Texas Yale Capital Corp. bought a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 85,112 shares of the company’s stock, valued at approximately $5,892,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tradewinds Capital Management LLC bought a new position in shares of Dow Chemical during the third quarter valued at approximately $101,000. Winfield Associates Inc. bought a new position in shares of Dow Chemical during the third quarter valued at approximately $103,000. AllSquare Wealth Management LLC bought a new position in shares of Dow Chemical during the third quarter valued at approximately $108,000. NewSquare Capital LLC bought a new position in shares of Dow Chemical during the third quarter valued at approximately $109,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in shares of Dow Chemical during the third quarter valued at approximately $114,000. 68.75% of the stock is currently owned by institutional investors and hedge funds.
Dow Chemical Company (DWDP) traded up $0.19 on Friday, reaching $75.41. The company’s stock had a trading volume of 4,809,800 shares, compared to its average volume of 7,220,000. The firm has a market capitalization of $176,460.00 and a P/E ratio of 36.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.38. Dow Chemical Company has a 12-month low of $64.01 and a 12-month high of $76.34.
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 analysts’ consensus estimates of $0.55. The firm had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. research analysts predict that Dow Chemical Company will post 3.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.02%.
In other Dow Chemical news, insider Andrew N. Liveris sold 9,664 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $677,446.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew N. Liveris sold 49,449 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $71.63, for a total value of $3,542,031.87. The disclosure for this sale can be found here. Insiders sold 495,951 shares of company stock worth $35,502,729 in the last ninety days. 0.89% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on DWDP shares. JPMorgan Chase & Co. started coverage on Dow Chemical in a report on Friday, September 15th. They set an “overweight” rating and a $80.00 target price for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $80.00 target price on shares of Dow Chemical in a report on Wednesday, October 11th. UBS Group upped their target price on Dow Chemical from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 27th. Deutsche Bank assumed coverage on Dow Chemical in a research report on Thursday, October 5th. They set a “buy” rating and a $80.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Dow Chemical from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $80.21.
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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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