Investors Sell Dow Chemical (DWDP) on Strength (DWDP)

Investors sold shares of Dow Chemical Company (The) (NYSE:DWDP) on strength during trading on Thursday. $95.36 million flowed into the stock on the tick-up and $270.49 million flowed out of the stock on the tick-down, for a money net flow of $175.13 million out of the stock. Of all equities tracked, Dow Chemical had the 0th highest net out-flow for the day. Dow Chemical traded up $0.26 for the day and closed at $76.03

DWDP has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Dow Chemical from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 27th. Morgan Stanley increased their price target on shares of Dow Chemical from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Credit Suisse Group reiterated an “outperform” rating and issued a $79.00 price target (up from $73.00) on shares of Dow Chemical in a research 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 research report on Sunday, October 8th. Finally, UBS Group increased their price target on shares of Dow Chemical from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the stock. Dow Chemical currently has a consensus rating of “Buy” and a consensus target price of $80.21.

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 company has a market cap of $177,860.00 and a price-to-earnings ratio of 36.54.

Dow Chemical (NYSE:DWDP) last announced its earnings results on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. The firm 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 business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. research analysts forecast that Dow Chemical Company will post 3.34 earnings per share for the current fiscal year.

In other news, General Counsel Charles J. Kalil sold 78,895 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total transaction of $5,601,545.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total transaction of $476,335.08. The disclosure for this sale can be found here. Insiders have sold a total of 495,951 shares of company stock valued at $35,502,729 over the last ninety days. Company insiders own 0.89% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Tradewinds Capital Management LLC bought a new position in shares of Dow Chemical in the third quarter valued at $101,000. Winfield Associates Inc. bought a new position in shares of Dow Chemical in the third quarter valued at $103,000. Peddock Capital Advisors LLC bought a new position in shares of Dow Chemical in the third quarter valued at $106,000. AllSquare Wealth Management LLC bought a new position in shares of Dow Chemical in the third quarter valued at $108,000. Finally, NewSquare Capital LLC bought a new position in shares of Dow Chemical in the third quarter valued at $109,000. 68.77% of the stock is owned by institutional investors.

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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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