Pennsylvania Trust Co Buys 4,706 Shares of DowDuPont Inc (DWDP)

Pennsylvania Trust Co increased its stake in shares of DowDuPont Inc (NYSE:DWDP) by 1.0% in the third quarter, Holdings Channel reports. The institutional investor owned 484,440 shares of the company’s stock after acquiring an additional 4,706 shares during the period. DowDuPont makes up about 1.3% of Pennsylvania Trust Co’s holdings, making the stock its 14th largest holding. Pennsylvania Trust Co’s holdings in DowDuPont were worth $31,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DWDP. Winthrop Partners WNY LLC bought a new position in shares of DowDuPont in the first quarter worth $111,000. Cascade Investment Advisors Inc. grew its stake in shares of DowDuPont by 85.1% in the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock worth $118,000 after purchasing an additional 825 shares in the last quarter. Institutional & Family Asset Management LLC bought a new position in shares of DowDuPont in the first quarter worth $117,000. SG3 Management LLC bought a new position in shares of DowDuPont in the second quarter worth $132,000. Finally, D. Scott Neal Inc. bought a new position in shares of DowDuPont in the second quarter worth $152,000. Hedge funds and other institutional investors own 69.42% of the company’s stock.

In other news, General Counsel Charles J. Kalil sold 100,645 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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, with a total value of $1,999,903.80. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.

Several research firms have recently issued reports on DWDP. BNP Paribas began coverage on DowDuPont in a research note on Tuesday, October 2nd. They issued a “neutral” rating and a $75.00 price target for the company. ValuEngine cut DowDuPont from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Nomura cut DowDuPont from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $81.00 to $76.00 in a research note on Wednesday, September 26th. Citigroup decreased their price target on DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, September 21st. Finally, Barclays decreased their price target on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $80.88.

Shares of DowDuPont stock traded down $0.61 during trading on Tuesday, hitting $62.55. The stock had a trading volume of 115,981 shares, compared to its average volume of 8,457,005. The company has a quick ratio of 1.15, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. The firm has a market cap of $149.78 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. DowDuPont Inc has a fifty-two week low of $61.27 and a fifty-two week high of $77.08.

DowDuPont (NYSE:DWDP) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $23.71 billion. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The business’s revenue for the quarter was up 75.3% on a year-over-year basis. Analysts anticipate that DowDuPont Inc will post 4.16 earnings per share for the current fiscal year.

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.

Featured Article: What is an Initial Public Offering (IPO)?

Want to see what other hedge funds are holding DWDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DowDuPont Inc (NYSE:DWDP).

Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

Receive News & Ratings for DowDuPont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DowDuPont and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply