Swiss National Bank lifted its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 0.4% during the fourth quarter, Holdings Channel reports. The fund owned 8,607,534 shares of the company’s stock after purchasing an additional 37,600 shares during the quarter. DowDuPont accounts for 0.7% of Swiss National Bank’s investment portfolio, making the stock its 24th largest holding. Swiss National Bank’s holdings in DowDuPont were worth $613,029,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in DWDP. Excalibur Management Corp bought a new stake in DowDuPont in the third quarter valued at about $303,000. Third Point LLC bought a new stake in DowDuPont in the third quarter valued at about $1,041,116,000. Synovus Financial Corp bought a new stake in DowDuPont in the third quarter valued at about $9,887,000. River Wealth Advisors LLC bought a new stake in DowDuPont in the third quarter valued at about $279,000. Finally, CNA Financial Corp bought a new stake in DowDuPont in the third quarter valued at about $3,569,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.
DowDuPont Inc (NYSE:DWDP) opened at $71.95 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $167,573.19, a P/E ratio of 20.56, a PEG ratio of 1.83 and a beta of 1.21. DowDuPont Inc has a 52-week low of $64.01 and a 52-week high of $77.08.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 2.11%. DowDuPont’s dividend payout ratio is presently 96.82%.
Several brokerages recently weighed in on DWDP. Barclays raised DowDuPont from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 31st. Zacks Investment Research raised DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, January 30th. UBS Group upped their target price on DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 27th. Morgan Stanley upped their target price on DowDuPont from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Finally, Stephens assumed coverage on DowDuPont in a report on Monday, December 4th. They set an “overweight” rating and a $83.00 target price for the company. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $80.71.
In other news, General Counsel Charles J. Kalil sold 40,528 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $71.51, for a total transaction of $2,898,157.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew N. Liveris sold 187,402 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $72.23, for a total value of $13,536,046.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 395,348 shares of company stock valued at $28,358,199. Insiders own 0.89% of the company’s stock.
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.
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