Whittier Trust Co. trimmed its stake in DowDuPont Inc (NYSE:DWDP) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 239,107 shares of the company’s stock after selling 26,714 shares during the period. Whittier Trust Co.’s holdings in DowDuPont were worth $17,029,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. grew its position in DowDuPont by 6.2% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,695 shares of the company’s stock valued at $833,000 after acquiring an additional 681 shares during the period. Outfitter Advisors LTD. grew its position in DowDuPont by 0.8% in the fourth quarter. Outfitter Advisors LTD. now owns 89,945 shares of the company’s stock valued at $6,406,000 after acquiring an additional 706 shares during the period. Parsons Capital Management Inc. RI grew its position in DowDuPont by 1.2% in the fourth quarter. Parsons Capital Management Inc. RI now owns 62,260 shares of the company’s stock valued at $4,434,000 after acquiring an additional 719 shares during the period. Hemenway Trust Co LLC grew its position in DowDuPont by 15.9% in the fourth quarter. Hemenway Trust Co LLC now owns 5,615 shares of the company’s stock valued at $400,000 after acquiring an additional 769 shares during the period. Finally, Savant Capital LLC grew its position in DowDuPont by 6.1% in the fourth quarter. Savant Capital LLC now owns 15,038 shares of the company’s stock valued at $1,071,000 after acquiring an additional 866 shares during the period. Hedge funds and other institutional investors own 70.55% of the company’s stock.
In other DowDuPont news, General Counsel Charles J. Kalil sold 69,400 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.66, for a total value of $5,042,604.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ronald C. Edmonds sold 15,000 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $71.83, for a total value of $1,077,450.00. The disclosure for this sale can be found here. Insiders sold 94,064 shares of company stock worth $6,797,500 in the last three months. Insiders own 0.89% of the company’s stock.
DowDuPont (NYSE:DWDP) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.16. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The business had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.46 billion. The business’s revenue for the quarter was up 54.1% compared to the same quarter last year. analysts forecast that DowDuPont Inc will post 4.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, February 27th. DowDuPont’s payout ratio is 96.82%.
A number of equities analysts have commented on DWDP shares. Goldman Sachs Group started coverage on DowDuPont in a research note on Monday, December 4th. They issued a “buy” rating on the stock. Stephens started coverage on DowDuPont in a research note on Monday, December 4th. They issued an “overweight” rating and a $83.00 price objective on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $86.00 price objective on shares of DowDuPont in a research note on Friday, December 8th. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research raised DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $80.71.
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DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.
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