Johnson Financial Group LLC Invests $262,000 in Dow Chemical Company (The) (DWDP)

Johnson Financial Group LLC acquired a new stake in shares of Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,797 shares of the company’s stock, valued at approximately $262,000.

Several other institutional investors also recently bought and sold shares of DWDP. Excalibur Management Corp bought a new position in shares of Dow Chemical during the 3rd quarter valued at $303,000. Toronto Dominion Bank bought a new position in shares of Dow Chemical during the 3rd quarter valued at $78,199,000. TCI Wealth Advisors Inc. bought a new position in shares of Dow Chemical during the 3rd quarter valued at $973,000. Principal Financial Group Inc. bought a new position in shares of Dow Chemical during the 3rd quarter valued at $319,529,000. Finally, Gilman Hill Asset Management LLC bought a new position in shares of Dow Chemical during the 3rd quarter valued at $1,088,000. Hedge funds and other institutional investors own 68.74% of the company’s stock.

In other news, insider Andrew N. Liveris sold 187,402 shares of Dow Chemical stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total transaction of $13,536,046.46. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Charles J. Kalil sold 78,895 shares of Dow Chemical stock in a transaction dated Tuesday, November 7th. The shares were 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. Insiders have sold a total of 495,951 shares of company stock worth $35,502,729 in the last ninety days. Insiders own 0.89% of the company’s stock.

DWDP has been the topic of a number of recent analyst reports. Jefferies Group raised their price target on shares of Dow Chemical to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 5th. Nomura initiated coverage on shares of Dow Chemical in a report on Sunday, September 3rd. They issued a “buy” rating and a $77.00 price target on the stock. UBS initiated coverage on shares of Dow Chemical in a report on Friday, September 1st. They issued a “buy” rating on the stock. Instinet reissued a “buy” rating and issued a $77.00 price target on shares of Dow Chemical in a report on Tuesday, September 5th. Finally, Bank of America initiated coverage on shares of Dow Chemical in a report on Monday, September 11th. They issued a “buy” rating and a $78.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $80.21.

Shares of Dow Chemical Company (DWDP) opened at $72.11 on Friday. The firm has a market cap of $167,636.88, a PE ratio of 34.67, a PEG ratio of 2.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01. Dow Chemical Company has a 52 week low of $56.52 and a 52 week high of $73.85.

Dow Chemical (NYSE:DWDP) last announced its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. sell-side analysts forecast that Dow Chemical Company will post 3.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Tuesday, November 14th. Dow Chemical’s payout ratio is 73.08%.

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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.

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

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