DowDuPont (DWDP) Rating Increased to Buy at ValuEngine
ValuEngine upgraded shares of DowDuPont (NYSE:DWDP) from a hold rating to a buy rating in a research report sent to investors on Wednesday.
DWDP has been the topic of several other reports. Royal Bank of Canada reissued a buy rating and set a $86.00 price objective on shares of DowDuPont in a research note on Friday, December 8th. Zacks Investment Research raised DowDuPont from a hold rating to a buy rating and set a $85.00 price objective on the stock in a research note on Tuesday, January 30th. Goldman Sachs Group started coverage on DowDuPont in a research note on Monday, December 4th. They set a buy rating on the stock. SunTrust Banks reissued a hold rating and set a $73.00 price objective on shares of DowDuPont in a research note on Friday, November 10th. Finally, Stephens started coverage on DowDuPont in a research note on Monday, December 4th. They set an overweight rating and a $83.00 price objective on the stock. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $80.71.
Shares of DowDuPont (DWDP) opened at $72.23 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.26. The company has a market capitalization of $168,225.33, a PE ratio of 46.01, a P/E/G ratio of 1.84 and a beta of 1.24. DowDuPont has a 52-week low of $64.01 and a 52-week high of $77.08.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.10%. DowDuPont’s dividend payout ratio is 96.82%.
In other news, insider Andrew N. Liveris sold 9,664 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $70.10, for a total transaction of $677,446.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Charles J. Kalil sold 69,400 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total value of $5,042,604.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,646 shares of company stock worth $11,299,372. Insiders own 0.89% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of DowDuPont by 6.2% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,695 shares of the company’s stock valued at $833,000 after purchasing an additional 681 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in shares of DowDuPont by 4.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 16,298 shares of the company’s stock valued at $1,232,000 after purchasing an additional 705 shares during the period. Outfitter Advisors LTD. boosted its holdings in shares of DowDuPont by 0.8% in the fourth quarter. Outfitter Advisors LTD. now owns 89,945 shares of the company’s stock valued at $6,406,000 after purchasing an additional 706 shares during the period. Parsons Capital Management Inc. RI boosted its holdings in shares of DowDuPont by 1.2% in the fourth quarter. Parsons Capital Management Inc. RI now owns 62,260 shares of the company’s stock valued at $4,434,000 after purchasing an additional 719 shares during the period. Finally, Buckingham Asset Management LLC lifted its holdings in DowDuPont by 3.7% during the fourth quarter. Buckingham Asset Management LLC now owns 20,036 shares of the company’s stock worth $1,427,000 after buying an additional 719 shares during the period. 69.73% of the stock is currently owned by hedge funds and other institutional investors.
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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, traits and crop protection.
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