Brookstone Capital Management purchased a new position in Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 84,608 shares of the company’s stock, valued at approximately $5,857,000.
Several other hedge funds have also bought and sold shares of the company. Private Asset Management Inc. purchased a new position in shares of Dow Chemical in the third quarter worth $1,953,000. First Quadrant L P CA purchased a new position in shares of Dow Chemical in the third quarter worth $159,000. Grace & White Inc. NY bought a new stake in shares of Dow Chemical in the third quarter worth $200,000. Weatherly Asset Management L. P. bought a new stake in shares of Dow Chemical in the third quarter worth $204,000. Finally, Osborne Partners Capital Management LLC bought a new stake in shares of Dow Chemical in the third quarter worth $205,000. Hedge funds and other institutional investors own 68.81% of the company’s stock.
In other news, COO James C. Jr. Collins sold 15,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $71.11, for a total value of $1,066,650.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Charles J. Kalil sold 78,895 shares of the business’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 sold 377,982 shares of company stock worth $27,120,766 over the last 90 days. Company insiders own 0.89% of the company’s stock.
Several analysts recently commented on DWDP shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $77.00 price objective on shares of Dow Chemical in a report on Wednesday, September 6th. Susquehanna Bancshares started coverage on Dow Chemical in a report on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price objective for the company. Nomura lifted their price objective on Dow Chemical from $77.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Edward Jones started coverage on Dow Chemical in a report on Friday, September 1st. They issued a “hold” rating for the company. Finally, J P Morgan Chase & Co started coverage on Dow Chemical in a report on Friday, September 15th. They issued an “overweight” rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company’s stock. Dow Chemical presently has an average rating of “Buy” and a consensus price target of $79.89.
Dow Chemical Company (NYSE:DWDP) traded up $0.29 during trading hours on Thursday, reaching $71.37. The company’s stock had a trading volume of 6,199,520 shares, compared to its average volume of 6,338,157. Dow Chemical Company has a twelve month low of $56.50 and a twelve month high of $73.85. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $167,220.00 and a price-to-earnings ratio of 19.55.
Dow Chemical (NYSE:DWDP) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $18.24 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. Dow Chemical’s revenue for the quarter was up 7.6% on a year-over-year basis. equities analysts anticipate that Dow Chemical Company will post 3.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a $0.38 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.13%.
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About Dow Chemical
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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