Benjamin F. Edwards & Company Inc. Acquires 10,438 Shares of DowDuPont Inc (DWDP)

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.

Shares of DWDP opened at $52.63 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. DowDuPont Inc has a 1 year low of $51.32 and a 1 year high of $77.08. The company has a market cap of $121.11 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.25 and a beta of 1.35.

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.

About DowDuPont

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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