Mastrapasqua Asset Management Inc. purchased a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 122,429 shares of the company’s stock, valued at approximately $8,476,000. Dow Chemical accounts for 1.7% of Mastrapasqua Asset Management Inc.’s portfolio, making the stock its 13th biggest holding.
Several other institutional investors have also recently modified their holdings of the company. Tradewinds Capital Management LLC acquired a new position in Dow Chemical during the third quarter worth about $101,000. Winfield Associates Inc. acquired a new position in Dow Chemical during the third quarter worth about $103,000. Peddock Capital Advisors LLC acquired a new position in Dow Chemical during the third quarter worth about $106,000. AllSquare Wealth Management LLC acquired a new position in Dow Chemical during the third quarter worth about $108,000. Finally, NewSquare Capital LLC acquired a new position in Dow Chemical during the third quarter worth about $109,000. Institutional investors and hedge funds own 68.75% of the company’s stock.
Dow Chemical Company (NYSE:DWDP) opened at $75.41 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01. The stock has a market cap of $176,458.66, a P/E ratio of 20.60, a P/E/G ratio of 2.17 and a beta of 1.16. Dow Chemical Company has a one year low of $64.01 and a one year high of $76.34.
Dow Chemical (NYSE:DWDP) last announced its quarterly earnings data 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 the consensus estimate 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 prior year, the firm posted $0.91 earnings per share. research analysts forecast that Dow Chemical Company will post 3.34 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Tuesday, November 14th. Dow Chemical’s payout ratio is 73.08%.
Several research analysts have weighed in on DWDP shares. Royal Bank of Canada restated a “buy” rating and set a $80.00 target price on shares of Dow Chemical in a research report on Wednesday, October 11th. UBS Group upped their price target on shares of Dow Chemical from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 27th. Deutsche Bank assumed coverage on shares of Dow Chemical in a report on Thursday, October 5th. They issued a “buy” rating and a $80.00 price target on the stock. Morgan Stanley upped their price target on shares of Dow Chemical from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Dow Chemical from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. One equities 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. The stock presently has an average rating of “Buy” and an average target price of $80.21.
In related news, COO James C. Jr. Collins sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $71.11, for a total transaction of $1,066,650.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew N. Liveris sold 49,449 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $71.63, for a total transaction of $3,542,031.87. The disclosure for this sale can be found here. Insiders have sold 495,951 shares of company stock worth $35,502,729 in the last three months. Insiders own 0.89% of the company’s stock.
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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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