McKinley Carter Wealth Services Inc. bought a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,937 shares of the company’s stock, valued at approximately $273,000.
Other large investors have also added to or reduced their stakes in the company. Private Asset Management Inc. bought a new stake in shares of Dow Chemical during the third quarter worth $1,953,000. First Quadrant L P CA purchased a new position in shares of Dow Chemical during the third quarter valued at $159,000. Grace & White Inc. NY purchased a new position in shares of Dow Chemical during the third quarter valued at $200,000. Weatherly Asset Management L. P. purchased a new position in shares of Dow Chemical during the third quarter valued at $204,000. Finally, Osborne Partners Capital Management LLC purchased a new position in shares of Dow Chemical during the third quarter valued at $205,000. Institutional investors and hedge funds own 68.81% of the company’s stock.
Shares of Dow Chemical Company (NYSE:DWDP) traded up $1.12 during mid-day trading on Monday, hitting $72.13. The stock had a trading volume of 8,568,660 shares, compared to its average volume of 6,331,471. Dow Chemical Company has a 1-year low of $55.24 and a 1-year high of $73.85. The stock has a market capitalization of $168,780.00 and a price-to-earnings ratio of 19.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.38.
Dow Chemical (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The business had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. equities analysts expect that Dow Chemical Company will post 3.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.11%.
In related news, General Counsel Charles J. Kalil sold 78,895 shares of Dow Chemical stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total transaction of $5,601,545.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew N. Liveris sold 49,449 shares of Dow Chemical 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 disclosure for this sale can be found here. Insiders have sold 190,580 shares of company stock worth $13,584,719 in the last 90 days. Insiders own 0.89% of the company’s stock.
Several equities analysts have recently commented on DWDP shares. Macquarie started coverage on Dow Chemical in a research note on Tuesday, September 5th. They set an “outperform” rating and a $76.00 price target on the stock. Bank of America started coverage on Dow Chemical in a research note on Monday, September 11th. They set a “buy” rating and a $78.00 price target on the stock. Jefferies Group restated a “buy” rating and set a $80.00 price target on shares of Dow Chemical in a research note on Sunday, October 8th. Credit Suisse Group raised their price target on Dow Chemical from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Susquehanna Bancshares started coverage on Dow Chemical in a research note on Tuesday, September 5th. They set a “positive” rating and a $80.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $79.89.
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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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