Strategy Asset Managers LLC Invests $17.06 Million in Dow Chemical Company (The) (DWDP) Stock
Strategy Asset Managers LLC acquired a new position in Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 246,448 shares of the company’s stock, valued at approximately $17,062,000. Dow Chemical accounts for 3.5% of Strategy Asset Managers LLC’s holdings, making the stock its biggest position.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DWDP. Tradewinds Capital Management LLC purchased a new position in shares of Dow Chemical in the 3rd quarter valued at approximately $101,000. Winfield Associates Inc. purchased a new position in shares of Dow Chemical in the 3rd quarter valued at approximately $103,000. AllSquare Wealth Management LLC purchased a new position in shares of Dow Chemical in the 3rd quarter valued at approximately $108,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Dow Chemical in the 3rd quarter valued at approximately $114,000. Finally, Ironwood Financial llc purchased a new position in shares of Dow Chemical in the 3rd quarter valued at approximately $120,000. Institutional investors and hedge funds own 68.81% of the company’s stock.
DWDP has been the subject of a number of research analyst reports. Jefferies Group raised their target price on Dow Chemical to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 5th. Nomura initiated coverage on Dow Chemical in a research note on Sunday, September 3rd. They issued a “buy” rating and a $77.00 target price for the company. UBS initiated coverage on Dow Chemical in a research note on Friday, September 1st. They issued a “buy” rating for the company. Instinet restated a “buy” rating and issued a $77.00 target price on shares of Dow Chemical in a research note on Tuesday, September 5th. Finally, Bank of America initiated coverage on Dow Chemical in a research note on Monday, September 11th. They issued a “buy” rating and a $78.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $79.89.
In other Dow Chemical news, insider Andrew N. Liveris sold 49,449 shares of Dow Chemical stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $71.63, for a total value of $3,542,031.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew N. Liveris sold 187,402 shares of Dow Chemical stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $72.23, for a total value of $13,536,046.46. The disclosure for this sale can be found here. In the last three months, insiders sold 377,982 shares of company stock valued at $27,120,766. Corporate insiders own 0.89% of the company’s stock.
Dow Chemical Company (DWDP) traded down $0.46 during mid-day trading on Thursday, reaching $71.08. The company had a trading volume of 5,718,900 shares, compared to its average volume of 6,338,747. Dow Chemical Company has a one year low of $55.94 and a one year high of $73.85. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29. The company has a market cap of $167,402.89, a price-to-earnings ratio of 19.55, a PEG ratio of 2.40 and a beta of 1.15.
Dow Chemical (NYSE:DWDP) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The company had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. During the same quarter last year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. equities research analysts predict that Dow Chemical Company will post 3.36 earnings per share for the current year.
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, November 14th. Dow Chemical’s payout ratio is 73.08%.
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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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