Dow Chemical Company (The) (NYSE:DWDP) insider Andrew N. Liveris sold 9,664 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $70.10, for a total value of $677,446.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Dow Chemical Company (NYSE:DWDP) traded up $0.19 during mid-day trading on Friday, hitting $75.41. The stock had a trading volume of 4,982,690 shares, compared to its average volume of 7,220,000. The firm has a market capitalization of $176,460.00 and a P/E ratio of 36.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01. Dow Chemical Company has a 1-year low of $64.01 and a 1-year high of $76.34.
Dow Chemical (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. The business had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. sell-side analysts forecast that Dow Chemical Company will post 3.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Tuesday, November 14th.
Several institutional investors and hedge funds have recently made changes to their positions in DWDP. Tradewinds Capital Management LLC purchased a new stake in Dow Chemical in the third quarter valued at $101,000. Winfield Associates Inc. purchased a new stake in Dow Chemical in the third quarter valued at $103,000. Peddock Capital Advisors LLC purchased a new stake in Dow Chemical in the third quarter valued at $106,000. AllSquare Wealth Management LLC purchased a new stake in Dow Chemical in the third quarter valued at $108,000. Finally, NewSquare Capital LLC purchased a new stake in Dow Chemical in the third quarter valued at $109,000. 68.75% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on DWDP shares. Zacks Investment Research lowered Dow Chemical from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 27th. Morgan Stanley boosted their price target on Dow Chemical from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Credit Suisse Group reiterated an “outperform” rating and issued a $79.00 price target (up previously from $73.00) on shares of Dow Chemical in a report on Thursday, October 12th. They noted that the move was a valuation call. Jefferies Group reiterated a “buy” rating and issued a $80.00 price target on shares of Dow Chemical in a report on Sunday, October 8th. Finally, UBS Group boosted their price objective on shares of Dow Chemical from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. Dow Chemical presently has an average rating of “Buy” and a consensus price target of $80.21.
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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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