Ninepoint Partners LP Takes $264,000 Position in DowDuPont Inc (DWDP)
Ninepoint Partners LP purchased a new position in shares of DowDuPont Inc (NYSE:DWDP) during the fourth quarter, HoldingsChannel reports. The firm purchased 3,700 shares of the company’s stock, valued at approximately $264,000.
A number of other hedge funds have also modified their holdings of DWDP. Nationwide Fund Advisors purchased a new position in shares of DowDuPont in the third quarter valued at approximately $71,079,000. First Trust Advisors LP purchased a new position in shares of DowDuPont in the third quarter valued at approximately $10,214,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of DowDuPont in the third quarter valued at approximately $35,930,000. Alexandria Capital LLC purchased a new position in shares of DowDuPont in the third quarter valued at approximately $1,530,000. Finally, TRUE Private Wealth Advisors purchased a new position in shares of DowDuPont in the third quarter valued at approximately $340,000. Institutional investors own 69.73% of the company’s stock.
Shares of DowDuPont Inc (DWDP) opened at $72.23 on Friday. DowDuPont Inc has a fifty-two week low of $64.01 and a fifty-two week high of $77.08. 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 P/E ratio of 46.01, a P/E/G ratio of 1.84 and a beta of 1.24.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. DowDuPont’s dividend payout ratio is presently 96.82%.
Several research firms have recently weighed in on DWDP. Nomura raised their target price on DowDuPont from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Jefferies Group restated a “buy” rating and issued a $85.00 target price on shares of DowDuPont in a research report on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating and issued a $86.00 target price on shares of DowDuPont in a research report on Friday, December 8th. Barclays upgraded DowDuPont from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research downgraded DowDuPont from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $80.71.
In other DowDuPont news, insider Andrew N. Liveris sold 78,582 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $71.00, for a total transaction of $5,579,322.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Charles J. Kalil sold 69,400 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was 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 three months, insiders have sold 157,646 shares of company stock valued at $11,299,372. 0.89% of the stock is owned by insiders.
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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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