Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its stake in shares of DowDuPont Inc (NYSE:DWDP) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,407 shares of the company’s stock after selling 1,801 shares during the quarter. DowDuPont makes up 1.7% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 19th biggest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in DowDuPont were worth $3,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ruffer LLP raised its holdings in shares of DowDuPont by 22,779.8% during the second quarter. Ruffer LLP now owns 3,412,744 shares of the company’s stock worth $225,087,000 after purchasing an additional 3,397,828 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of DowDuPont by 23.1% during the first quarter. Epoch Investment Partners Inc. now owns 8,638,870 shares of the company’s stock worth $550,383,000 after purchasing an additional 1,621,876 shares during the period. Bank of Montreal Can raised its holdings in shares of DowDuPont by 41.8% during the second quarter. Bank of Montreal Can now owns 3,903,088 shares of the company’s stock worth $257,292,000 after purchasing an additional 1,149,757 shares during the period. Gluskin Sheff & Assoc Inc. acquired a new stake in shares of DowDuPont during the first quarter worth $59,025,000. Finally, American Century Companies Inc. raised its holdings in shares of DowDuPont by 65.6% during the second quarter. American Century Companies Inc. now owns 2,228,118 shares of the company’s stock worth $146,878,000 after purchasing an additional 882,544 shares during the period. Hedge funds and other institutional investors own 69.42% of the company’s stock.
DWDP has been the topic of a number of research reports. Citigroup dropped their target price on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Deutsche Bank set a $72.00 target price on shares of DowDuPont and gave the stock a “buy” rating in a report on Friday. MED reissued a “buy” rating and set a $90.00 target price on shares of DowDuPont in a report on Thursday, August 2nd. UBS Group increased their target price on shares of DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, Barclays dropped their target price on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $80.31.
DWDP stock opened at $59.66 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.70. DowDuPont Inc has a fifty-two week low of $58.81 and a fifty-two week high of $77.08. The stock has a market capitalization of $149.78 billion, a P/E ratio of 17.55, a PEG ratio of 1.54 and a beta of 1.35.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data 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 net margin of 2.62% and a return on equity of 8.46%. The business had revenue of $24.25 billion for the quarter, compared to analysts’ expectations of $23.71 billion. The company’s revenue for the quarter was up 75.3% on a year-over-year basis. As a group, research analysts forecast that DowDuPont Inc will post 4.16 earnings per share for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.55%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
In related news, General Counsel Charles J. Kalil sold 100,645 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward D. Breen bought 29,580 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was bought at an average price of $67.61 per share, with a total value 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 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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