Robecosam AG Takes $8.99 Million Position in Dow Chemical Company (The) (DWDP)
Robecosam AG purchased a new position in Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 130,107 shares of the company’s stock, valued at approximately $8,985,000.
A number of other large investors also recently bought and sold shares of DWDP. Tradewinds Capital Management LLC acquired a new position in shares of Dow Chemical during the third quarter valued at about $101,000. Winfield Associates Inc. acquired a new position in shares of Dow Chemical during the third quarter valued at about $103,000. AllSquare Wealth Management LLC acquired a new position in shares of Dow Chemical during the third quarter valued at about $108,000. NewSquare Capital LLC acquired a new position in shares of Dow Chemical during the third quarter valued at about $109,000. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Dow Chemical during the third quarter valued at about $114,000. Institutional investors and hedge funds own 68.74% of the company’s stock.
A number of brokerages have recently issued reports on DWDP. UBS Group lifted their price objective on shares of Dow Chemical from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 27th. Morgan Stanley lifted their price objective on shares of Dow Chemical from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Dow Chemical from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Stephens began coverage on shares of Dow Chemical in a report on Monday, December 4th. They set an “overweight” rating and a $83.00 price objective for the company. Finally, Credit Suisse Group restated an “outperform” rating and set a $79.00 price target (up from $73.00) on shares of Dow Chemical in a report on Thursday, October 12th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $80.21.
Dow Chemical Company (NYSE:DWDP) opened at $72.11 on Friday. Dow Chemical Company has a twelve month low of $56.52 and a twelve month high of $73.85. The firm has a market cap of $167,636.88, a PE ratio of 34.67, a P/E/G ratio of 2.40 and a beta of 1.15. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29.
Dow Chemical (NYSE:DWDP) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The business had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. analysts predict that Dow Chemical Company will post 3.36 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Tuesday, November 14th. Dow Chemical’s dividend payout ratio is 73.08%.
In other Dow Chemical news, insider Andrew N. Liveris sold 9,664 shares of Dow Chemical stock in a transaction dated 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 accessible through this link. Also, insider Jeanmarie F. Desmond sold 6,708 shares of Dow Chemical stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total transaction of $476,335.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 495,951 shares of company stock worth $35,502,729. Insiders own 0.89% of the company’s stock.
Dow Chemical 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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