Mountain Capital Investment Advisors Inc acquired a new stake in shares of Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,651 shares of the company’s stock, valued at approximately $114,000.

Other institutional investors have also recently modified their holdings of the company. Excalibur Management Corp purchased a new position in Dow Chemical Company (The) in the third quarter worth about $303,000. TCI Wealth Advisors Inc. purchased a new position in Dow Chemical Company (The) in the third quarter worth about $973,000. Gilman Hill Asset Management LLC purchased a new position in Dow Chemical Company (The) in the third quarter worth about $1,088,000. Barometer Capital Management Inc. purchased a new position in Dow Chemical Company (The) in the third quarter worth about $4,701,000. Finally, State Treasurer State of Michigan purchased a new position in Dow Chemical Company (The) in the third quarter worth about $49,017,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

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Shares of Dow Chemical Company (NYSE DWDP) opened at $70.60 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01. Dow Chemical Company has a 12 month low of $53.68 and a 12 month high of $73.85. The firm has a market cap of $166,747.69, a P/E ratio of 19.47, a PEG ratio of 2.31 and a beta of 1.17.

Dow Chemical Company (The) (NYSE:DWDP) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Dow Chemical Company (The) had a net margin of 5.01% and a return on equity of 9.73%. The firm had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. sell-side analysts expect that Dow Chemical Company will post 3.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, November 14th. Dow Chemical Company (The)’s dividend payout ratio is presently 73.08%.

In other news, insider Jeanmarie F. Desmond sold 6,708 shares of Dow Chemical Company (The) stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total transaction of $476,335.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO James C. Jr. Collins sold 15,000 shares of Dow Chemical Company (The) stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold 100,603 shares of company stock valued at $7,144,530 in the last ninety days. Insiders own 0.89% of the company’s stock.

Several research analysts recently commented on DWDP shares. Morgan Stanley reiterated an “overweight” rating and issued a $77.00 price target on shares of Dow Chemical Company (The) in a research report on Wednesday, September 6th. Susquehanna Bancshares Inc started coverage on Dow Chemical Company (The) in a research report on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price target for the company. Nomura raised their price objective on shares of Dow Chemical Company (The) from $77.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. Edward Jones started coverage on shares of Dow Chemical Company (The) in a research note on Friday, September 1st. They issued a “hold” rating for the company. Finally, J P Morgan Chase & Co started coverage on shares of Dow Chemical Company (The) in a research note on Friday, September 15th. They issued an “overweight” rating and a $80.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Dow Chemical Company (The) currently has an average rating of “Buy” and a consensus target price of $79.72.

Dow Chemical Company (The) 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.

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

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