Portland Global Advisors LLC Purchases Shares of 6,872 Dow Chemical Company (The) (DWDP)
Portland Global Advisors LLC purchased a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,872 shares of the company’s stock, valued at approximately $476,000.
A number of other institutional investors also recently made changes to their positions in the stock. Dupont Capital Management Corp bought a new stake in Dow Chemical Company (The) during the third quarter worth $884,806,000. Canada Pension Plan Investment Board bought a new position in Dow Chemical Company (The) in the 3rd quarter valued at $367,440,000. New York State Teachers Retirement System bought a new position in Dow Chemical Company (The) in the 3rd quarter valued at $268,542,000. APG Asset Management N.V. bought a new position in Dow Chemical Company (The) in the 3rd quarter valued at $257,365,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Dow Chemical Company (The) in the 3rd quarter valued at $228,998,000. Institutional investors and hedge funds own 74.82% of the company’s stock.
Dow Chemical Company (NYSE DWDP) opened at $71.16 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01. The firm has a market capitalization of $165,203.30, a price-to-earnings ratio of 19.29, a PEG ratio of 2.29 and a beta of 1.17. Dow Chemical Company has a 12 month low of $53.68 and a 12 month high of $73.85.
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, hitting the consensus estimate of $0.55. The company had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. Dow Chemical Company (The) had a return on equity of 9.73% and a net margin of 5.01%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. research analysts forecast that Dow Chemical Company will post 3.47 earnings per share for the current fiscal year.
The company 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. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.14%. Dow Chemical Company (The)’s payout ratio is 73.08%.
A number of research analysts have issued reports on DWDP shares. Morgan Stanley restated an “overweight” rating and issued a $77.00 price objective on shares of Dow Chemical Company (The) in a research note on Wednesday, September 6th. Susquehanna Bancshares Inc started coverage on Dow Chemical Company (The) in a research note on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price objective for the company. Nomura upped their price objective on Dow Chemical Company (The) from $77.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Edward Jones started coverage on 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 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the stock. Dow Chemical Company (The) has an average rating of “Buy” and a consensus price target of $79.72.
In other news, insider Jeanmarie F. Desmond sold 6,708 shares of the stock in a transaction on Wednesday, November 8th. The stock was 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 accessible through this hyperlink. Also, General Counsel Charles J. Kalil sold 40,528 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $71.51, for a total value of $2,898,157.28. The disclosure for this sale can be found here. Insiders have sold a total of 190,580 shares of company stock valued at $13,584,719 in the last quarter. 0.89% of the stock is owned by corporate insiders.
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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.
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