Sound Income Strategies LLC Decreases Stake in DowDuPont Inc (DWDP)
Sound Income Strategies LLC lowered its position in DowDuPont Inc (NYSE:DWDP) by 4.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,808 shares of the company’s stock after selling 820 shares during the period. DowDuPont accounts for about 0.5% of Sound Income Strategies LLC’s investment portfolio, making the stock its 27th largest holding. Sound Income Strategies LLC’s holdings in DowDuPont were worth $952,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in DWDP. Curbstone Financial Management Corp increased its position in DowDuPont by 0.8% during the 4th quarter. Curbstone Financial Management Corp now owns 38,266 shares of the company’s stock valued at $2,046,000 after buying an additional 316 shares in the last quarter. Carroll Financial Associates Inc. increased its position in DowDuPont by 0.5% during the 4th quarter. Carroll Financial Associates Inc. now owns 73,528 shares of the company’s stock valued at $4,026,000 after buying an additional 370 shares in the last quarter. Arlington Partners LLC increased its position in DowDuPont by 28.7% during the 4th quarter. Arlington Partners LLC now owns 2,508 shares of the company’s stock valued at $134,000 after buying an additional 560 shares in the last quarter. Avitas Wealth Management LLC increased its position in DowDuPont by 10.2% during the 3rd quarter. Avitas Wealth Management LLC now owns 6,327 shares of the company’s stock valued at $407,000 after buying an additional 587 shares in the last quarter. Finally, SNS Financial Group LLC increased its position in DowDuPont by 8.8% during the 2nd quarter. SNS Financial Group LLC now owns 9,418 shares of the company’s stock valued at $620,000 after buying an additional 763 shares in the last quarter. 69.23% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. Citigroup reduced their price objective on DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, September 21st. Nomura lowered DowDuPont from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $81.00 to $76.00 in a research report on Wednesday, September 26th. BNP Paribas assumed coverage on DowDuPont in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $75.00 price objective for the company. ValuEngine lowered DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Finally, BMO Capital Markets set a $79.00 price objective on DowDuPont and gave the company a “buy” rating in a research report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $78.47.
DowDuPont (NYSE:DWDP) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The firm had revenue of $20.12 billion for the quarter, compared to the consensus estimate of $20.24 billion. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. As a group, research analysts forecast that DowDuPont Inc will post 4.14 EPS for the current year.
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DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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