Bingham Osborn & Scarborough LLC Takes $847,000 Position in Dow Chemical Company (The) (DWDP)

Bingham Osborn & Scarborough LLC purchased a new stake in shares of Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to its most recent filing with the SEC. The firm purchased 12,238 shares of the company’s stock, valued at approximately $847,000.

Other hedge funds also recently bought and sold shares of the company. Tradewinds Capital Management LLC acquired a new stake in shares of Dow Chemical during the 3rd quarter valued at approximately $101,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Dow Chemical during the 3rd quarter valued at approximately $114,000. Ironwood Financial llc acquired a new stake in shares of Dow Chemical during the 3rd quarter valued at approximately $120,000. Alpha Omega Wealth Management LLC acquired a new stake in shares of Dow Chemical during the 3rd quarter valued at approximately $126,000. Finally, Private Asset Management Inc. acquired a new stake in shares of Dow Chemical during the 3rd quarter valued at approximately $1,953,000. Institutional investors own 68.77% of the company’s stock.

Dow Chemical Company (DWDP) opened at $71.01 on Friday. 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 $166,162.69, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16. Dow Chemical Company has a twelve month low of $55.24 and a twelve month high of $73.85.

Dow Chemical (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The company 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%. Dow Chemical’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. equities research analysts anticipate that Dow Chemical Company will post 3.36 earnings per share for the current fiscal year.

The firm 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. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.14%. Dow Chemical’s dividend payout ratio (DPR) is presently 73.08%.

DWDP has been the subject of a number of research reports. Susquehanna Bancshares initiated coverage on shares of Dow Chemical in a research report on Tuesday, September 5th. They set a “positive” rating and a $80.00 price target for the company. UBS initiated coverage on Dow Chemical in a research report on Friday, September 1st. They set a “buy” rating for the company. Citigroup lifted their price objective on 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 downgraded Dow Chemical from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 27th. Finally, Morgan Stanley lifted 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 analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $79.72.

In other Dow Chemical news, General Counsel Charles J. Kalil sold 78,895 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total value of $5,601,545.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James C. Jr. Collins sold 15,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $71.11, for a total value of $1,066,650.00. The disclosure for this sale can be found here. Insiders sold a total of 190,580 shares of company stock valued at $13,584,719 over the last quarter. 0.89% of the stock is currently owned by insiders.

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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.

Institutional Ownership by Quarter for Dow Chemical (NYSE:DWDP)

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