 719 shares in the last quarter. Buckingham Asset Management LLC lifted its stake in DowDuPont by 3.7% during the fourth quarter. Buckingham Asset Management LLC now owns 20,036 shares of the company’s stock worth $1,427,000 after purchasing an additional 719 shares in the last quarter. Finally, Hemenway Trust Co LLC lifted its stake in DowDuPont by 15.9% during the fourth quarter. Hemenway Trust Co LLC now owns 5,615 shares of the company’s stock worth $400,000 after purchasing an additional 769 shares in the last quarter. Institutional investors own 70.55% of the company’s stock.
In other DowDuPont news, General Counsel Charles J. Kalil sold 69,400 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.66, for a total value of $5,042,604.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew N. Liveris sold 9,664 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $70.10, for a total value of $677,446.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,646 shares of company stock worth $11,299,372. 0.89% of the stock is owned by insiders.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.16. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The company had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.46 billion. The firm’s quarterly revenue was up 54.1% on a year-over-year basis. equities research analysts predict that DowDuPont Inc will post 4.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Tuesday, February 27th. DowDuPont’s dividend payout ratio is presently 96.82%.
A number of research analysts have commented on DWDP shares. ValuEngine upgraded DowDuPont from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Royal Bank of Canada reiterated a “buy” rating and issued a $86.00 price objective on shares of DowDuPont in a research note on Friday, December 8th. Zacks Investment Research upgraded DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, January 30th. Goldman Sachs Group started coverage on DowDuPont in a research note on Monday, December 4th. They issued a “buy” rating on the stock. Finally, Stephens started coverage on DowDuPont in a research note on Monday, December 4th. They issued an “overweight” rating and a $83.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. DowDuPont presently has a consensus rating of “Buy” and an average target price of $80.71.
ILLEGAL ACTIVITY NOTICE: “Mackenzie Financial Corp Acquires Shares of 1,657,194 DowDuPont Inc (DWDP)” was reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.themarketsdaily.com/2018/03/12/mackenzie-financial-corp-acquires-shares-of-1657194-dowdupont-inc-dwdp.html.
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, traits and crop protection.
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.