Suntrust Banks Inc. Sells 243,732 Shares of DowDuPont Inc (DWDP)
Suntrust Banks Inc. reduced its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 19.2% in the 4th quarter, HoldingsChannel reports. The fund owned 1,024,517 shares of the company’s stock after selling 243,732 shares during the period. Suntrust Banks Inc.’s holdings in DowDuPont were worth $72,965,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of DowDuPont by 6.2% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,695 shares of the company’s stock worth $833,000 after buying an additional 681 shares in the last quarter. Outfitter Advisors LTD. grew its holdings in shares of DowDuPont by 0.8% during the fourth quarter. Outfitter Advisors LTD. now owns 89,945 shares of the company’s stock worth $6,406,000 after buying an additional 706 shares in the last quarter. Parsons Capital Management Inc. RI grew its holdings in shares of DowDuPont by 1.2% during the fourth quarter. Parsons Capital Management Inc. RI now owns 62,260 shares of the company’s stock worth $4,434,000 after buying an additional 719 shares in the last quarter. Hemenway Trust Co LLC grew its holdings in shares of DowDuPont by 15.9% during the fourth quarter. Hemenway Trust Co LLC now owns 5,615 shares of the company’s stock worth $400,000 after buying an additional 769 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in shares of DowDuPont by 6.1% during the fourth quarter. Savant Capital LLC now owns 15,038 shares of the company’s stock worth $1,071,000 after buying an additional 866 shares in the last quarter. Hedge funds and other institutional investors own 69.73% of the company’s stock.
A number of brokerages have recently commented on DWDP. Jefferies Group reiterated a “buy” rating and set a $85.00 price target on shares of DowDuPont in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of DowDuPont from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays lowered their price target on shares of DowDuPont from $80.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Nomura lifted their price target on shares of DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, ValuEngine upgraded shares of DowDuPont from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. DowDuPont currently has an average rating of “Buy” and a consensus price target of $80.71.
DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.16. DowDuPont had a net margin of 2.34% and a return on equity of 8.21%. The firm had revenue of $20.07 billion during the quarter, compared to the consensus estimate of $19.46 billion. DowDuPont’s revenue was up 54.1% on a year-over-year basis. equities analysts anticipate that DowDuPont Inc will post 4.14 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 2.22%. DowDuPont’s payout ratio is 178.82%.
In other DowDuPont news, General Counsel Charles J. Kalil sold 69,400 shares of DowDuPont stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total transaction of $5,042,604.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew N. Liveris sold 9,664 shares of DowDuPont stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $70.10, for a total transaction of $677,446.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 374,771 shares of company stock valued at $26,960,613. 0.89% of the stock is owned by insiders.
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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