Ruffer LLP raised its stake in DowDuPont Inc (NYSE:DWDP) by 36.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,034,136 shares of the company’s stock after purchasing an additional 1,331,837 shares during the quarter. DowDuPont comprises approximately 8.4% of Ruffer LLP’s holdings, making the stock its 2nd biggest holding. Ruffer LLP’s holdings in DowDuPont were worth $269,179,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Intersect Capital LLC raised its stake in shares of DowDuPont by 17.9% in the 4th quarter. Intersect Capital LLC now owns 29,564 shares of the company’s stock valued at $1,581,000 after acquiring an additional 4,482 shares during the period. Peachtree Investment Advisors Inc. raised its stake in shares of DowDuPont by 11.2% in the 4th quarter. Peachtree Investment Advisors Inc. now owns 33,604 shares of the company’s stock valued at $1,797,000 after acquiring an additional 3,381 shares during the period. Pineno Levin & Ford Asset Management Inc. raised its stake in shares of DowDuPont by 48.5% in the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 79,522 shares of the company’s stock valued at $4,253,000 after acquiring an additional 25,960 shares during the period. Rockland Trust Co. raised its stake in shares of DowDuPont by 22.3% in the 4th quarter. Rockland Trust Co. now owns 9,380 shares of the company’s stock valued at $502,000 after acquiring an additional 1,711 shares during the period. Finally, JGP Wealth Management LLC raised its stake in shares of DowDuPont by 3.2% in the 4th quarter. JGP Wealth Management LLC now owns 26,899 shares of the company’s stock valued at $1,439,000 after acquiring an additional 832 shares during the period. Institutional investors own 68.66% of the company’s stock.
A number of equities analysts have recently commented on DWDP shares. Bank of America set a $70.00 target price on shares of DowDuPont and gave the company a “buy” rating in a research note on Saturday, February 2nd. Argus cut their target price on shares of DowDuPont from $81.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, February 5th. DZ Bank downgraded shares of DowDuPont from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. SunTrust Banks cut their target price on shares of DowDuPont to $57.00 and set a “hold” rating on the stock in a research note on Monday, February 4th. Finally, Barclays reissued a “hold” rating and issued a $62.00 target price on shares of DowDuPont in a research note on Tuesday, January 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $72.28.
DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, January 31st. The company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.01). DowDuPont had a return on equity of 9.59% and a net margin of 4.47%. The firm had revenue of $20.10 billion for the quarter, compared to analysts’ expectations of $21.11 billion. On average, equities analysts expect that DowDuPont Inc will post 4.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.76%. The ex-dividend date is Wednesday, February 27th. DowDuPont’s dividend payout ratio (DPR) is 36.98%.
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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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