Adirondack Research & Management Inc. bought a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,000 shares of the company’s stock, valued at approximately $623,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DWDP. Excalibur Management Corp bought a new stake in shares of Dow Chemical during the third quarter valued at approximately $303,000. TCI Wealth Advisors Inc. bought a new stake in shares of Dow Chemical during the third quarter valued at approximately $973,000. Gilman Hill Asset Management LLC bought a new stake in shares of Dow Chemical during the third quarter valued at approximately $1,088,000. Barometer Capital Management Inc. bought a new stake in shares of Dow Chemical during the third quarter valued at approximately $4,701,000. Finally, Toronto Dominion Bank bought a new stake in shares of Dow Chemical during the third quarter valued at approximately $78,199,000. Institutional investors own 68.81% of the company’s stock.

Shares of Dow Chemical Company (NYSE:DWDP) opened at $70.00 on Friday. Dow Chemical Company has a 1 year low of $64.01 and a 1 year high of $73.85. The firm has a market cap of $164,548.09, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.36 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 (NYSE:DWDP) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The company had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. Dow Chemical’s quarterly revenue was up 7.6% on a year-over-year basis. analysts forecast that Dow Chemical Company will post 3.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Tuesday, November 14th. Dow Chemical’s dividend payout ratio is presently 73.08%.

Several research firms have recently issued reports on DWDP. Zacks Investment Research upgraded shares of Dow Chemical from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Nomura lifted their price objective on shares of Dow Chemical from $77.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Citigroup lifted their price objective on shares of Dow Chemical from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. 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. Finally, began coverage on shares of Dow Chemical in a research report on Tuesday, September 26th. They set a “hold” rating on the stock. One 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’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $80.21.

In other Dow Chemical news, COO James C. Jr. Collins sold 15,000 shares of Dow Chemical stock in a transaction on Friday, November 17th. The shares were sold at an average price of $71.11, for a total transaction of $1,066,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew N. Liveris sold 49,449 shares of Dow Chemical stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $71.63, for a total transaction of $3,542,031.87. The disclosure for this sale can be found here. Insiders sold 486,287 shares of company stock worth $34,825,282 in the last 90 days. 0.89% of the stock is currently owned by company insiders.

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About Dow Chemical

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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