DowDuPont (DWDP) Lifted to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of DowDuPont (NYSE:DWDP) from a sell rating to a hold rating in a research report released on Tuesday.

According to Zacks, “DowDuPont Inc. operates as a holding company. It produces agricultural chemicals, material science, and specialty chemical products. Agriculture Business offers crop protection and seeds and traits. Material Science Business offers a range of solutions including consumer solutions and infrastructure solutions and plastics performance. Specialty Products Business includes protection solutions, electronics and communications, nutrition and health and industrial biosciences. DowDuPont Inc, formerly known as Dow Chemical Company, is based in Wilmington, United States. “

Several other research analysts also recently weighed in on the company. Nomura downgraded DowDuPont from a buy rating to a neutral rating and dropped their price target for the stock from $81.00 to $76.00 in a research note on Wednesday, September 26th. ValuEngine downgraded DowDuPont from a hold rating to a sell rating in a research note on Friday, September 28th. BNP Paribas started coverage on DowDuPont in a research note on Tuesday, October 2nd. They issued a neutral rating and a $75.00 price target for the company. Citigroup dropped 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. Finally, Deutsche Bank restated a buy rating and issued a $72.00 price target on shares of DowDuPont in a research note on Friday, October 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $78.47.

Shares of NYSE:DWDP traded down $0.07 during mid-day trading on Tuesday, reaching $58.66. 5,646,535 shares of the company traded hands, compared to its average volume of 13,550,038. The company has a market cap of $133.85 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.48. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27. DowDuPont has a 52 week low of $51.32 and a 52 week high of $77.08.

DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. The company had revenue of $20.12 billion during 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 firm’s revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. Equities research analysts predict that DowDuPont will post 4.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.38 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.52 annualized dividend and a yield of 2.59%. DowDuPont’s payout ratio is 44.71%.

In other news, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of DWDP. Cascade Investment Advisors Inc. raised its holdings in shares of DowDuPont by 85.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock worth $118,000 after acquiring an additional 825 shares in the last quarter. Arlington Partners LLC raised its holdings in shares of DowDuPont by 334.8% during the 3rd quarter. Arlington Partners LLC now owns 1,948 shares of the company’s stock worth $125,000 after acquiring an additional 1,500 shares in the last quarter. SG3 Management LLC purchased a new stake in shares of DowDuPont during the 2nd quarter worth approximately $132,000. D. Scott Neal Inc. purchased a new stake in shares of DowDuPont during the 2nd quarter worth approximately $152,000. Finally, JNBA Financial Advisors raised its holdings in shares of DowDuPont by 291.0% during the 3rd quarter. JNBA Financial Advisors now owns 2,420 shares of the company’s stock worth $156,000 after acquiring an additional 1,801 shares in the last quarter. 69.52% of the stock is currently owned by institutional investors and hedge funds.

DowDuPont Company 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.

Further Reading: How to calculate the intrinsic value of a stock

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