Traders Buy Dow Chemical (DWDP) on Weakness
Investors bought shares of Dow Chemical Company (The) (NYSE:DWDP) on weakness during trading hours on Tuesday. $121.57 million flowed into the stock on the tick-up and $58.06 million flowed out of the stock on the tick-down, for a money net flow of $63.51 million into the stock. Of all equities tracked, Dow Chemical had the 4th highest net in-flow for the day. Dow Chemical traded down ($0.04) for the day and closed at $76.14
Several analysts have recently issued reports on DWDP shares. Zacks Investment Research cut shares of Dow Chemical from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 27th. Morgan Stanley upped their target price on shares of Dow Chemical from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Credit Suisse Group reissued an “outperform” rating and issued a $79.00 price objective (up from $73.00) on shares of Dow Chemical in a research report on Thursday, October 12th. They noted that the move was a valuation call. Jefferies Group reissued a “buy” rating and issued a $80.00 price objective on shares of Dow Chemical in a research report on Sunday, October 8th. Finally, UBS Group increased their price objective on shares of Dow Chemical from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $80.21.
The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $178,170.00 and a PE ratio of 36.63.
In other Dow Chemical news, insider Andrew N. Liveris sold 9,664 shares of the company’s 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 filing with the SEC, which is available through this link. Also, insider Andrew N. Liveris sold 187,402 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was 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 sold a total of 495,951 shares of company stock worth $35,502,729 over the last 90 days. Insiders own 0.89% of the company’s stock.
A number of hedge funds have recently modified their holdings of DWDP. Tradewinds Capital Management LLC bought a new position in Dow Chemical in the 3rd quarter worth about $101,000. Winfield Associates Inc. bought a new position in Dow Chemical in the 3rd quarter worth about $103,000. Peddock Capital Advisors LLC bought a new position in shares of Dow Chemical during the third quarter valued at approximately $106,000. AllSquare Wealth Management LLC bought a new position in shares of Dow Chemical during the third quarter valued at approximately $108,000. Finally, NewSquare Capital LLC bought a new position in shares of Dow Chemical during the third quarter valued at approximately $109,000. Institutional investors and hedge funds own 68.74% of the company’s stock.
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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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