South Dakota Investment Council Buys Shares of 94,352 Dow Chemical Company (The) (DWDP)

South Dakota Investment Council bought a new position in Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 94,352 shares of the company’s stock, valued at approximately $6,532,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tradewinds Capital Management LLC bought a new stake in Dow Chemical during the 3rd quarter worth about $101,000. Winfield Associates Inc. bought a new stake in Dow Chemical during the 3rd quarter worth about $103,000. AllSquare Wealth Management LLC bought a new stake in Dow Chemical during the 3rd quarter worth about $108,000. NewSquare Capital LLC bought a new stake in Dow Chemical during the 3rd quarter worth about $109,000. Finally, Mountain Capital Investment Advisors Inc bought a new stake in Dow Chemical during the 3rd quarter worth about $114,000. 68.74% of the stock is owned by hedge funds and other institutional investors.

In other Dow Chemical news, COO James C. Jr. Collins sold 15,000 shares of the stock in a transaction dated Friday, November 17th. The shares were 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 through this link. Also, insider Andrew N. Liveris sold 9,664 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $70.10, for a total transaction of $677,446.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 495,951 shares of company stock worth $35,502,729. Insiders own 0.89% of the company’s stock.

A number of brokerages have recently issued reports on DWDP. Cowen began coverage on shares of Dow Chemical in a report on Friday, September 1st. They issued a “market perform” rating on the stock. Stephens began coverage on shares of Dow Chemical in a report on Monday, December 4th. They issued an “overweight” rating and a $83.00 target price on the stock. Monness Crespi & Hardt began coverage on shares of Dow Chemical in a report on Tuesday, September 12th. They issued a “neutral” rating on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 target price on shares of Dow Chemical in a report on Friday, December 8th. Finally, Argus began coverage on shares of Dow Chemical in a report on Tuesday, September 19th. They issued a “buy” rating and a $81.00 target price on the stock. One equities 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 company. Dow Chemical currently has a consensus rating of “Buy” and a consensus target price of $80.21.

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 price-to-earnings-growth ratio of 2.40 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 Company has a fifty-two week low of $56.52 and a fifty-two week high of $73.85.

Dow Chemical (NYSE:DWDP) last released 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 firm had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. equities research analysts anticipate that Dow Chemical Company will post 3.36 earnings per share for the current year.

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

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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.

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

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