4,389 Shares in DowDuPont Inc (DWDP) Acquired by Ironwood Investment Counsel LLC
Ironwood Investment Counsel LLC purchased a new stake in shares of DowDuPont Inc (NASDAQ:DWDP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,389 shares of the company’s stock, valued at approximately $304,000.
Other large investors also recently added to or reduced their stakes in the company. Excalibur Management Corp purchased a new stake in DowDuPont during the 3rd quarter valued at $303,000. TCI Wealth Advisors Inc. purchased a new stake in DowDuPont during the 3rd quarter valued at $973,000. Gilman Hill Asset Management LLC purchased a new stake in DowDuPont during the 3rd quarter valued at $1,088,000. Barometer Capital Management Inc. bought a new position in DowDuPont in the 3rd quarter valued at $4,701,000. Finally, State Treasurer State of Michigan bought a new position in DowDuPont in the 3rd quarter valued at $49,017,000.
DWDP has been the topic of several research analyst reports. Macquarie initiated coverage on DowDuPont in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $76.00 price objective on the stock. Bank of America Corporation assumed coverage on DowDuPont in a research report on Monday, September 11th. They set a “buy” rating and a $78.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and set a $80.00 price target on shares of DowDuPont in a research report on Sunday, October 8th. Credit Suisse Group increased their price target on DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, Susquehanna Bancshares Inc started coverage on DowDuPont in a research report on Tuesday, September 5th. They set a “positive” rating and a $80.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $79.72.
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In related news, insider Jeanmarie F. Desmond sold 6,708 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total value of $476,335.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Charles J. Kalil sold 78,895 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total value of $5,601,545.00. The disclosure for this sale can be found here.
DowDuPont Inc (NASDAQ:DWDP) opened at $70.46 on Tuesday. DowDuPont Inc has a 1 year low of $64.01 and a 1 year high of $73.85.
DowDuPont (NASDAQ:DWDP) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.55. The company had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.38 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.16%.
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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