Macguire Cheswick & Tuttle Investment Counsel LLC acquired a new stake in shares of DowDuPont Inc (NASDAQ:DWDP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,187 shares of the company’s stock, valued at approximately $290,000.
Other institutional investors have also recently made changes to their positions in the company. Excalibur Management Corp purchased a new position in DowDuPont during the third quarter valued at $303,000. TCI Wealth Advisors Inc. purchased a new position in DowDuPont during the third quarter valued at $973,000. Gilman Hill Asset Management LLC purchased a new position in DowDuPont during the third quarter valued at $1,088,000. Barometer Capital Management Inc. purchased a new position in DowDuPont during the third quarter valued at $4,701,000. Finally, State Treasurer State of Michigan purchased a new position in DowDuPont during the third quarter valued at $49,017,000.
DowDuPont Inc (DWDP) opened at $70.46 on Tuesday. DowDuPont Inc has a 52-week low of $64.01 and a 52-week high of $73.85.
DowDuPont (NASDAQ:DWDP) last issued its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. The business had revenue of $18.29 billion during the quarter, compared to analysts’ expectations of $18.24 billion. During the same period last year, the firm posted $0.91 EPS. DowDuPont’s quarterly revenue was up 7.6% compared to the same quarter last year.
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 $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, November 14th.
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Several equities analysts have recently issued reports on DWDP shares. Macquarie started coverage on DowDuPont in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $76.00 price target for the company. Bank of America Corporation started coverage on DowDuPont in a research report on Monday, September 11th. They issued a “buy” rating and a $78.00 price target for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 price target on shares of DowDuPont in a research report on Sunday, October 8th. Credit Suisse Group lifted their price target on DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, Susquehanna Bancshares Inc started coverage on DowDuPont in a research report on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. DowDuPont currently has an average rating of “Buy” and an average price target of $79.72.
In other DowDuPont news, General Counsel Charles J. Kalil sold 78,895 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total value of $476,335.08. The disclosure for this sale can be found here.
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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