Knights of Columbus Asset Advisors LLC acquired a new stake in Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,985 shares of the company’s stock, valued at approximately $2,214,000. Dow Chemical comprises 1.5% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 24th largest position.
A number of other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new stake in shares of Dow Chemical during the third quarter worth $1,920,750,000. Dupont Capital Management Corp purchased a new stake in shares of Dow Chemical during the third quarter worth $884,806,000. Ameriprise Financial Inc. purchased a new stake in shares of Dow Chemical during the third quarter worth $839,246,000. Macquarie Group Ltd. purchased a new stake in shares of Dow Chemical during the third quarter worth $726,508,000. Finally, Boston Partners purchased a new stake in shares of Dow Chemical during the third quarter worth $481,355,000. Institutional investors and hedge funds own 68.74% of the company’s stock.
Dow Chemical Company (DWDP) opened at $72.11 on Monday. The company has a market capitalization of $167,636.88, a price-to-earnings ratio of 34.67, a P/E/G ratio of 2.40 and a beta of 1.15. 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 12 month low of $56.52 and a 12 month high of $73.85.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were paid a $0.38 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.11%. Dow Chemical’s dividend payout ratio is presently 73.08%.
In related news, insider Andrew N. Liveris sold 187,402 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $72.23, for a total value of $13,536,046.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew N. Liveris sold 49,449 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $71.63, for a total value of $3,542,031.87. The disclosure for this sale can be found here. In the last three months, insiders sold 495,951 shares of company stock worth $35,502,729. 0.89% of the stock is owned by insiders.
Several research analysts have recently weighed in on DWDP shares. Susquehanna Bancshares started coverage on shares of Dow Chemical in a report on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price target on the stock. UBS Group started coverage on shares of Dow Chemical in a report on Friday, September 1st. They issued a “buy” rating on the stock. Citigroup upped their price target on shares of Dow Chemical from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Zacks Investment Research cut shares of Dow Chemical from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 27th. Finally, Morgan Stanley upped their price target on shares of Dow Chemical from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. One equities research 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 stock presently has an average rating of “Buy” and an average target price of $80.21.
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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