Brookstone Capital Management bought a new stake in Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 84,608 shares of the company’s stock, valued at approximately $5,857,000.

Other institutional investors have also recently modified their holdings of the company. First Quadrant L P CA bought a new stake in Dow Chemical Company (The) during the 3rd quarter worth approximately $159,000. Grace & White Inc. NY bought a new stake in Dow Chemical Company (The) during the 3rd quarter worth approximately $200,000. Weatherly Asset Management L. P. bought a new stake in Dow Chemical Company (The) during the 3rd quarter worth approximately $204,000. Osborne Partners Capital Management LLC bought a new stake in Dow Chemical Company (The) during the 3rd quarter worth approximately $205,000. Finally, Summit X LLC bought a new stake in Dow Chemical Company (The) during the 3rd quarter worth approximately $208,000. 74.82% of the stock is owned by institutional investors and hedge funds.

DWDP has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and set a $77.00 price objective on shares of Dow Chemical Company (The) in a report on Wednesday, September 6th. Susquehanna Bancshares Inc initiated coverage on Dow Chemical Company (The) in a report on Tuesday, September 5th. They set a “positive” rating and a $80.00 price objective for the company. Nomura boosted their price objective on Dow Chemical Company (The) from $77.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Edward Jones initiated coverage on Dow Chemical Company (The) in a report on Friday, September 1st. They set a “hold” rating for the company. Finally, J P Morgan Chase & Co initiated coverage on Dow Chemical Company (The) in a report on Friday, September 15th. They set an “overweight” rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company. Dow Chemical Company (The) currently has a consensus rating of “Buy” and an average price target of $79.72.

In related news, General Counsel Charles J. Kalil sold 78,895 shares of the company’s 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total value of $476,335.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,603 shares of company stock worth $7,144,530. 0.89% of the stock is owned by company insiders.

Dow Chemical Company (NYSE:DWDP) opened at $71.26 on Wednesday. Dow Chemical Company has a 12 month low of $53.65 and a 12 month high of $73.85. The firm has a market capitalization of $166,750.00 and a P/E ratio of 19.36. 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 Company (The) (NYSE:DWDP) last announced its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. Dow Chemical Company (The) had a return on equity of 9.73% and a net margin of 5.01%. The firm had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.24 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. research analysts forecast that Dow Chemical Company will post 3.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.13%.

COPYRIGHT VIOLATION NOTICE: “Brookstone Capital Management Buys New Stake in Dow Chemical Company (The) (DWDP)” was first posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/brookstone-capital-management-buys-new-stake-in-dow-chemical-company-the-dwdp/1719370.html.

Dow Chemical Company (The) 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.

Want to see what other hedge funds are holding DWDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Company (The) (NYSE:DWDP).

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

Receive News & Ratings for Dow Chemical Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.