DowDuPont Inc (DWDP) Shares Bought by InterOcean Capital LLC
InterOcean Capital LLC lifted its stake in DowDuPont Inc (NYSE:DWDP) by 20.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 270,331 shares of the company’s stock after purchasing an additional 45,466 shares during the quarter. DowDuPont accounts for 2.1% of InterOcean Capital LLC’s portfolio, making the stock its 16th largest position. InterOcean Capital LLC’s holdings in DowDuPont were worth $17,820,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Elmwood Wealth Management Inc. bought a new position in DowDuPont during the first quarter valued at approximately $102,000. Winthrop Partners WNY LLC bought a new position in DowDuPont during the first quarter valued at approximately $111,000. Institutional & Family Asset Management LLC bought a new position in DowDuPont during the first quarter valued at approximately $117,000. Cascade Investment Advisors Inc. raised its position in DowDuPont by 85.1% during the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock valued at $118,000 after acquiring an additional 825 shares in the last quarter. Finally, SG3 Management LLC bought a new position in DowDuPont during the second quarter valued at approximately $132,000. 69.49% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on DWDP. ValuEngine lowered shares of DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. UBS Group raised their price objective on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. MED reaffirmed a “buy” rating and set a $90.00 price objective on shares of DowDuPont in a research report on Tuesday, June 5th. Finally, Barclays lowered their price target on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $81.65.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The company had revenue of $24.25 billion for the quarter, compared to the consensus estimate of $23.71 billion. The business’s revenue for the quarter was up 75.3% on a year-over-year basis. sell-side analysts anticipate that DowDuPont Inc will post 4.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.52 annualized dividend and a yield of 2.22%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
In related news, CEO Edward D. Breen acquired 29,580 shares of the stock in a transaction dated Wednesday, August 8th. The shares were acquired at an average price of $67.61 per share, for a total transaction of $1,999,903.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Charles J. Kalil sold 100,645 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $70.75, for a total transaction of $7,120,633.75. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.
DowDuPont Company Profile
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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