Colony Group LLC Invests $19.74 Million in Dow Chemical Company (The) (DWDP) Stock

Colony Group LLC bought a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 285,076 shares of the company’s stock, valued at approximately $19,736,000. Dow Chemical makes up approximately 1.3% of Colony Group LLC’s investment portfolio, making the stock its 13th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Curbstone Financial Management Corp acquired a new stake in shares of Dow Chemical during the third quarter worth approximately $2,872,000. Eqis Capital Management Inc. acquired a new stake in shares of Dow Chemical during the third quarter worth approximately $397,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of Dow Chemical during the third quarter worth approximately $15,334,000. McQueen Ball & Associates Inc. acquired a new stake in shares of Dow Chemical during the third quarter worth approximately $650,000. Finally, Private Asset Management Inc. acquired a new stake in shares of Dow Chemical during the third quarter worth approximately $1,953,000. 68.74% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Andrew N. Liveris sold 187,402 shares of Dow Chemical stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $72.23, for a total transaction of $13,536,046.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeanmarie F. Desmond sold 6,708 shares of Dow Chemical stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total value 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 90 days. Corporate insiders own 0.89% of the company’s stock.

Dow Chemical Company (NYSE DWDP) opened at $76.18 on Tuesday. The stock has a market capitalization of $178,260.00 and a PE ratio of 36.63. Dow Chemical Company has a fifty-two week low of $64.01 and a fifty-two week high of $76.65. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29.

Dow Chemical (NYSE:DWDP) last released its 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 firm had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. Dow Chemical’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. analysts anticipate that Dow Chemical Company will post 3.34 EPS for the current year.

DWDP has been the topic of several research analyst reports. Zacks Investment Research cut Dow Chemical from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 27th. Morgan Stanley raised their price objective on Dow Chemical from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Credit Suisse Group restated an “outperform” rating and set a $79.00 price objective (up from $73.00) on shares of Dow Chemical in a research note on Thursday, October 12th. They noted that the move was a valuation call. Jefferies Group restated a “buy” rating and set a $80.00 price objective on shares of Dow Chemical in a research note on Sunday, October 8th. Finally, UBS Group raised their price objective on Dow Chemical from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $80.21.

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Dow Chemical Company 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.

Institutional Ownership by Quarter for Dow Chemical (NYSE:DWDP)

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