Beck Mack & Oliver LLC Purchases Shares of 15,542 DowDuPont Inc (DWDP)
Beck Mack & Oliver LLC purchased a new stake in DowDuPont Inc (NASDAQ:DWDP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,542 shares of the company’s stock, valued at approximately $1,076,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Private Asset Management Inc. acquired a new position in DowDuPont in the third quarter valued at about $1,953,000. First Quadrant L P CA acquired a new position in DowDuPont in the third quarter valued at about $159,000. Osborne Partners Capital Management LLC acquired a new position in DowDuPont in the third quarter valued at about $205,000. Clearwater Capital Partners LLC acquired a new position in DowDuPont in the third quarter valued at about $219,000. Finally, Summit X LLC acquired a new position in DowDuPont in the third quarter valued at about $208,000.
In related news, General Counsel Charles J. Kalil sold 78,895 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total transaction of $5,601,545.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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Shares of DowDuPont Inc (NASDAQ:DWDP) opened at $69.97 on Friday. DowDuPont Inc has a 12 month low of $64.01 and a 12 month high of $73.85.
DowDuPont (NASDAQ:DWDP) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. The business had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.24 billion. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Tuesday, November 14th.
A number of brokerages have weighed in on DWDP. Macquarie began coverage on shares of DowDuPont in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $76.00 target price for the company. Bank of America Corporation began coverage on shares of DowDuPont in a research note on Monday, September 11th. They issued a “buy” rating and a $78.00 target price for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of DowDuPont in a research note on Sunday, October 8th. Credit Suisse Group boosted their target price on shares of DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, Susquehanna Bancshares Inc began coverage on shares of DowDuPont in a research note on Tuesday, September 5th. They issued a “positive” rating and a $80.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $79.72.
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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