California State Teachers Retirement System bought a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,031,551 shares of the company’s stock, valued at approximately $279,104,000.

A number of other hedge funds have also bought and sold shares of DWDP. Excalibur Management Corp purchased a new position in shares of Dow Chemical during the third quarter worth $303,000. River Wealth Advisors LLC purchased a new position in shares of Dow Chemical during the third quarter worth $279,000. CNA Financial Corp purchased a new position in shares of Dow Chemical during the third quarter worth $3,569,000. Davidson & Garrard Inc. purchased a new position in shares of Dow Chemical during the third quarter worth $4,575,000. Finally, Toronto Dominion Bank purchased a new position in shares of Dow Chemical during the third quarter worth $78,199,000. 68.74% of the stock is owned by institutional investors.

DWDP has been the subject of several research analyst reports. Argus initiated coverage on Dow Chemical in a research report on Tuesday, September 19th. They set a “buy” rating and a $81.00 price target for the company. Vertical Research restated a “buy” rating and set a $79.00 price target (up from $74.00) on shares of Dow Chemical in a research report on Saturday, September 16th. Citigroup raised their price target on Dow Chemical from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Nomura raised their price target on Dow Chemical from $77.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Finally, Bank of America initiated coverage on Dow Chemical in a research report on Monday, September 11th. They set a “buy” rating and a $78.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $80.21.

Dow Chemical Company (NYSE DWDP) opened at $75.42 on Friday. The stock has a market capitalization of $176,482.05, a price-to-earnings ratio of 36.26, a P/E/G ratio of 2.17 and a beta of 1.16. Dow Chemical Company has a fifty-two week low of $64.01 and a fifty-two week high of $75.54. 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 (NYSE:DWDP) last released its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. The firm had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. Dow Chemical’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. research analysts anticipate that Dow Chemical Company will post 3.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Tuesday, November 14th. Dow Chemical’s dividend payout ratio (DPR) is 73.08%.

In other Dow Chemical news, insider Andrew N. Liveris sold 49,449 shares of Dow Chemical stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $71.63, for a total transaction of $3,542,031.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew N. Liveris sold 9,664 shares of Dow Chemical stock in a transaction dated 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. Insiders have sold a total of 495,951 shares of company stock valued at $35,502,729 over the last ninety days. 0.89% of the stock is owned by company insiders.

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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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