Winfield Associates Inc. bought a new position in Dow Chemical Company (The) (NYSE:DWDP) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,482 shares of the company’s stock, valued at approximately $103,000.
Other institutional investors also recently made changes to their positions in the company. Tradewinds Capital Management LLC purchased a new stake in Dow Chemical in the 3rd quarter worth $101,000. AllSquare Wealth Management LLC purchased a new stake in Dow Chemical in the 3rd quarter worth $108,000. Mountain Capital Investment Advisors Inc purchased a new stake in Dow Chemical in the 3rd quarter worth $114,000. Ironwood Financial llc purchased a new stake in Dow Chemical in the 3rd quarter worth $120,000. Finally, Alpha Omega Wealth Management LLC purchased a new stake in Dow Chemical in the 3rd quarter worth $126,000. 68.81% of the stock is currently owned by institutional investors.
Dow Chemical Company (DWDP) opened at $71.38 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.38. Dow Chemical Company has a 1-year low of $55.24 and a 1-year high of $73.85. The company has a market cap of $168,783.47, a PE ratio of 19.71, a P/E/G ratio of 2.42 and a beta of 1.15.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, November 14th. Dow Chemical’s payout ratio is currently 73.08%.
In other Dow Chemical news, insider Jeanmarie F. Desmond sold 6,708 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total value of $476,335.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Charles J. Kalil sold 78,895 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total transaction of $5,601,545.00. 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. 0.89% of the stock is owned by insiders.
DWDP has been the subject of a number of analyst reports. Jefferies Group increased their price target on Dow Chemical to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, September 5th. Nomura initiated coverage on Dow Chemical in a research report on Sunday, September 3rd. They set a “buy” rating and a $77.00 price objective 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. Instinet restated a “buy” rating and set a $77.00 price objective on shares of Dow Chemical in a research report on Tuesday, September 5th. Finally, Bank of America initiated coverage on Dow Chemical in a research report on Monday, September 11th. They set a “buy” rating and a $78.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $79.89.
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Dow Chemical Company 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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