Benjamin F. Edwards & Company Inc. lifted its holdings in DowDuPont Inc (NYSE:DWDP) by 65.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,287 shares of the company’s stock after buying an additional 10,438 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in DowDuPont were worth $1,691,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of DWDP. Harel Insurance Investments & Financial Services Ltd. raised its stake in DowDuPont by 18.4% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,874 shares of the company’s stock worth $828,000 after acquiring an additional 2,000 shares during the period. CWM LLC grew its holdings in DowDuPont by 68.4% during the 3rd quarter. CWM LLC now owns 42,337 shares of the company’s stock valued at $2,723,000 after buying an additional 17,193 shares in the last quarter. Levin Capital Strategies L.P. grew its holdings in DowDuPont by 9.3% during the 3rd quarter. Levin Capital Strategies L.P. now owns 4,295,742 shares of the company’s stock valued at $276,259,000 after buying an additional 366,595 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in DowDuPont during the 3rd quarter valued at approximately $5,209,000. Finally, Mechanics Bank Trust Department grew its holdings in DowDuPont by 3.9% during the 3rd quarter. Mechanics Bank Trust Department now owns 27,661 shares of the company’s stock valued at $1,778,000 after buying an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 69.45% of the company’s stock.
In related news, General Counsel Charles J. Kalil sold 100,645 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $70.75, for a total value of $7,120,633.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward D. Breen bought 29,580 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was acquired at an average cost of $67.61 per share, with a total value of $1,999,903.80. The disclosure for this purchase can be found here. Company insiders own 0.42% of the company’s stock.
DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The firm had revenue of $24.25 billion during the quarter, compared to analyst estimates of $23.71 billion. The firm’s revenue for the quarter was up 75.3% on a year-over-year basis. Analysts forecast that DowDuPont Inc will post 4.16 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
A number of brokerages have issued reports on DWDP. Stephens lowered shares of DowDuPont from an “overweight” rating to a “hold” rating and set a $63.00 price objective for the company. in a report on Friday, October 19th. Deutsche Bank reaffirmed a “buy” rating and set a $72.00 price objective on shares of DowDuPont in a report on Friday, October 12th. Citigroup reaffirmed a “buy” rating and set a $74.00 price objective (down from $79.00) on shares of DowDuPont in a report on Thursday, October 11th. BNP Paribas began coverage on shares of DowDuPont in a report on Tuesday, October 2nd. They set a “neutral” rating and a $75.00 price objective for the company. Finally, ValuEngine lowered shares of DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, September 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $79.06.
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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