D. Scott Neal Inc. bought a new stake in shares of DowDuPont Inc (NYSE:DWDP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,307 shares of the company’s stock, valued at approximately $152,000.
Other large investors also recently modified their holdings of the company. Parsons Capital Management Inc. RI lifted its stake in shares of DowDuPont by 1.2% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 63,602 shares of the company’s stock valued at $4,193,000 after purchasing an additional 728 shares during the last quarter. SNS Financial Group LLC increased its holdings in shares of DowDuPont by 8.8% during 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 increased its holdings in shares of DowDuPont by 2.0% during 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 increased its holdings in shares of DowDuPont by 1.0% during 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, Trust Co. of Vermont increased its holdings in shares of DowDuPont by 1.7% during the 1st quarter. Trust Co. of Vermont now owns 45,723 shares of the company’s stock worth $2,913,000 after purchasing an additional 778 shares during the period. 69.42% of the stock is owned by institutional investors.
In related news, CEO Edward D. Breen bought 29,580 shares of DowDuPont stock in a transaction dated Wednesday, August 8th. The shares were bought at an average cost of $67.61 per share, for a total transaction of $1,999,903.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $70.75, for a total transaction of $7,120,633.75. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of DowDuPont from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Citigroup lowered their target price on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, September 21st. MED reissued a “buy” rating and issued a $90.00 target price on shares of DowDuPont in a research note on Thursday, August 2nd. BNP Paribas assumed coverage on shares of DowDuPont in a research note on Tuesday, October 2nd. They issued a “neutral” rating and a $75.00 target price on the stock. Finally, Nomura cut shares of DowDuPont from a “buy” rating to a “neutral” rating and lowered their target price for the company from $81.00 to $76.00 in a research note on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. DowDuPont currently has a consensus rating of “Buy” and an average price target of $80.31.
NYSE:DWDP traded up $0.68 on Friday, reaching $59.66. The stock had a trading volume of 10,152,339 shares, compared to its average volume of 8,590,880. The firm has a market cap of $149.78 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. DowDuPont Inc has a 1-year low of $58.81 and a 1-year high of $77.08. 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 (NYSE:DWDP) last released its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.08. The firm had revenue of $24.25 billion for the quarter, compared to analyst estimates of $23.71 billion. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The firm’s revenue for the quarter was up 75.3% on a year-over-year basis. On average, research analysts expect that DowDuPont Inc will post 4.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.55%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
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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