Heritage Trust Co purchased a new stake in Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,539 shares of the company’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Excalibur Management Corp bought a new position in Dow Chemical in the third quarter worth approximately $303,000. River Wealth Advisors LLC bought a new position in Dow Chemical in the third quarter worth approximately $279,000. CNA Financial Corp bought a new position in Dow Chemical in the third quarter worth approximately $3,569,000. Davidson & Garrard Inc. bought a new position in Dow Chemical in the third quarter worth approximately $4,575,000. Finally, Toronto Dominion Bank bought a new position in Dow Chemical in the third quarter worth approximately $78,199,000. Hedge funds and other institutional investors own 68.75% of the company’s stock.

In other Dow Chemical news, insider Andrew N. Liveris sold 49,449 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $71.63, for a total value of $3,542,031.87. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew N. Liveris sold 187,402 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total transaction of $13,536,046.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 495,951 shares of company stock worth $35,502,729. 0.89% of the stock is owned by insiders.

Dow Chemical Company (NYSE DWDP) opened at $74.20 on Thursday. 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 Company has a 12-month low of $56.76 and a 12-month high of $76.34. The stock has a market capitalization of $173,630.00 and a price-to-earnings ratio of 36.26.

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 consensus estimate of $0.55. Dow Chemical 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 period in the prior year, the firm earned $0.91 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. research analysts predict that Dow Chemical Company will post 3.35 earnings per share for the current year.

The company also recently announced 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 dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, November 14th.

DWDP has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $80.00 price target on shares of Dow Chemical in a research report on Wednesday, October 11th. Jefferies Group reaffirmed a “buy” rating and set a $80.00 price target on shares of Dow Chemical in a research report on Sunday, October 8th. Deutsche Bank initiated coverage on Dow Chemical in a research report on Thursday, October 5th. They set a “buy” rating and a $80.00 price target on the stock. 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 on the stock. Finally, Vertical Research reaffirmed 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. 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 company. The stock presently has a consensus rating of “Buy” and a consensus target price of $80.21.

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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.

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

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