FineMark National Bank & Trust Has $17.15 Million Position in DowDuPont Inc (DWDP)

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.

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DowDuPont 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: The Discount Rate – What You Need to Know

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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