Smith Moore & CO. bought a new stake in Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 28,502 shares of the company’s stock, valued at approximately $1,973,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Excalibur Management Corp acquired a new position in Dow Chemical during the 3rd quarter valued at about $303,000. TCI Wealth Advisors Inc. acquired a new position in Dow Chemical during the 3rd quarter valued at about $973,000. Gilman Hill Asset Management LLC acquired a new position in Dow Chemical during the 3rd quarter valued at about $1,088,000. Barometer Capital Management Inc. acquired a new position in Dow Chemical during the 3rd quarter valued at about $4,701,000. Finally, State Treasurer State of Michigan acquired a new position in Dow Chemical during the 3rd quarter valued at about $49,017,000. Institutional investors own 74.82% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Dow Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Nomura boosted their target price on Dow Chemical from $77.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. Citigroup Inc. boosted their target price on Dow Chemical from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. assumed coverage on Dow Chemical in a research note on Tuesday, September 26th. They issued a “hold” rating on the stock. Finally, UBS AG boosted their target price on Dow Chemical from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $79.72.

Shares of Dow Chemical Company (NYSE DWDP) opened at $70.92 on Monday. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.29. The company has a market cap of $166,513.70, a P/E ratio of 19.44, a P/E/G ratio of 2.31 and a beta of 1.17. Dow Chemical Company has a 1-year low of $53.68 and a 1-year high of $73.85.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.14%. Dow Chemical’s payout ratio is 73.08%.

In other news, General Counsel Charles J. Kalil sold 78,895 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total transaction of $5,601,545.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Charles J. Kalil sold 40,528 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $71.51, for a total transaction 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 worth $13,584,719 in the last three months. 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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