Lord Abbett & CO. LLC increased its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,840,031 shares of the company’s stock after acquiring an additional 517,969 shares during the period. DowDuPont makes up 0.6% of Lord Abbett & CO. LLC’s investment portfolio, making the stock its 25th largest holding. Lord Abbett & CO. LLC owned about 0.12% of DowDuPont worth $151,885,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of DWDP. Bogart Wealth LLC raised its holdings in shares of DowDuPont by 46.5% in the 4th quarter. Bogart Wealth LLC now owns 630 shares of the company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. G&S Capital LLC grew its stake in shares of DowDuPont by 116.8% during the fourth quarter. G&S Capital LLC now owns 657 shares of the company’s stock worth $35,000 after buying an additional 354 shares during the last quarter. Evolution Wealth Advisors LLC bought a new stake in shares of DowDuPont during the fourth quarter worth $38,000. Smith Asset Management Group LP grew its stake in shares of DowDuPont by 112.5% during the fourth quarter. Smith Asset Management Group LP now owns 1,020 shares of the company’s stock worth $55,000 after buying an additional 540 shares during the last quarter. Finally, Tributary Capital Management LLC bought a new stake in shares of DowDuPont during the fourth quarter worth $60,000. 69.37% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on DWDP shares. Jefferies Financial Group decreased their target price on shares of DowDuPont from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, March 29th. Bank of America set a $70.00 price target on shares of DowDuPont and gave the company a “buy” rating in a research report on Saturday, February 2nd. Argus cut their price target on shares of DowDuPont from $81.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, February 5th. UBS Group initiated coverage on shares of DowDuPont in a research report on Wednesday, April 3rd. They set a “buy” rating and a $45.00 price target on the stock. Finally, DZ Bank cut shares of DowDuPont from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.80.
Shares of NYSE DWDP traded up $0.15 during trading on Wednesday, hitting $39.30. 736,300 shares of the company traded hands, compared to its average volume of 16,271,062. The company has a current ratio of 2.01, a quick ratio of 1.33 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $91.18 billion, a P/E ratio of 9.56, a P/E/G ratio of 1.74 and a beta of 1.28. DowDuPont Inc has a fifty-two week low of $16.30 and a fifty-two week high of $39.53.
DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, January 31st. The company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.01). The firm had revenue of $20.10 billion during the quarter, compared to analysts’ expectations of $21.11 billion. DowDuPont had a net margin of 4.47% and a return on equity of 9.59%. Equities research analysts forecast that DowDuPont Inc will post 2.23 EPS for the current year.
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DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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