Sanctuary Wealth Advisors LLC acquired a new position in Dow Chemical Company (The) (NYSE:DWDP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,150 shares of the company’s stock, valued at approximately $218,000.
Other institutional investors also recently bought and sold shares of the company. Dupont Capital Management Corp bought a new stake in Dow Chemical in the third quarter worth approximately $884,806,000. Boston Partners bought a new stake in Dow Chemical in the third quarter worth approximately $481,355,000. New York State Common Retirement Fund bought a new stake in Dow Chemical in the third quarter worth approximately $423,511,000. Canada Pension Plan Investment Board bought a new stake in Dow Chemical in the third quarter worth approximately $367,440,000. Finally, Principal Financial Group Inc. bought a new stake in Dow Chemical in the third quarter worth approximately $319,529,000. 68.81% of the stock is currently owned by institutional investors.
In other Dow Chemical news, COO James C. Jr. Collins sold 15,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $71.11, for a total value of $1,066,650.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total value of $476,335.08. The disclosure for this sale can be found here. In the last three months, insiders sold 377,982 shares of company stock worth $27,120,766. Insiders own 0.89% of the company’s stock.
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 Thomson Reuters’ consensus estimate of $0.55. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The business had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. Dow Chemical’s revenue was up 7.6% compared to the same quarter last year. sell-side analysts anticipate that Dow Chemical Company will post 3.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.14%. Dow Chemical’s dividend payout ratio is currently 73.08%.
Several research firms have recently commented on DWDP. Stephens began coverage on Dow Chemical in a report on Monday. They set an “overweight” rating and a $83.00 price objective for the company. Goldman Sachs Group began coverage on Dow Chemical in a report on Monday. They set a “buy” rating for the company. SunTrust Banks restated a “hold” rating and set a $73.00 price objective on shares of Dow Chemical in a report on Friday, November 10th. UBS boosted their price objective on Dow Chemical from $82.00 to $85.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Credit Suisse Group boosted their price objective on Dow Chemical from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $79.89.
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.
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.