Putnam Investments LLC Purchases 58,788 Shares of DowDuPont Inc (DWDP)

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Putnam Investments LLC raised its holdings in DowDuPont Inc (NYSE:DWDP) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,463,585 shares of the company’s stock after purchasing an additional 58,788 shares during the period. Putnam Investments LLC owned about 0.19% of DowDuPont worth $294,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sawtooth Solutions LLC raised its position in shares of DowDuPont by 168.9% during the 2nd quarter. Sawtooth Solutions LLC now owns 19,511 shares of the company’s stock valued at $1,286,000 after acquiring an additional 12,256 shares in the last quarter. Saturna Capital CORP increased its position in DowDuPont by 1.1% in the second quarter. Saturna Capital CORP now owns 662,596 shares of the company’s stock worth $43,678,000 after buying an additional 7,470 shares during the period. Third Point LLC increased its position in DowDuPont by 1.6% in the second quarter. Third Point LLC now owns 14,300,000 shares of the company’s stock worth $942,656,000 after buying an additional 225,000 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of DowDuPont by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 325,267 shares of the company’s stock worth $21,442,000 after purchasing an additional 953 shares in the last quarter. Finally, AGF Investments Inc. grew its stake in shares of DowDuPont by 12.0% in the second quarter. AGF Investments Inc. now owns 350,078 shares of the company’s stock worth $23,077,000 after purchasing an additional 37,610 shares in the last quarter. 69.42% of the stock is currently owned by institutional investors.

DowDuPont stock traded up $0.68 during mid-day trading on Friday, hitting $59.66. The company’s stock had a trading volume of 10,152,339 shares, compared to its average volume of 8,590,880. The company has a market cap of $149.78 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.54 and a beta of 1.35. The company has a current ratio of 1.70, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27. DowDuPont Inc has a 52-week low of $58.81 and a 52-week high of $77.08.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.08. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The company had revenue of $24.25 billion during the quarter, compared to the consensus estimate of $23.71 billion. DowDuPont’s revenue for the quarter was up 75.3% compared to the same quarter last year. On average, equities analysts forecast that DowDuPont Inc will post 4.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.

Several research analysts have recently issued reports on DWDP shares. Citigroup decreased their price target on DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, September 21st. Deutsche Bank reissued a “buy” rating and issued a $72.00 price target on shares of DowDuPont in a research note on Friday. MED reaffirmed a “buy” rating and set a $90.00 target price on shares of DowDuPont in a research note on Thursday, August 2nd. UBS Group increased their price target on DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Finally, Barclays decreased their price target on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. DowDuPont presently has a consensus rating of “Buy” and a consensus price target of $80.31.

In other news, General Counsel Charles J. Kalil sold 100,645 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $70.75, for a total transaction of $7,120,633.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Edward D. Breen acquired 29,580 shares of the stock in a transaction dated Wednesday, August 8th. The shares were bought at an average cost of $67.61 per share, for a total transaction of $1,999,903.80. The disclosure for this purchase can be found here. 0.42% of the stock is owned by company insiders.

DowDuPont Profile

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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