Security National Bank increased its stake in shares of DowDuPont Inc (NYSE:DWDP) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,743 shares of the company’s stock after acquiring an additional 1,372 shares during the quarter. DowDuPont comprises approximately 1.7% of Security National Bank’s portfolio, making the stock its 24th largest holding. Security National Bank’s holdings in DowDuPont were worth $3,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently made changes to their positions in the stock. Community Bank & Trust Waco Texas increased its stake in DowDuPont by 6.8% in the third quarter. Community Bank & Trust Waco Texas now owns 20,341 shares of the company’s stock valued at $1,308,000 after purchasing an additional 1,300 shares during the period. Berkshire Asset Management LLC PA increased its stake in DowDuPont by 30.7% in the third quarter. Berkshire Asset Management LLC PA now owns 17,130 shares of the company’s stock valued at $1,102,000 after purchasing an additional 4,019 shares during the period. Bank of Montreal Can increased its stake in DowDuPont by 4.7% in the third quarter. Bank of Montreal Can now owns 4,085,981 shares of the company’s stock valued at $262,769,000 after purchasing an additional 182,893 shares during the period. Peoples Financial Services CORP. increased its stake in DowDuPont by 3.1% in the third quarter. Peoples Financial Services CORP. now owns 60,813 shares of the company’s stock valued at $3,911,000 after purchasing an additional 1,825 shares during the period. Finally, Bridge Creek Capital Management LLC increased its stake in DowDuPont by 3.7% in the third quarter. Bridge Creek Capital Management LLC now owns 50,463 shares of the company’s stock valued at $3,245,000 after purchasing an additional 1,814 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 recent research reports. Barclays dropped their price objective on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Monday, August 6th. ValuEngine lowered shares of DowDuPont from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Deutsche Bank restated a “buy” rating and issued a $72.00 price objective on shares of DowDuPont in a research note on Friday. UBS Group lifted their price objective on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Nomura lowered shares of DowDuPont from a “buy” rating to a “neutral” rating and dropped their price objective 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 issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $80.31.
In related news, CEO Edward D. Breen acquired 29,580 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were purchased at an average price of $67.61 per share, with a total value of $1,999,903.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Charles J. Kalil sold 100,645 shares of the business’s stock in a transaction dated 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.
Shares of NYSE:DWDP opened at $59.66 on Monday. The stock has a market capitalization of $149.78 billion, a PE ratio of 17.55, a PEG ratio of 1.54 and a beta of 1.35. The company has a current ratio of 1.70, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27. DowDuPont Inc has a fifty-two week low of $58.81 and a fifty-two week high of $77.08.
DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.08. The business had revenue of $24.25 billion for the quarter, compared to the consensus estimate of $23.71 billion. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The company’s revenue was up 75.3% on a year-over-year basis. On average, equities analysts predict that DowDuPont Inc will post 4.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Thursday, November 29th. DowDuPont’s payout ratio is 44.71%.
DowDuPont Company 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.
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