MML Investors Services LLC Decreases Stake in DowDuPont Inc (DWDP)

MML Investors Services LLC reduced its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 1.1% in the 4th quarter, HoldingsChannel reports. The fund owned 70,042 shares of the company’s stock after selling 797 shares during the period. MML Investors Services LLC’s holdings in DowDuPont were worth $4,988,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tradewinds Capital Management LLC acquired a new stake in shares of DowDuPont in the 3rd quarter valued at approximately $101,000. Winfield Associates Inc. acquired a new stake in DowDuPont during the 3rd quarter valued at $103,000. Peddock Capital Advisors LLC acquired a new stake in DowDuPont during the 3rd quarter valued at $106,000. Financial Gravity Companies Inc. acquired a new stake in DowDuPont during the 4th quarter valued at $106,000. Finally, AllSquare Wealth Management LLC acquired a new stake in DowDuPont during the 3rd quarter valued at $108,000. 70.55% of the stock is owned by institutional investors.

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DowDuPont Inc (NYSE DWDP) opened at $67.96 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 firm has a market capitalization of $158,094.08, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24. DowDuPont Inc has a 12-month low of $59.29 and a 12-month high of $77.08.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.16. The firm had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The business’s revenue was up 54.1% compared to the same quarter last year. sell-side analysts forecast that DowDuPont Inc will post 4.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, February 27th. DowDuPont’s payout ratio is 96.82%.

In related news, insider Ronald C. Edmonds sold 15,000 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $71.83, for a total value of $1,077,450.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.

Several brokerages have issued reports on DWDP. Zacks Investment Research downgraded DowDuPont from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and set a $85.00 price target on shares of DowDuPont in a report on Friday, February 2nd. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Barclays cut their price target on DowDuPont from $80.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, Nomura raised their price target on DowDuPont from $83.00 to $84.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $80.71.

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About DowDuPont

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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