Alpha Omega Wealth Management LLC acquired a new stake in Dow Chemical Company (The) (NYSE:DWDP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,816 shares of the company’s stock, valued at approximately $126,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Curbstone Financial Management Corp bought a new stake in shares of Dow Chemical during the 3rd quarter valued at about $2,872,000. Eqis Capital Management Inc. bought a new stake in shares of Dow Chemical during the 3rd quarter valued at about $397,000. Neville Rodie & Shaw Inc. bought a new stake in shares of Dow Chemical during the 3rd quarter valued at about $15,334,000. McQueen Ball & Associates Inc. bought a new stake in shares of Dow Chemical during the 3rd quarter valued at about $650,000. Finally, Private Asset Management Inc. bought a new stake in shares of Dow Chemical during the 3rd quarter valued at about $1,953,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Cowen assumed coverage on shares of Dow Chemical in a research note on Friday, September 1st. They set a “market perform” rating on the stock. Monness Crespi & Hardt assumed coverage on shares of Dow Chemical in a research note on Tuesday, September 12th. They set a “neutral” rating on the stock. Argus assumed coverage on shares of Dow Chemical in a research note on Tuesday, September 19th. They set a “buy” rating and a $81.00 price objective on the stock. Credit Suisse Group boosted their price objective on shares of Dow Chemical from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, Nomura assumed coverage on shares of Dow Chemical in a research note on Sunday, September 3rd. They set a “buy” rating and a $77.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $79.72.

In other news, insider Andrew N. Liveris sold 49,449 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $71.63, for a total value of $3,542,031.87. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Charles J. Kalil sold 78,895 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total transaction of $5,601,545.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,580 shares of company stock worth $13,584,719. Insiders own 0.89% of the company’s stock.

Dow Chemical Company (DWDP) traded down $0.95 during trading hours on Friday, reaching $71.01. 7,640,000 shares of the company traded hands, compared to its average volume of 8,070,000. Dow Chemical Company has a 1-year low of $64.01 and a 1-year high of $73.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.38. The company has a market capitalization of $166,160.00 and a price-to-earnings ratio of 19.42.

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, hitting the consensus estimate of $0.55. The firm had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.24 billion. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. analysts anticipate that Dow Chemical Company will post 3.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a $0.38 dividend. 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%.

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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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