D. Scott Neal Inc. Acquires New Holdings in DowDuPont Inc (NYSE:DWDP)

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%.

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.

Further Reading: Conference Calls and Individual Investors

Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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