2,819,176 Shares in Dow Chemical Company (The) (DWDP) Purchased by Stifel Financial Corp

Stifel Financial Corp purchased a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,819,176 shares of the company’s stock, valued at approximately $195,134,000. Dow Chemical accounts for about 0.7% of Stifel Financial Corp’s portfolio, making the stock its 20th largest position. Stifel Financial Corp owned approximately 0.12% of Dow Chemical as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in Dow Chemical during the 3rd quarter worth approximately $2,095,726,000. Bank of New York Mellon Corp acquired a new position in Dow Chemical during the 3rd quarter worth approximately $1,920,750,000. Wells Fargo & Company MN acquired a new position in Dow Chemical during the 3rd quarter worth approximately $1,111,269,000. Third Point LLC acquired a new position in Dow Chemical during the 3rd quarter worth approximately $1,041,116,000. Finally, Dupont Capital Management Corp acquired a new position in Dow Chemical during the 3rd quarter worth approximately $884,806,000. 68.74% of the stock is owned by institutional investors.

Dow Chemical Company (NYSE DWDP) opened at $75.42 on Friday. 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 $64.01 and a 12-month high of $75.54. The stock has a market cap of $176,480.00 and a P/E ratio of 35.79.

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, meeting the Thomson Reuters’ consensus estimate of $0.55. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The firm had revenue of $18.29 billion during the quarter, compared to analysts’ expectations of $18.24 billion. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue was up 7.6% on a year-over-year basis. equities research analysts predict that Dow Chemical Company will post 3.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Tuesday, November 14th.

In other news, insider Andrew N. Liveris sold 187,402 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total value of $13,536,046.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Andrew N. Liveris sold 9,664 shares of the company’s stock in a transaction on 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 ninety days, insiders sold 495,951 shares of company stock worth $35,502,729. Insiders own 0.89% of the company’s stock.

A number of equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Dow Chemical from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada reiterated a “buy” rating and set a $86.00 price objective on shares of Dow Chemical in a research report on Friday, December 8th. Stephens assumed coverage on shares of Dow Chemical in a research report on Monday, December 4th. They set an “overweight” rating and a $83.00 price objective for the company. Goldman Sachs Group assumed coverage on shares of Dow Chemical in a research report on Monday, December 4th. They set a “buy” rating for the company. Finally, SunTrust Banks reiterated a “hold” rating and set a $73.00 price objective on shares of Dow Chemical in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $80.21.

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

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