DowDuPont Inc (DWDP) Insider Jeanmarie F. Desmond Sells 6,708 Shares
DowDuPont Inc (NASDAQ:DWDP) insider Jeanmarie F. Desmond sold 6,708 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total transaction of $476,335.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
DowDuPont Inc (NASDAQ DWDP) traded up $0.49 during midday trading on Monday, hitting $70.46. 6,430,000 shares of the company traded hands, compared to its average volume of 6,950,000. DowDuPont Inc has a fifty-two week low of $64.01 and a fifty-two week high of $73.85.
DowDuPont (NASDAQ:DWDP) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.24 billion. DowDuPont’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Tuesday, November 14th.
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DWDP has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $77.00 target price on shares of DowDuPont in a research report on Wednesday, September 6th. Susquehanna Bancshares Inc initiated coverage on shares of DowDuPont in a research report on Tuesday, September 5th. They issued a “positive” rating and a $80.00 target price for the company. Nomura boosted their target price on shares of DowDuPont from $77.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Edward Jones initiated coverage on shares of DowDuPont in a research report on Friday, September 1st. They issued a “hold” rating for the company. Finally, J P Morgan Chase & Co initiated coverage on shares of DowDuPont in a research report on Friday, September 15th. They issued an “overweight” rating and a $80.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $79.72.
Large investors have recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC acquired a new position in DowDuPont during the 3rd quarter valued at $101,000. Winfield Associates Inc. acquired a new position in DowDuPont during the 3rd quarter valued at $103,000. AllSquare Wealth Management LLC acquired a new position in DowDuPont during the 3rd quarter valued at $108,000. NewSquare Capital LLC acquired a new position in DowDuPont during the 3rd quarter valued at $109,000. Finally, Ffcm LLC acquired a new position in DowDuPont during the 3rd quarter valued at $114,000.
DowDuPont Company Profile
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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