Gillespie Robinson & Grimm Inc. Takes Position in DowDuPont Inc (DWDP)
Gillespie Robinson & Grimm Inc. bought a new stake in shares of DowDuPont Inc (NASDAQ:DWDP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,785 shares of the company’s stock, valued at approximately $400,000.
Other large investors also recently made changes to their positions in the company. Private Asset Management Inc. purchased a new position in shares of DowDuPont during the third quarter valued at approximately $1,953,000. First Quadrant L P CA purchased a new position in shares of DowDuPont during the third quarter valued at approximately $159,000. Weatherly Asset Management L. P. purchased a new position in shares of DowDuPont during the third quarter valued at approximately $204,000. Osborne Partners Capital Management LLC purchased a new position in shares of DowDuPont during the third quarter valued at approximately $205,000. Finally, Clearwater Capital Partners LLC purchased a new position in shares of DowDuPont during the third quarter valued at approximately $219,000.
A number of analysts recently commented on DWDP shares. UBS AG lifted their price target on DowDuPont from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Morgan Stanley lifted their price target on DowDuPont from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded DowDuPont from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Credit Suisse Group reiterated an “outperform” rating and set a $79.00 price target (up from $73.00) on shares of DowDuPont in a report on Thursday, October 12th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $80.00 price target on shares of DowDuPont in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company. DowDuPont presently has an average rating of “Buy” and a consensus target price of $79.72.
DowDuPont Inc (DWDP) opened at $69.97 on Monday. 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 results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The company had revenue of $18.29 billion during the quarter, compared to analysts’ expectations of $18.24 billion. DowDuPont’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, November 14th.
In other news, General Counsel Charles J. Kalil sold 78,895 shares of DowDuPont stock in a transaction on 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 Securities & Exchange Commission, which is available through the SEC website.
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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