Apriem Advisors purchased a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,660 shares of the company’s stock, valued at approximately $1,015,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saturna Capital CORP bought a new stake in shares of Dow Chemical during the 3rd quarter worth about $44,740,000. Omnia Family Wealth LLC acquired a new position in shares of Dow Chemical during the 3rd quarter worth about $147,000. Heritage Trust Co acquired a new position in shares of Dow Chemical during the 3rd quarter worth about $245,000. Accident Compensation Corp acquired a new position in shares of Dow Chemical during the 3rd quarter worth about $6,216,000. Finally, Magnetar Financial LLC acquired a new position in shares of Dow Chemical during the 3rd quarter worth about $29,960,000. Institutional investors own 68.75% of the company’s stock.
In other news, General Counsel Charles J. Kalil sold 78,895 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total value of $5,601,545.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew N. Liveris sold 9,664 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $677,446.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 495,951 shares of company stock valued at $35,502,729. Insiders own 0.89% of the company’s stock.
Dow Chemical (NYSE:DWDP) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $18.29 billion during the quarter, compared to analysts’ expectations of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. equities research analysts expect that Dow Chemical Company will post 3.35 earnings per share for the current year.
The company 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 2.02%.
Several research firms recently weighed in on DWDP. ValuEngine raised Dow Chemical from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada reissued a “buy” rating and set a $86.00 price objective on shares of Dow Chemical in a research report on Friday, December 8th. Stephens began coverage on 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 began coverage on Dow Chemical in a research report on Monday, December 4th. They set a “buy” rating for the company. Finally, SunTrust Banks reissued a “hold” rating and set a $73.00 price objective on shares of Dow Chemical in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $80.21.
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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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