DowDuPont Inc (DWDP) Stake Lessened by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. decreased its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 1.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 848,087 shares of the company’s stock after selling 16,046 shares during the period. DowDuPont accounts for about 0.7% of Tocqueville Asset Management L.P.’s holdings, making the stock its 29th biggest holding. Tocqueville Asset Management L.P.’s holdings in DowDuPont were worth $54,540,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Arlington Partners LLC raised its stake in DowDuPont by 334.8% in the 3rd quarter. Arlington Partners LLC now owns 1,948 shares of the company’s stock valued at $125,000 after purchasing an additional 1,500 shares during the last quarter. SG3 Management LLC acquired a new position in DowDuPont in the 2nd quarter valued at $132,000. D. Scott Neal Inc. acquired a new position in DowDuPont in the 2nd quarter valued at $152,000. JNBA Financial Advisors raised its stake in DowDuPont by 291.0% in the 3rd quarter. JNBA Financial Advisors now owns 2,420 shares of the company’s stock valued at $156,000 after purchasing an additional 1,801 shares during the last quarter. Finally, Credit Agricole S A acquired a new position in DowDuPont in the 2nd quarter valued at $160,000. Hedge funds and other institutional investors own 69.89% of the company’s stock.
Several research firms recently commented on DWDP. ValuEngine raised DowDuPont from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Citigroup reduced their price objective on DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, September 21st. TheStreet downgraded DowDuPont from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st. Zacks Investment Research downgraded DowDuPont from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Finally, Nomura reduced their price objective on DowDuPont from $76.00 to $73.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. DowDuPont presently has a consensus rating of “Buy” and a consensus price target of $78.47.
DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. The business had revenue of $20.12 billion during the quarter, compared to the consensus estimate of $20.24 billion. During the same period last year, the company earned $0.55 EPS. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, sell-side analysts forecast that DowDuPont Inc will post 4.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
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DowDuPont Company Profile
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.
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