Teachers Retirement System of The State of Kentucky Has $21.69 Million Holdings in DowDuPont Inc (DWDP)
Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 9.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 337,267 shares of the company’s stock after selling 36,746 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in DowDuPont were worth $21,690,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Third Point LLC grew its holdings in DowDuPont by 1.6% in the second quarter. Third Point LLC now owns 14,300,000 shares of the company’s stock worth $942,656,000 after purchasing an additional 225,000 shares during the period. Macquarie Group Ltd. grew its holdings in DowDuPont by 4.4% in the second quarter. Macquarie Group Ltd. now owns 10,591,777 shares of the company’s stock worth $698,219,000 after purchasing an additional 450,504 shares during the period. Epoch Investment Partners Inc. grew its holdings in DowDuPont by 2.7% in the second quarter. Epoch Investment Partners Inc. now owns 8,872,180 shares of the company’s stock worth $584,854,000 after purchasing an additional 233,310 shares during the period. Dimensional Fund Advisors LP grew its holdings in DowDuPont by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,846,477 shares of the company’s stock worth $583,184,000 after purchasing an additional 388,187 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in DowDuPont by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 8,630,470 shares of the company’s stock worth $568,921,000 after purchasing an additional 84,168 shares during the period. Institutional investors and hedge funds own 68.61% of the company’s stock.
In other news, General Counsel Charles J. Kalil sold 100,645 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The firm had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. As a group, equities analysts predict that DowDuPont Inc will post 4.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, November 29th. DowDuPont’s payout ratio is 44.71%.
A number of equities research analysts have weighed in on DWDP shares. Barclays cut their price objective on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. ValuEngine cut shares of DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Citigroup cut their price objective on shares of DowDuPont to $67.00 and set a “buy” rating on the stock in a report on Monday, November 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut their price objective on shares of DowDuPont from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, November 2nd. Finally, Deutsche Bank restated a “buy” rating and issued a $72.00 price objective on shares of DowDuPont in a report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $78.47.
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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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