Duncker Streett & Co. Inc. raised its stake in DowDuPont Inc (NYSE:DWDP) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,145 shares of the company’s stock after purchasing an additional 3,200 shares during the period. Duncker Streett & Co. Inc.’s holdings in DowDuPont were worth $1,447,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in DWDP. PRW Wealth Management LLC bought a new position in DowDuPont in the 4th quarter valued at approximately $26,000. Capital Financial Planning LLC acquired a new stake in shares of DowDuPont during the 4th quarter worth approximately $36,000. Evolution Wealth Advisors LLC acquired a new stake in shares of DowDuPont during the 4th quarter worth approximately $38,000. Clarfeld Financial Advisors LLC acquired a new stake in shares of DowDuPont during the 4th quarter worth approximately $43,000. Finally, Pacific Center for Financial Services grew its position in shares of DowDuPont by 133.3% during the 4th quarter. Pacific Center for Financial Services now owns 952 shares of the company’s stock worth $51,000 after buying an additional 544 shares during the period. Hedge funds and other institutional investors own 67.74% of the company’s stock.
DWDP has been the subject of several research reports. Royal Bank of Canada reduced their price target on shares of DowDuPont to $192.00 and set a “top pick” rating for the company in a research report on Tuesday, March 19th. Goldman Sachs Group started coverage on DowDuPont in a research note on Friday, March 29th. They set a “neutral” rating and a $126.00 price objective on the stock. Jefferies Financial Group dropped their price objective on DowDuPont from $198.00 to $186.00 and set a “buy” rating on the stock in a research note on Friday, March 29th. BMO Capital Markets lowered their target price on DowDuPont from $201.00 to $138.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 2nd. Finally, Citigroup cut DowDuPont from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $180.00 to $120.00 in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. DowDuPont currently has a consensus rating of “Hold” and an average price target of $165.45.
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, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.42. The business had revenue of $19.65 billion during the quarter, compared to analyst estimates of $19.47 billion. DowDuPont had a return on equity of 9.05% and a net margin of 3.88%. DowDuPont’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.36 earnings per share. Equities research analysts expect that DowDuPont Inc will post 2.14 EPS for the current year.
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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