HRT Financial LLC Acquires New Holdings in DowDuPont Inc (NYSE:DWDP)

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HRT Financial LLC bought a new stake in shares of DowDuPont Inc (NYSE:DWDP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,805 shares of the company’s stock, valued at approximately $382,000.

Other large investors also recently modified their holdings of the company. Parsons Capital Management Inc. RI lifted its position in DowDuPont by 1.2% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 63,602 shares of the company’s stock worth $4,193,000 after acquiring an additional 728 shares during the last quarter. SNS Financial Group LLC lifted its position in DowDuPont by 8.8% during the 2nd quarter. SNS Financial Group LLC now owns 9,418 shares of the company’s stock worth $620,000 after acquiring an additional 763 shares during the last quarter. Ascension Asset Management LLC lifted its position in DowDuPont by 2.0% during the 2nd quarter. Ascension Asset Management LLC now owns 38,303 shares of the company’s stock worth $2,525,000 after acquiring an additional 766 shares during the last quarter. Barrett Asset Management LLC lifted its position in DowDuPont by 1.0% during the 2nd quarter. Barrett Asset Management LLC now owns 81,677 shares of the company’s stock worth $5,384,000 after acquiring an additional 771 shares during the last quarter. Finally, Trust Co. of Vermont lifted its position in DowDuPont by 1.7% during the 1st quarter. Trust Co. of Vermont now owns 45,723 shares of the company’s stock worth $2,913,000 after acquiring an additional 778 shares during the last quarter. 69.42% of the stock is owned by institutional investors.

Several research firms have recently issued reports on DWDP. Citigroup dropped their price objective on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Deutsche Bank restated a “buy” rating and set a $72.00 price objective on shares of DowDuPont in a report on Friday. MED restated a “buy” rating and set a $90.00 price objective on shares of DowDuPont in a report on Thursday, August 2nd. UBS Group boosted their price objective on shares of DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, Barclays dropped their price objective on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. DowDuPont currently has a consensus rating of “Buy” and an average price target of $80.31.

In other news, CEO Edward D. Breen purchased 29,580 shares of DowDuPont stock in a transaction on Wednesday, August 8th. The shares were purchased at an average cost of $67.61 per share, for a total transaction of $1,999,903.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Charles J. Kalil sold 100,645 shares of the business’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 disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

NYSE DWDP traded up $0.68 on Friday, reaching $59.66. The company’s stock had a trading volume of 10,152,339 shares, compared to its average volume of 8,590,880. The stock has a market cap of $149.78 billion, a P/E ratio of 17.55, a PEG ratio of 1.54 and a beta of 1.35. DowDuPont Inc has a 52 week low of $58.81 and a 52 week high of $77.08. The company has a quick ratio of 1.15, a current ratio of 1.70 and a debt-to-equity ratio of 0.27.

DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, August 2nd. The company reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.08. The business had revenue of $24.25 billion for the quarter, compared to analysts’ expectations of $23.71 billion. DowDuPont had a net margin of 2.62% and a return on equity of 8.46%. The company’s revenue was up 75.3% on a year-over-year basis. Research analysts anticipate that DowDuPont Inc will post 4.16 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.55%. DowDuPont’s payout ratio is currently 44.71%.

About DowDuPont

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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Institutional Ownership by Quarter for DowDuPont (NYSE:DWDP)

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