Grimes & Company Inc. bought a new stake in Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,963 shares of the company’s stock, valued at approximately $482,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in DWDP. Dupont Capital Management Corp acquired a new stake in Dow Chemical in the 3rd quarter valued at about $884,806,000. Boston Partners acquired a new stake in Dow Chemical in the 3rd quarter valued at about $481,355,000. Canada Pension Plan Investment Board acquired a new stake in Dow Chemical in the 3rd quarter valued at about $367,440,000. Principal Financial Group Inc. acquired a new stake in Dow Chemical in the 3rd quarter valued at about $319,529,000. Finally, New York State Teachers Retirement System acquired a new stake in Dow Chemical in the 3rd quarter valued at about $268,542,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.
DWDP has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $77.00 price target on shares of Dow Chemical in a report on Wednesday, September 6th. Susquehanna Bancshares initiated coverage on shares of Dow Chemical in a report on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price target for the company. Nomura upped their price target on shares of Dow Chemical from $77.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Edward Jones initiated coverage on shares of Dow Chemical in a report on Friday, September 1st. They issued a “hold” rating for the company. Finally, J P Morgan Chase & Co initiated coverage on shares of Dow Chemical in a report on Friday, September 15th. They issued an “overweight” rating and a $80.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $79.72.
In other news, insider Andrew N. Liveris sold 49,449 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $71.63, for a total value of $3,542,031.87. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Charles J. Kalil sold 78,895 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total value of $5,601,545.00. The disclosure for this sale can be found here. Insiders have sold 190,580 shares of company stock valued at $13,584,719 over the last ninety days. Insiders own 0.89% of the company’s stock.
Shares of Dow Chemical Company (NYSE DWDP) opened at $71.01 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01. Dow Chemical Company has a 52 week low of $55.24 and a 52 week high of $73.85. The company has a market cap of $168,420.78, a PE ratio of 19.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16.
Dow Chemical (NYSE:DWDP) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The company had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts predict that Dow Chemical Company will post 3.36 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Tuesday, November 14th. Dow Chemical’s dividend payout ratio is presently 73.08%.
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Dow Chemical Profile
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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