Country Trust Bank Boosts Holdings in DowDuPont Inc (DWDP)

Country Trust Bank grew its holdings in DowDuPont Inc (NYSE:DWDP) by 7,574.8% in the 1st quarter, HoldingsChannel reports. The fund owned 7,905 shares of the company’s stock after buying an additional 7,802 shares during the quarter. Country Trust Bank’s holdings in DowDuPont were worth $421,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Manchester Capital Management LLC grew its stake in shares of DowDuPont by 0.9% during the fourth quarter. Manchester Capital Management LLC now owns 21,747 shares of the company’s stock worth $1,434,000 after purchasing an additional 191 shares in the last quarter. Kovack Advisors Inc. grew its stake in shares of DowDuPont by 2.4% during the fourth quarter. Kovack Advisors Inc. now owns 8,372 shares of the company’s stock worth $448,000 after purchasing an additional 193 shares in the last quarter. Bogart Wealth LLC grew its stake in shares of DowDuPont by 46.5% during the fourth quarter. Bogart Wealth LLC now owns 630 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of DowDuPont by 3.8% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 5,464 shares of the company’s stock worth $292,000 after purchasing an additional 200 shares in the last quarter. Finally, Cottage Street Advisors LLC grew its stake in shares of DowDuPont by 0.4% during the fourth quarter. Cottage Street Advisors LLC now owns 56,473 shares of the company’s stock worth $3,020,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

NYSE DWDP opened at $30.10 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.14. DowDuPont Inc has a 1 year low of $30.06 and a 1 year high of $48.34. The firm has a market capitalization of $70.62 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 1.32 and a beta of 1.29.

DowDuPont (NYSE:DWDP) last announced its earnings results on Thursday, May 2nd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.14. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. The business had revenue of $19.65 billion during the quarter, compared to analysts’ expectations of $19.47 billion. During the same period in the prior year, the company earned $1.12 earnings per share. The business’s revenue was down 8.7% compared to the same quarter last year. On average, sell-side analysts anticipate that DowDuPont Inc will post 2.29 EPS for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, April 26th will be issued a $0.14 dividend. The ex-dividend date is Thursday, May 2nd. DowDuPont’s payout ratio is 13.63%.

A number of equities analysts recently commented on DWDP shares. Argus lowered their target price on shares of DowDuPont from $81.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, February 5th. Goldman Sachs Group started coverage on shares of DowDuPont in a research note on Friday, March 29th. They set a “neutral” rating and a $42.00 target price for the company. SunTrust Banks decreased their price objective on shares of DowDuPont to $57.00 and set a “hold” rating for the company in a research note on Monday, February 4th. Citigroup downgraded shares of DowDuPont from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $60.00 to $40.00 in a research note on Tuesday, April 2nd. Finally, UBS Group started coverage on shares of DowDuPont in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $45.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. DowDuPont currently has a consensus rating of “Hold” and a consensus price target of $56.00.

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About DowDuPont

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.

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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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