Bridgecreek Investment Management LLC purchased a new stake in Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,465 shares of the company’s stock, valued at approximately $309,000.
Other large investors have also made changes to their positions in the company. Tradewinds Capital Management LLC bought a new stake in Dow Chemical in the third quarter worth about $101,000. AllSquare Wealth Management LLC bought a new stake in Dow Chemical in the third quarter worth about $108,000. Mountain Capital Investment Advisors Inc bought a new stake in Dow Chemical in the third quarter worth about $114,000. Ironwood Financial llc bought a new stake in Dow Chemical in the third quarter worth about $120,000. Finally, Alpha Omega Wealth Management LLC bought a new stake in Dow Chemical in the third quarter worth about $126,000. 68.81% 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Charles J. Kalil sold 78,895 shares of Dow Chemical stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total transaction of $5,601,545.00. The disclosure for this sale can be found here. Insiders sold 377,982 shares of company stock worth $27,120,766 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.
Dow Chemical Company (NYSE:DWDP) opened at $71.38 on Wednesday. The stock has a market cap of $168,783.47, a P/E ratio of 19.71, a P/E/G ratio of 2.42 and a beta of 1.15. 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 1-year low of $55.24 and a 1-year high of $73.85.
Dow Chemical (NYSE:DWDP) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The company had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. During the same period last year, the company posted $0.91 earnings per share. Dow Chemical’s revenue was up 7.6% compared to the same quarter last year. equities analysts predict that Dow Chemical Company will post 3.36 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, November 14th. Dow Chemical’s dividend payout ratio is currently 73.08%.
Several analysts have issued reports on DWDP shares. Susquehanna Bancshares initiated coverage on shares of Dow Chemical in a research note on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price objective for the company. UBS initiated coverage on shares of Dow Chemical in a research report on Friday, September 1st. They set a “buy” rating on the stock. Citigroup raised their target price on shares of Dow Chemical from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Zacks Investment Research lowered shares of Dow Chemical from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 27th. Finally, Morgan Stanley raised their target price on shares of Dow Chemical from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $79.89.
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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.
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