Lantz Financial LLC Purchases Shares of 27,403 DowDuPont Inc (NYSE:DWDP)

Lantz Financial LLC bought a new stake in DowDuPont Inc (NYSE:DWDP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,403 shares of the company’s stock, valued at approximately $1,461,000. DowDuPont makes up 1.1% of Lantz Financial LLC’s portfolio, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in DowDuPont in the 4th quarter valued at $1,073,626,000. Oregon Public Employees Retirement Fund grew its stake in DowDuPont by 5,163.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,415,618 shares of the company’s stock worth $251,000 after purchasing an additional 13,160,717 shares during the period. Geode Capital Management LLC grew its stake in DowDuPont by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 27,423,521 shares of the company’s stock worth $1,463,987,000 after purchasing an additional 1,648,165 shares during the period. Assenagon Asset Management S.A. grew its stake in DowDuPont by 1,905.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,586,591 shares of the company’s stock worth $84,851,000 after purchasing an additional 1,507,496 shares during the period. Finally, Macquarie Group Ltd. grew its stake in DowDuPont by 13.3% during the fourth quarter. Macquarie Group Ltd. now owns 12,226,539 shares of the company’s stock worth $653,882,000 after purchasing an additional 1,438,375 shares during the period. Hedge funds and other institutional investors own 67.74% of the company’s stock.

DWDP has been the subject of a number of research reports. BMO Capital Markets raised their price objective on DowDuPont from $198.00 to $201.00 and gave the company an “outperform” rating in a research note on Tuesday, February 26th. Royal Bank of Canada dropped their price target on DowDuPont to $192.00 and set a “top pick” rating on the stock in a report on Tuesday, March 19th. Goldman Sachs Group assumed coverage on DowDuPont in a research report on Friday, March 29th. They issued a “neutral” rating and a $126.00 target price for the company. Jefferies Financial Group reduced their price target on DowDuPont from $198.00 to $186.00 and set a “buy” rating for the company in a research report on Friday, March 29th. Finally, Citigroup cut DowDuPont from a “buy” rating to a “neutral” rating and reduced their price target for the company from $180.00 to $120.00 in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. DowDuPont has an average rating of “Hold” and a consensus target price of $165.45.

NYSE DWDP traded up $1.37 during trading on Friday, hitting $74.83. The stock had a trading volume of 3,624,733 shares, compared to its average volume of 15,635,282. The company has a market cap of $168.10 billion, a P/E ratio of 18.21, a PEG ratio of 1.43 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.14. DowDuPont Inc has a one year low of $30.06 and a one year high of $48.34.

DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, May 2nd. The company reported $2.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.42. The business had revenue of $19.65 billion for the quarter, compared to analyst estimates of $19.47 billion. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.36 earnings per share. As a group, equities research analysts expect that DowDuPont Inc will post 2.14 EPS for the current year.

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DowDuPont Company Profile

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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