FineMark National Bank & Trust increased its holdings in DowDuPont Inc (NYSE:DWDP) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 266,715 shares of the company’s stock after purchasing an additional 18,023 shares during the quarter. DowDuPont accounts for 1.0% of FineMark National Bank & Trust’s investment portfolio, making the stock its 14th biggest position. FineMark National Bank & Trust’s holdings in DowDuPont were worth $17,152,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Parsons Capital Management Inc. RI raised its position in DowDuPont by 1.2% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 63,602 shares of the company’s stock worth $4,193,000 after purchasing an additional 728 shares during the period. SNS Financial Group LLC raised its position in DowDuPont by 8.8% in the 2nd quarter. SNS Financial Group LLC now owns 9,418 shares of the company’s stock worth $620,000 after purchasing an additional 763 shares during the period. Ascension Asset Management LLC raised its position in DowDuPont by 2.0% in the 2nd quarter. Ascension Asset Management LLC now owns 38,303 shares of the company’s stock worth $2,525,000 after purchasing an additional 766 shares during the period. Barrett Asset Management LLC raised its position in DowDuPont by 1.0% in the 2nd quarter. Barrett Asset Management LLC now owns 81,677 shares of the company’s stock worth $5,384,000 after purchasing an additional 771 shares during the period. Finally, Wellington Shields & Co. LLC increased its position in shares of DowDuPont by 5.4% in the second quarter. Wellington Shields & Co. LLC now owns 15,607 shares of the company’s stock valued at $1,029,000 after acquiring an additional 800 shares during the period. Institutional investors own 69.45% of the company’s stock.
In related news, General Counsel Charles J. Kalil sold 100,645 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were 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 is accessible through this link. 0.42% of the stock is owned by insiders.
Shares of NYSE DWDP opened at $58.68 on Friday. DowDuPont Inc has a 1 year low of $51.32 and a 1 year high of $77.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.64. The stock has a market cap of $139.35 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.44 and a beta of 1.48.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The company had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. During the same quarter in the previous year, the company earned $0.55 earnings per share. DowDuPont’s quarterly revenue was up 31.1% on a year-over-year basis. As a group, equities analysts predict that DowDuPont Inc will post 4.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, November 29th. DowDuPont’s dividend payout ratio is currently 44.71%.
A number of equities analysts have issued reports on DWDP shares. Citigroup restated a “buy” rating and issued a $74.00 price objective (down previously from $79.00) on shares of DowDuPont in a research report on Thursday, October 11th. Stephens cut shares of DowDuPont from an “overweight” rating to a “hold” rating and set a $63.00 price objective on the stock. in a research report on Friday, October 19th. TheStreet cut shares of DowDuPont from a “b-” rating to a “c+” rating in a research report on Thursday, November 1st. JPMorgan Chase & Co. decreased their price objective on shares of DowDuPont from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, November 2nd. Finally, ValuEngine cut shares of DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. DowDuPont presently has a consensus rating of “Buy” and a consensus target price of $78.17.
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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