Schulhoff & Co. Inc. Acquires Shares of 37,914 DowDuPont Inc (DWDP)
Schulhoff & Co. Inc. acquired a new stake in DowDuPont Inc (NASDAQ:DWDP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 37,914 shares of the company’s stock, valued at approximately $2,624,000. DowDuPont comprises about 1.6% of Schulhoff & Co. Inc.’s holdings, making the stock its 18th biggest holding.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. APG Asset Management N.V. acquired a new stake in DowDuPont during the 3rd quarter valued at $257,365,000. Korea Investment CORP acquired a new stake in DowDuPont during the 3rd quarter valued at $146,277,000. Strs Ohio acquired a new stake in DowDuPont during the 3rd quarter valued at $105,984,000. Meyer Handelman Co. acquired a new stake in DowDuPont during the 3rd quarter valued at $84,640,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in DowDuPont during the 3rd quarter valued at $83,643,000.
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DWDP has been the subject of several research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $77.00 price target on shares of DowDuPont in a report on Wednesday, September 6th. Susquehanna Bancshares Inc initiated coverage on DowDuPont in a report on Tuesday, September 5th. They set a “positive” rating and a $80.00 price target for the company. Nomura raised their price target on DowDuPont from $77.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Edward Jones assumed coverage on DowDuPont in a report on Friday, September 1st. They set a “hold” rating for the company. Finally, J P Morgan Chase & Co assumed coverage on DowDuPont in a research report on Friday, September 15th. They set an “overweight” rating and a $80.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $79.76.
DowDuPont (NASDAQ:DWDP) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.16. The company had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of Infinity.
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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