Traders Sell Shares of Dow Chemical (DWDP) on Strength (DWDP)
Investors sold shares of Dow Chemical Company (The) (NYSE:DWDP) on strength during trading on Thursday. $68.18 million flowed into the stock on the tick-up and $247.97 million flowed out of the stock on the tick-down, for a money net flow of $179.79 million out of the stock. Of all stocks tracked, Dow Chemical had the 0th highest net out-flow for the day. Dow Chemical traded up $0.18 for the day and closed at $71.96
Several research firms have recently weighed in on DWDP. SunTrust Banks reaffirmed a “hold” rating and issued a $73.00 target price on shares of Dow Chemical in a report on Friday, November 10th. UBS upped their target price on shares of Dow Chemical from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Credit Suisse Group upped their target price on shares of Dow Chemical from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Dow Chemical from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Morgan Stanley upped their target price on shares of Dow Chemical from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $79.72.
The stock has a market cap of $168,420.78, a PE ratio of 19.67, a PEG ratio of 2.41 and a beta of 1.16. 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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The business 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 firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. analysts forecast that Dow Chemical Company will post 3.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given 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 yield of 2.14%. Dow Chemical’s dividend payout ratio (DPR) is 73.08%.
In other Dow Chemical news, General Counsel Charles J. Kalil sold 78,895 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available through this hyperlink. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the company’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. In the last quarter, insiders have sold 190,580 shares of company stock worth $13,584,719. 0.89% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in DWDP. Tradewinds Capital Management LLC acquired a new position in Dow Chemical during the 3rd quarter valued at about $101,000. Winfield Associates Inc. acquired a new position in Dow Chemical during the 3rd quarter valued at about $103,000. Peddock Capital Advisors LLC acquired a new position in Dow Chemical during the 3rd quarter valued at about $106,000. AllSquare Wealth Management LLC acquired a new position in Dow Chemical during the 3rd quarter valued at about $108,000. Finally, NewSquare Capital LLC acquired a new stake in shares of Dow Chemical in the 3rd quarter valued at approximately $109,000. Institutional investors own 68.77% of the company’s stock.
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.
Receive News & Ratings for Dow Chemical Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.