OLD Point Trust & Financial Services N A cut its position in shares of DowDuPont Inc (NYSE:DWDP) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,247 shares of the company’s stock after selling 1,216 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in DowDuPont were worth $1,110,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of DWDP. Cascade Investment Advisors Inc. grew its holdings in 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 during the period. Arlington Partners LLC grew its holdings in DowDuPont by 334.8% in the third quarter. Arlington Partners LLC now owns 1,948 shares of the company’s stock worth $125,000 after purchasing an additional 1,500 shares during the period. SG3 Management LLC acquired a new stake in DowDuPont in the second quarter worth $132,000. D. Scott Neal Inc. acquired a new stake in DowDuPont in the second quarter worth $152,000. Finally, JNBA Financial Advisors grew its holdings in DowDuPont by 291.0% in the third quarter. JNBA Financial Advisors now owns 2,420 shares of the company’s stock worth $156,000 after purchasing an additional 1,801 shares during the period. Institutional investors own 69.45% of the company’s stock.
DowDuPont stock 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 firm has a market capitalization of $139.35 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.48. 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 company 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 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, November 29th. DowDuPont’s payout ratio is currently 44.71%.
In related news, General Counsel Charles J. Kalil sold 100,645 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by company insiders.
A number of research firms have commented on DWDP. ValuEngine upgraded shares of DowDuPont from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Citigroup reduced their price target on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating for the company in a report on Friday, September 21st. Nomura cut shares of DowDuPont from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $81.00 to $76.00 in a report on Wednesday, September 26th. Barclays reduced their price target on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 6th. Finally, MED reaffirmed a “buy” rating and issued a $90.00 price objective on shares of DowDuPont in a research note on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. DowDuPont has an average rating of “Buy” and an average price target of $78.17.
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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