New York State Common Retirement Fund Acquires New Position in Dow Chemical Company (The) (DWDP)

New York State Common Retirement Fund acquired a new position in Dow Chemical Company (The) (NYSE:DWDP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,117,455 shares of the company’s stock, valued at approximately $423,511,000. New York State Common Retirement Fund owned approximately 0.26% of Dow Chemical as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also 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 $101,000. AllSquare Wealth Management LLC acquired a new position in shares of Dow Chemical during the third quarter valued at $108,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Dow Chemical during the third quarter valued at $114,000. Ironwood Financial llc acquired a new position in shares of Dow Chemical during the third quarter valued at $120,000. Finally, Alpha Omega Wealth Management LLC acquired a new position in shares of Dow Chemical during the third quarter valued at $126,000. 68.81% of the stock is currently owned by institutional investors.

Shares of Dow Chemical Company (NYSE DWDP) traded up $1.12 during trading on Tuesday, hitting $72.13. The company’s stock had a trading volume of 8,568,600 shares, compared to its average volume of 6,331,471. Dow Chemical Company has a 12 month low of $55.24 and a 12 month high of $73.85. The company has a market capitalization of $166,162.69, a P/E ratio of 19.40, a P/E/G ratio of 2.38 and a beta of 1.15. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.29.

Dow Chemical (NYSE:DWDP) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the 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 the consensus estimate of $18.24 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities research analysts expect that Dow Chemical Company will post 3.36 EPS 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 of this dividend is Tuesday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.11%. Dow Chemical’s dividend payout ratio (DPR) is currently 73.08%.

DWDP has been the subject of a number of recent analyst reports. Jefferies Group upped their price objective on Dow Chemical to $80.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. Nomura initiated coverage on Dow Chemical in a report on Sunday, September 3rd. They issued a “buy” rating and a $77.00 price objective for the company. UBS initiated coverage on Dow Chemical in a report on Friday, September 1st. They issued a “buy” rating for the company. Instinet reiterated a “buy” rating and issued a $77.00 price objective on shares of Dow Chemical in a report on Tuesday, September 5th. Finally, Bank of America initiated coverage on Dow Chemical in a report on Monday, September 11th. They issued a “buy” rating and a $78.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $79.89.

In related news, insider Andrew N. Liveris sold 49,449 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $71.63, for a total transaction of $3,542,031.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Charles J. Kalil sold 78,895 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total value of $5,601,545.00. The disclosure for this sale can be found here. Insiders sold 190,580 shares of company stock valued at $13,584,719 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “New York State Common Retirement Fund Acquires New Position in Dow Chemical Company (The) (DWDP)” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.com-unik.info/2017/12/05/new-york-state-common-retirement-fund-acquires-new-position-in-dow-chemical-company-the-dwdp.html.

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)

What are top analysts saying about Dow Chemical Company (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dow Chemical Company (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit