San Francisco Sentry Investment Group CA cut its position in shares of Dow Chemical (NYSE:DWDP) by 28.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,326 shares of the company’s stock after selling 7,658 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Dow Chemical were worth $1,232,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Dow Chemical by 21.2% during the fourth quarter. Signaturefd LLC now owns 10,861 shares of the company’s stock worth $774,000 after buying an additional 1,897 shares in the last quarter. Cedar Hill Associates LLC purchased a new stake in Dow Chemical during the third quarter worth $520,000. HBK Sorce Advisory LLC boosted its holdings in Dow Chemical by 22.8% during the fourth quarter. HBK Sorce Advisory LLC now owns 33,852 shares of the company’s stock worth $2,411,000 after buying an additional 6,286 shares in the last quarter. Clearbridge Investments LLC raised its position in Dow Chemical by 6.4% during the fourth quarter. Clearbridge Investments LLC now owns 8,223,515 shares of the company’s stock worth $585,679,000 after acquiring an additional 494,412 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Dow Chemical during the third quarter worth $178,591,000. 70.14% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Ronald C. Edmonds sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $71.83, for a total transaction of $1,077,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Charles J. Kalil sold 69,400 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.66, for a total transaction of $5,042,604.00. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.
A number of equities analysts have weighed in on the stock. Barclays upgraded shares of Dow Chemical from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, January 30th. Nomura upped their price objective on shares of Dow Chemical from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Jefferies Group restated a “buy” rating and set a $85.00 price objective on shares of Dow Chemical in a research report on Friday, February 2nd. Finally, ValuEngine upgraded shares of Dow Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Dow Chemical presently has a consensus rating of “Buy” and a consensus price target of $80.73.
Shares of Dow Chemical opened at $66.93 on Monday, according to MarketBeat.com. The stock has a market capitalization of $155.88 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The company has a quick ratio of 1.21, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. Dow Chemical has a 52 week low of $59.29 and a 52 week high of $77.08.
Dow Chemical (NYSE:DWDP) last issued its earnings results on Thursday, May 3rd. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. The business had revenue of $21.51 billion during the quarter, compared to analysts’ expectations of $21.31 billion. Dow Chemical had a net margin of 2.37% and a return on equity of 8.01%. Dow Chemical’s revenue for the quarter was up 62.6% compared to the same quarter last year. equities research analysts predict that Dow Chemical will post 4.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Wednesday, May 30th. Dow Chemical’s dividend payout ratio (DPR) is 44.71%.
Dow Chemical Profile
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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