Welch Capital Partners LLC NY Takes Position in Dow Chemical Company (The) (DWDP)
Welch Capital Partners LLC NY bought a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,281 shares of the company’s stock, valued at approximately $366,000.
Several other institutional investors have also recently bought and sold shares of the business. Tradewinds Capital Management LLC purchased a new stake in shares of Dow Chemical during the 3rd quarter worth approximately $101,000. Winfield Associates Inc. purchased a new stake in shares of Dow Chemical during the 3rd quarter worth approximately $103,000. AllSquare Wealth Management LLC purchased a new stake in shares of Dow Chemical during the 3rd quarter worth approximately $108,000. NewSquare Capital LLC purchased a new stake in shares of Dow Chemical during the 3rd quarter worth approximately $109,000. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in shares of Dow Chemical during the 3rd quarter worth approximately $114,000. 68.74% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on DWDP. Royal Bank of Canada restated a “buy” rating and set a $86.00 price target on shares of Dow Chemical in a research note on Friday, December 8th. Stephens began coverage on shares of Dow Chemical in a research note on Monday, December 4th. They set an “overweight” rating and a $83.00 price target for the company. Goldman Sachs Group began coverage on shares of Dow Chemical in a research note on Monday, December 4th. They set a “buy” rating for the company. SunTrust Banks restated a “hold” rating and set a $73.00 price target on shares of Dow Chemical in a research note on Friday, November 10th. Finally, UBS raised their price target on shares of 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 nineteen have given a buy rating to the stock. Dow Chemical presently has an average rating of “Buy” and a consensus target price of $80.21.
Dow Chemical (NYSE:DWDP) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share 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 during the quarter, compared to analyst estimates of $18.24 billion. During the same period in the previous year, the business earned $0.91 EPS. Dow Chemical’s revenue was up 7.6% compared to the same quarter last year. equities analysts predict that Dow Chemical Company will post 3.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.13%. Dow Chemical’s dividend payout ratio is 73.08%.
In other news, insider Andrew N. Liveris sold 49,449 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $71.63, for a total transaction of $3,542,031.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total transaction of $476,335.08. The disclosure for this sale can be found here. Insiders sold a total of 486,287 shares of company stock valued at $34,825,282 over the last quarter. 0.89% of the stock is owned by company insiders.
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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