Skba Capital Management LLC Acquires New Holdings in Dow Chemical (DWDP)

Skba Capital Management LLC acquired a new position in Dow Chemical (NYSE:DWDP) during the first quarter, HoldingsChannel reports. The institutional investor acquired 134,200 shares of the company’s stock, valued at approximately $8,550,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Dow Chemical by 0.7% during the fourth quarter. BlackRock Inc. now owns 156,234,472 shares of the company’s stock worth $11,127,020,000 after purchasing an additional 1,138,483 shares during the period. Geode Capital Management LLC boosted its position in Dow Chemical by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 23,283,514 shares of the company’s stock worth $1,654,570,000 after purchasing an additional 797,843 shares during the period. Alliancebernstein L.P. boosted its position in Dow Chemical by 8.5% during the fourth quarter. Alliancebernstein L.P. now owns 11,347,134 shares of the company’s stock worth $808,143,000 after purchasing an additional 888,106 shares during the period. Swiss National Bank boosted its position in Dow Chemical by 0.4% during the fourth quarter. Swiss National Bank now owns 8,607,534 shares of the company’s stock worth $613,029,000 after purchasing an additional 37,600 shares during the period. Finally, Clearbridge Investments LLC boosted its position in Dow Chemical by 6.4% during the fourth quarter. Clearbridge Investments LLC now owns 8,223,515 shares of the company’s stock worth $585,679,000 after purchasing an additional 494,412 shares during the period. Hedge funds and other institutional investors own 69.54% of the company’s stock.

Shares of Dow Chemical opened at $68.63 on Tuesday, Marketbeat reports. The firm has a market capitalization of $157.37 billion, a P/E ratio of 20.19, a PEG ratio of 1.70 and a beta of 1.30. Dow Chemical has a one year low of $60.38 and a one year high of $77.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 1.21.

Dow Chemical (NYSE:DWDP) last issued its earnings results on Thursday, May 3rd. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.08 by $0.04. The firm had revenue of $21.51 billion during the quarter, compared to analysts’ expectations of $21.31 billion. Dow Chemical had a return on equity of 8.01% and a net margin of 2.37%. The firm’s revenue for the quarter was up 62.6% on a year-over-year basis. sell-side analysts predict that Dow Chemical will post 4.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.52 annualized dividend and a yield of 2.21%. Dow Chemical’s dividend payout ratio (DPR) is currently 44.71%.

In other Dow Chemical news, General Counsel Charles J. Kalil sold 69,400 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.66, for a total transaction of $5,042,604.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ronald C. Edmonds sold 15,000 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $71.83, for a total value of $1,077,450.00. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

DWDP has been the subject of a number of recent analyst reports. Zacks Investment Research raised Dow Chemical from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, January 30th. Barclays raised Dow Chemical from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 31st. Nomura increased their price objective on Dow Chemical from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Jefferies Group reissued a “buy” rating and issued a $85.00 price objective on shares of Dow Chemical in a research report on Friday, February 2nd. Finally, ValuEngine raised Dow Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Six research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $81.13.

About Dow Chemical

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.

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

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