Dow Chemical Company (The) (NYSE:DWDP) 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 transaction of $1,066,650.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Dow Chemical Company (NYSE DWDP) traded up $0.29 during midday trading on Thursday, hitting $71.37. 6,199,520 shares of the stock traded hands, compared to its average volume of 6,338,157. Dow Chemical Company has a one year low of $56.50 and a one year high of $73.85. The company has a current ratio of 2.01, a quick ratio of 1.38 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 posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. equities research analysts expect that Dow Chemical Company will post 3.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, November 14th.
A number of institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new stake in Dow Chemical during the 3rd quarter worth approximately $3,104,000. Colony Group LLC bought a new stake in Dow Chemical during the 3rd quarter worth approximately $19,736,000. Cubist Systematic Strategies LLC bought a new stake in Dow Chemical during the 3rd quarter worth approximately $1,063,000. Point72 Asset Management L.P. bought a new stake in Dow Chemical during the 3rd quarter worth approximately $178,591,000. Finally, Cedar Hill Associates LLC bought a new stake in Dow Chemical during the 3rd quarter worth approximately $520,000. 68.81% of the stock is currently owned by institutional investors and hedge funds.
DWDP has been the topic of several analyst reports. Morgan Stanley restated an “overweight” rating and set 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 research report on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price objective on the stock. Nomura lifted their price objective on shares of Dow Chemical from $77.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Edward Jones initiated coverage on shares of Dow Chemical in a research report on Friday, September 1st. They issued a “hold” rating on the stock. Finally, J P Morgan Chase & Co initiated coverage on shares of Dow Chemical in a research report on Friday, September 15th. They issued an “overweight” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $79.89.
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Dow Chemical Company 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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