Pacer Advisors Inc. Takes $4.17 Million Position in Dow Chemical Company (The) (DWDP)
Pacer Advisors Inc. purchased a new stake in Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,287 shares of the company’s stock, valued at approximately $4,173,000.
Other hedge funds also recently modified their holdings of the company. Tradewinds Capital Management LLC bought a new stake in shares of Dow Chemical during the 3rd quarter valued at about $101,000. Winfield Associates Inc. bought a new stake in shares of Dow Chemical during the 3rd quarter valued at about $103,000. AllSquare Wealth Management LLC bought a new stake in shares of Dow Chemical during the 3rd quarter valued at about $108,000. NewSquare Capital LLC bought a new stake in shares of Dow Chemical during the 3rd quarter valued at about $109,000. Finally, Mountain Capital Investment Advisors Inc bought a new stake in shares of Dow Chemical during the 3rd quarter valued at about $114,000. 68.81% of the stock is owned by institutional investors.
Several equities research analysts recently commented on DWDP shares. Susquehanna Bancshares started coverage on Dow Chemical in a research report on Tuesday, September 5th. They set a “positive” rating and a $80.00 target price on the stock. UBS started coverage on Dow Chemical in a research report on Friday, September 1st. They set a “buy” rating on the stock. Citigroup upped their target price on Dow Chemical from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Zacks Investment Research lowered Dow Chemical from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 27th. Finally, Morgan Stanley upped their target price on Dow Chemical from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $80.21.
Dow Chemical Company (DWDP) opened at $70.00 on Monday. The stock has a market capitalization of $163,822.70, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15. 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 has a fifty-two week low of $56.52 and a fifty-two week high of $73.85.
Dow Chemical (NYSE:DWDP) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. The business had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. equities analysts expect that Dow Chemical Company will post 3.36 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 issued a $0.38 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.17%. Dow Chemical’s payout ratio is currently 73.08%.
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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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