DowDuPont Inc (DWDP) Position Increased by Osterweis Capital Management Inc.
Osterweis Capital Management Inc. lifted its stake in DowDuPont Inc (NYSE:DWDP) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 408,257 shares of the company’s stock after purchasing an additional 7,350 shares during the period. DowDuPont makes up 1.7% of Osterweis Capital Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Osterweis Capital Management Inc.’s holdings in DowDuPont were worth $26,912,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Saturna Capital CORP raised its position in DowDuPont by 1.1% during the second quarter. Saturna Capital CORP now owns 662,596 shares of the company’s stock worth $43,678,000 after acquiring an additional 7,470 shares during the last quarter. AGF Investments Inc. raised its position in DowDuPont by 12.0% during the second quarter. AGF Investments Inc. now owns 350,078 shares of the company’s stock worth $23,077,000 after acquiring an additional 37,610 shares during the last quarter. Elmwood Wealth Management Inc. acquired a new position in DowDuPont during the first quarter worth about $102,000. Cpwm LLC acquired a new position in DowDuPont during the second quarter worth about $259,000. Finally, First Command Bank raised its position in DowDuPont by 127.0% during the second quarter. First Command Bank now owns 11,827 shares of the company’s stock worth $779,000 after acquiring an additional 6,617 shares during the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.
In related news, CEO Edward D. Breen bought 29,580 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was purchased at an average cost of $67.61 per share, for a total transaction of $1,999,903.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Charles J. Kalil sold 100,645 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
NYSE:DWDP opened at $68.92 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $161.26 billion, a PE ratio of 20.27, a PEG ratio of 1.65 and a beta of 1.34. DowDuPont Inc has a 1-year low of $61.27 and a 1-year high of $77.08.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $24.25 billion during the quarter, compared to analyst estimates of $23.71 billion. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The business’s quarterly revenue was up 75.3% on a year-over-year basis. research analysts anticipate that DowDuPont Inc will post 4.2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, August 30th. DowDuPont’s dividend payout ratio is presently 44.71%.
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
Read More: Book Value Per Share – BVPS
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.