Granite Investment Advisors LLC Invests $436,000 in DowDuPont Inc (DWDP)
Granite Investment Advisors LLC acquired a new stake in DowDuPont Inc (NASDAQ:DWDP) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,297 shares of the company’s stock, valued at approximately $436,000.
A number of other large investors have also recently made changes to their positions in DWDP. APG Asset Management N.V. bought a new stake in shares of DowDuPont during the third quarter worth $257,365,000. Korea Investment CORP bought a new stake in shares of DowDuPont in the third quarter worth $146,277,000. Strs Ohio bought a new stake in shares of DowDuPont in the third quarter worth $105,984,000. Meyer Handelman Co. bought a new stake in shares of DowDuPont in the third quarter worth $84,640,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of DowDuPont in the third quarter worth $83,643,000.
DowDuPont Inc (NASDAQ DWDP) opened at $71.16 on Monday. DowDuPont Inc has a fifty-two week low of $64.01 and a fifty-two week high of $73.85.
DowDuPont (NASDAQ:DWDP) last released its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. DowDuPont’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 EPS.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.14%.
Several analysts recently weighed in on DWDP shares. Macquarie started coverage on shares of DowDuPont in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $76.00 price objective on the stock. Bank of America Corporation started coverage on shares of DowDuPont in a research note on Monday, September 11th. They issued a “buy” rating and a $78.00 price objective on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price objective on shares of DowDuPont in a research note on Sunday, October 8th. Credit Suisse Group boosted their price objective on shares of DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Susquehanna Bancshares Inc started coverage on shares of DowDuPont in a research note on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $80.12.
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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, and a pipeline of germplasm, traits and crop protection.
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