BRYN MAWR TRUST Co increased its holdings in DowDuPont Inc (NYSE:DWDP) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,858 shares of the company’s stock after buying an additional 20,506 shares during the period. DowDuPont accounts for 1.1% of BRYN MAWR TRUST Co’s holdings, making the stock its 19th largest position. BRYN MAWR TRUST Co’s holdings in DowDuPont were worth $20,294,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Saturna Capital CORP raised its position in DowDuPont by 1.1% during the second quarter. Saturna Capital CORP now owns 662,596 shares of the company’s stock valued at $43,678,000 after purchasing an additional 7,470 shares in the last quarter. Partnervest Advisory Services LLC acquired a new position in DowDuPont during the second quarter valued at approximately $246,000. AGF Investments Inc. raised its position in DowDuPont by 12.0% during the second quarter. AGF Investments Inc. now owns 350,078 shares of the company’s stock valued at $23,077,000 after purchasing an additional 37,610 shares in the last quarter. Elmwood Wealth Management Inc. acquired a new position in DowDuPont during the first quarter valued at approximately $102,000. Finally, Cpwm LLC acquired a new position in DowDuPont during the second quarter valued at approximately $259,000. Institutional investors own 69.49% of the company’s stock.
Shares of NYSE:DWDP opened at $68.58 on Monday. The firm has a market cap of $161.26 billion, a PE ratio of 17.89, a P/E/G ratio of 1.65 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.15. DowDuPont Inc has a 52-week low of $61.27 and a 52-week high of $77.08.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The company had revenue of $24.25 billion during 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 firm’s revenue for the quarter was up 75.3% compared to the same quarter last year. sell-side analysts anticipate that DowDuPont Inc will post 4.2 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.22%. DowDuPont’s dividend payout ratio (DPR) is presently 44.71%.
In related news, General Counsel Charles J. Kalil sold 100,645 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward D. Breen acquired 29,580 shares of DowDuPont stock in a transaction that occurred on Wednesday, August 8th. The stock was acquired at an average cost of $67.61 per share, for a total transaction of $1,999,903.80. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by corporate insiders.
DWDP has been the subject of several research analyst reports. MED restated a “buy” rating and set a $90.00 price objective on shares of DowDuPont in a research report on Thursday, August 2nd. UBS Group boosted their price objective on shares of DowDuPont from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Barclays lowered their price objective on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. Finally, ValuEngine upgraded shares of DowDuPont from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $81.81.
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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