Wayne Hummer Investments L.L.C. purchased a new stake in shares of Dow Chemical Company (The) (NYSE:DWDP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,363 shares of the company’s stock, valued at approximately $1,341,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC purchased a new position in shares of Dow Chemical in the third quarter worth about $101,000. Winfield Associates Inc. purchased a new position in shares of Dow Chemical in the third quarter worth about $103,000. AllSquare Wealth Management LLC purchased a new position in shares of Dow Chemical in the third quarter worth about $108,000. NewSquare Capital LLC purchased a new position in shares of Dow Chemical in the third quarter worth about $109,000. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Dow Chemical in the third quarter worth about $114,000. Institutional investors and hedge funds own 68.81% of the company’s stock.
Shares of Dow Chemical Company (DWDP) opened at $70.56 on Thursday. 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 stock has a market capitalization of $165,647.89, a PE ratio of 19.34, a P/E/G ratio of 2.37 and a beta of 1.15. Dow Chemical Company has a 12 month low of $56.52 and a 12 month high of $73.85.
Dow Chemical (NYSE:DWDP) last posted its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The company 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%. Dow Chemical’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. 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 given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.15%. Dow Chemical’s payout ratio is 73.08%.
DWDP has been the topic of several analyst reports. Jefferies Group lifted their price objective on Dow Chemical to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 5th. Nomura initiated coverage on Dow Chemical in a report on Sunday, September 3rd. They issued a “buy” rating and a $77.00 price objective on the stock. UBS initiated coverage on Dow Chemical in a report on Friday, September 1st. They issued a “buy” rating on the stock. Instinet reiterated a “buy” rating and issued a $77.00 price objective on shares of Dow Chemical in a report on Tuesday, September 5th. Finally, Bank of America initiated coverage on Dow Chemical in a report on Monday, September 11th. They issued a “buy” rating and a $78.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the company. Dow Chemical presently has an average rating of “Buy” and a consensus price target of $80.21.
In other Dow Chemical news, COO James C. Jr. Collins sold 15,000 shares of Dow Chemical stock in a transaction that occurred on 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 available through this hyperlink. Also, insider Andrew N. Liveris sold 187,402 shares of Dow Chemical stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total value of $13,536,046.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 407,705 shares of company stock worth $29,245,960. 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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