Whitnell & Co. bought a new position in Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,619 shares of the company’s stock, valued at approximately $527,000.
A number of other institutional investors also recently added to or reduced their stakes in DWDP. Excalibur Management Corp purchased a new stake in Dow Chemical during the third quarter valued at $303,000. TCI Wealth Advisors Inc. bought a new stake in Dow Chemical during the third quarter valued at about $973,000. Gilman Hill Asset Management LLC bought a new stake in Dow Chemical during the third quarter valued at about $1,088,000. Barometer Capital Management Inc. bought a new stake in Dow Chemical during the third quarter valued at about $4,701,000. Finally, Mechanics Bank Trust Department bought a new stake in Dow Chemical during the third quarter valued at about $1,450,000. 68.81% of the stock is currently owned by institutional investors and hedge funds.
DWDP has been the subject of a number of recent analyst reports. Stephens initiated coverage on Dow Chemical in a research note on Monday. They issued an “overweight” rating and a $83.00 price objective for the company. Goldman Sachs Group started coverage on Dow Chemical in a research note on Monday. They set a “buy” rating for the company. SunTrust Banks reissued a “hold” rating and set a $73.00 price target on shares of Dow Chemical in a research note on Friday, November 10th. UBS increased their price target on Dow Chemical from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Credit Suisse Group increased 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. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $79.89.
Dow Chemical Company (NYSE DWDP) traded up $0.29 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. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.38. The stock has a market cap of $167,220.00 and a P/E ratio of 19.55. Dow Chemical Company has a one year low of $56.50 and a one year high of $73.85.
Dow Chemical (NYSE:DWDP) last announced its 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 business had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. equities analysts anticipate that Dow Chemical Company will post 3.36 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.13%.
In other news, insider Jeanmarie F. Desmond sold 6,708 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total value of $476,335.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Charles J. Kalil sold 78,895 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was 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 a total of 377,982 shares of company stock worth $27,120,766 in the last ninety days. Insiders own 0.89% of the company’s stock.
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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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