Delpha Capital Management LLC bought a new position in shares of Dow Chemical (NYSE:DWDP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,716 shares of the company’s stock, valued at approximately $122,000.
Other hedge funds have also recently modified their holdings of the company. Financial Gravity Companies Inc. purchased a new position in Dow Chemical during the fourth quarter worth about $106,000. Tradewinds Capital Management LLC purchased a new position in Dow Chemical during the third quarter worth about $101,000. Winfield Associates Inc. purchased a new position in Dow Chemical during the third quarter worth about $103,000. Peddock Capital Advisors LLC purchased a new position in Dow Chemical during the third quarter worth about $106,000. Finally, AllSquare Wealth Management LLC purchased a new position in Dow Chemical during the third quarter worth about $108,000. 70.45% of the stock is currently owned by institutional investors.
In other Dow Chemical news, General Counsel Charles J. Kalil sold 69,400 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total transaction of $5,042,604.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald C. Edmonds sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $71.83, for a total transaction of $1,077,450.00. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
Shares of DWDP stock traded down $1.73 during trading on Friday, reaching $63.71. The company’s stock had a trading volume of 11,325,014 shares, compared to its average volume of 10,102,218. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. The stock has a market capitalization of $148,382.05, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 1.62 and a beta of 1.31. Dow Chemical has a 1-year low of $59.29 and a 1-year high of $77.08.
Dow Chemical (NYSE:DWDP) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.67 by $0.16. Dow Chemical had a net margin of 2.34% and a return on equity of 8.21%. The company had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.46 billion. The business’s revenue for the quarter was up 54.1% compared to the same quarter last year. research analysts forecast that Dow Chemical will post 4.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.39%. The ex-dividend date was Tuesday, February 27th. Dow Chemical’s dividend payout ratio (DPR) is presently 44.71%.
A number of equities research analysts have recently issued reports on DWDP shares. Zacks Investment Research raised shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, January 30th. ValuEngine raised shares of Dow Chemical from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BMO Capital Markets started coverage on shares of Dow Chemical in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $82.00 price target on the stock. Morgan Stanley set a $80.00 price target on shares of Dow Chemical and gave the company a “buy” rating in a research note on Wednesday, March 21st. Finally, HSBC raised shares of Dow Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $80.77.
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About Dow Chemical
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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