Cohen & Steers Inc. bought a new position in Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 82,404 shares of the company’s stock, valued at approximately $5,705,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tradewinds Capital Management LLC bought a new stake in shares of Dow Chemical during the third quarter worth $101,000. Winfield Associates Inc. bought a new stake in shares of Dow Chemical during the third quarter worth $103,000. Peddock Capital Advisors LLC bought a new stake in shares of Dow Chemical during the third quarter worth $106,000. AllSquare Wealth Management LLC bought a new stake in shares of Dow Chemical during the third quarter worth $108,000. Finally, NewSquare Capital LLC bought a new stake in shares of Dow Chemical during the third quarter worth $109,000. Institutional investors own 68.75% of the company’s stock.

Several brokerages have recently issued reports on DWDP. began coverage on shares of Dow Chemical in a research report on Tuesday, September 26th. They set a “hold” rating for the company. JPMorgan Chase & Co. began coverage on shares of Dow Chemical in a research report on Friday, September 15th. They set an “overweight” rating and a $80.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and set a $80.00 price objective on shares of Dow Chemical in a research report on Wednesday, October 11th. Credit Suisse Group increased their price objective on shares of Dow Chemical from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Dow Chemical from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. Dow Chemical currently has an average rating of “Buy” and a consensus price target of $80.21.

Dow Chemical Company (DWDP) opened at $75.41 on Friday. The firm has a market cap of $176,014.05, a price-to-earnings ratio of 36.25, a P/E/G ratio of 2.16 and a beta of 1.16. Dow Chemical Company has a 12-month low of $64.01 and a 12-month high of $76.34. 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 released its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The business had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. equities analysts forecast that Dow Chemical Company will post 3.35 EPS 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 paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Tuesday, November 14th. Dow Chemical’s dividend payout ratio is currently 73.08%.

In other Dow Chemical news, insider Andrew N. Liveris sold 187,402 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total value of $13,536,046.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew N. Liveris sold 49,449 shares of the stock in a transaction on Tuesday, November 21st. The shares were 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. In the last quarter, insiders sold 495,951 shares of company stock valued at $35,502,729. Corporate insiders own 0.89% of the company’s stock.

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Dow Chemical 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.

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

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