Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 765,988 shares of the company’s stock, valued at approximately $53,029,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC acquired a new stake in Dow Chemical during the 3rd quarter worth about $101,000. Winfield Associates Inc. acquired a new stake in Dow Chemical during the 3rd quarter worth about $103,000. AllSquare Wealth Management LLC acquired a new stake in Dow Chemical during the 3rd quarter worth about $108,000. NewSquare Capital LLC acquired a new stake in Dow Chemical during the 3rd quarter worth about $109,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in Dow Chemical during the 3rd quarter worth about $114,000. 68.74% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on DWDP. UBS increased their price target on Dow Chemical from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Morgan Stanley increased their price target on Dow Chemical from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Dow Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Stephens initiated coverage on shares of Dow Chemical in a research note on Monday, December 4th. They set an “overweight” rating and a $83.00 target price on the stock. Finally, Credit Suisse Group reissued an “outperform” rating and set a $79.00 target price (up from $73.00) on shares of Dow Chemical in a research note on Thursday, October 12th. They noted that the move was a valuation call. 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 company. Dow Chemical presently has a consensus rating of “Buy” and a consensus price target of $80.21.

In related news, General Counsel Charles J. Kalil sold 78,895 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total value of $5,601,545.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the firm’s stock in a transaction dated 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 495,951 shares of company stock worth $35,502,729 over the last ninety days. 0.89% of the stock is currently owned by corporate insiders.

Dow Chemical Company (NYSE:DWDP) opened at $71.42 on Wednesday. The firm has a market cap of $167,051.89, a PE ratio of 19.50, a P/E/G ratio of 2.39 and a beta of 1.15. Dow Chemical Company has a 12 month low of $56.52 and a 12 month high of $73.85. 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 (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. The firm had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. Dow Chemical’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. equities analysts anticipate that Dow Chemical Company will post 3.36 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Tuesday, November 14th. Dow Chemical’s dividend payout ratio is presently 73.08%.

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About Dow Chemical

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 (NYSE:DWDP)

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