Franklin Resources Inc. reduced its position in shares of DowDuPont Inc (NYSE:DWDP) by 15.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,768,558 shares of the company’s stock after selling 3,554,461 shares during the period. DowDuPont makes up approximately 0.7% of Franklin Resources Inc.’s portfolio, making the stock its 21st largest position. Franklin Resources Inc. owned about 0.84% of DowDuPont worth $1,407,917,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Gravity Companies Inc. purchased a new position in DowDuPont during the fourth quarter worth about $106,000. Tradewinds Capital Management LLC purchased a new position in DowDuPont during the third quarter worth about $101,000. Winfield Associates Inc. purchased a new position in DowDuPont in the third quarter valued at about $103,000. Peddock Capital Advisors LLC purchased a new position in DowDuPont in the third quarter valued at about $106,000. Finally, AllSquare Wealth Management LLC purchased a new position in DowDuPont in the third quarter valued at about $108,000. 70.41% of the stock is owned by hedge funds and other institutional investors.

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In other news, insider Ronald C. Edmonds sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $71.83, for a total transaction of $1,077,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Charles J. Kalil sold 69,400 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.66, for a total transaction of $5,042,604.00. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

A number of research analysts have issued reports on DWDP shares. Morgan Stanley set a $80.00 target price on shares of DowDuPont and gave the company a “buy” rating in a report on Wednesday. ValuEngine raised shares of DowDuPont from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 target price on shares of DowDuPont in a report on Friday, December 8th. Zacks Investment Research raised shares of DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Tuesday, January 30th. Finally, Goldman Sachs started coverage on shares of DowDuPont in a report on Monday, December 4th. They issued a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. DowDuPont has a consensus rating of “Buy” and a consensus price target of $80.71.

DowDuPont Inc (DWDP) opened at $65.62 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. DowDuPont Inc has a 12 month low of $59.29 and a 12 month high of $77.08. The firm has a market cap of $157,046.02, a P/E ratio of 19.27, a PEG ratio of 1.72 and a beta of 1.24.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.32%. DowDuPont’s dividend payout ratio (DPR) is 96.82%.

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DowDuPont Company Profile

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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