Enterprise Financial Services Corp Takes Position in DowDuPont Inc (DWDP)
Enterprise Financial Services Corp acquired a new position in shares of DowDuPont Inc (NASDAQ:DWDP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,612 shares of the company’s stock, valued at approximately $1,289,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. American Assets Investment Management LLC purchased a new position in DowDuPont during the 3rd quarter worth $7,353,000. Beck Mack & Oliver LLC purchased a new position in DowDuPont during the 3rd quarter worth $1,076,000. Bollard Group LLC purchased a new position in DowDuPont during the 3rd quarter worth $6,415,000. Garner Asset Management Corp purchased a new position in DowDuPont during the 3rd quarter worth $1,787,000. Finally, Bremer Trust National Association purchased a new position in DowDuPont during the 3rd quarter worth $1,400,000.
A number of equities analysts have issued reports on the stock. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $73.00 price objective on shares of DowDuPont in a report on Friday. UBS AG boosted their price target on shares of DowDuPont from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Credit Suisse Group boosted their price target on shares of DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of DowDuPont from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Morgan Stanley boosted their price target on shares of DowDuPont from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $79.72.
Shares of DowDuPont Inc (DWDP) opened at $69.97 on Friday. DowDuPont Inc has a 52 week low of $64.01 and a 52 week high of $73.85.
DowDuPont (NASDAQ:DWDP) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. The firm had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Tuesday, November 14th.
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In related 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 legal filing with the SEC, which is available through this link.
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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