Twin Capital Management Inc. bought a new stake in Dow Chemical Company (The) (NYSE:DWDP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 161,880 shares of the company’s stock, valued at approximately $11,207,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DWDP. Tradewinds Capital Management LLC acquired a new position in Dow Chemical in the third quarter valued at about $101,000. Winfield Associates Inc. acquired a new position in Dow Chemical in the third quarter valued at about $103,000. AllSquare Wealth Management LLC acquired a new position in Dow Chemical in the third quarter valued at about $108,000. NewSquare Capital LLC acquired a new position in Dow Chemical in the third quarter valued at about $109,000. Finally, Mountain Capital Investment Advisors Inc acquired a new position in Dow Chemical in the third quarter valued at about $114,000. 68.75% of the stock is currently owned by institutional investors.
A number of research analysts have commented on the stock. ValuEngine raised shares of Dow Chemical from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 target price on shares of Dow Chemical in a research report on Friday, December 8th. Stephens started coverage on shares of Dow Chemical in a research report on Monday, December 4th. They issued an “overweight” rating and a $83.00 target price on the stock. Goldman Sachs Group started coverage on shares of Dow Chemical in a research report on Monday, December 4th. They set a “buy” rating on the stock. Finally, SunTrust Banks reissued a “hold” rating and set a $73.00 price target on shares of Dow Chemical in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $80.21.
In other Dow Chemical news, insider Andrew N. Liveris sold 9,664 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $70.10, for a total value of $677,446.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Andrew N. Liveris sold 187,402 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total transaction of $13,536,046.46. The disclosure for this sale can be found here. Insiders have sold 495,951 shares of company stock worth $35,502,729 over the last 90 days. Insiders own 0.89% of the company’s stock.
Shares of 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. Dow Chemical Company has a one year low of $64.01 and a one year high of $76.34. The firm has a market cap of $176,460.00 and a P/E ratio of 36.25.
Dow Chemical (NYSE:DWDP) last released its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The firm had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. analysts predict that Dow Chemical Company will post 3.35 EPS for the current fiscal year.
The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.02%.
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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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