Buckingham Asset Management LLC Invests $1.34 Million in Dow Chemical Company (The) (DWDP)
Buckingham Asset Management LLC purchased a new position in Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,317 shares of the company’s stock, valued at approximately $1,337,000.
Several other large investors also recently modified their holdings of the stock. Banque Pictet & Cie SA acquired a new position in Dow Chemical in the third quarter worth $5,818,000. Novare Capital Management LLC acquired a new position in Dow Chemical in the third quarter worth $7,093,000. Lowe Brockenbrough & Co. Inc. acquired a new position in Dow Chemical in the third quarter worth $4,715,000. Wayne Hummer Investments L.L.C. acquired a new position in Dow Chemical in the third quarter worth $1,341,000. Finally, NewSquare Capital LLC acquired a new position in Dow Chemical in the third quarter worth $109,000. Institutional investors and hedge funds own 68.81% of the company’s stock.
Shares of Dow Chemical Company (NYSE:DWDP) opened at $70.56 on Thursday. Dow Chemical Company has a one year low of $56.52 and a one year high of $73.85. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29. The firm has a market cap of $165,647.89, a PE ratio of 19.34, a P/E/G ratio of 2.37 and a beta of 1.15.
Dow Chemical (NYSE:DWDP) last issued 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 for the quarter, compared to analysts’ expectations of $18.24 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. research analysts predict that Dow Chemical Company will post 3.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, November 14th. Dow Chemical’s dividend payout ratio (DPR) is presently 73.08%.
In other Dow Chemical news, General Counsel Charles J. Kalil sold 78,895 shares of the business’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 legal filing with the SEC, which is available through the SEC website. Also, insider Andrew N. Liveris sold 49,449 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $71.63, for a total transaction of $3,542,031.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 407,705 shares of company stock worth $29,245,960. 0.89% of the stock is owned by company insiders.
Several equities analysts have recently issued reports on DWDP shares. Macquarie started coverage on shares of Dow Chemical in a report on Tuesday, September 5th. They set an “outperform” rating and a $76.00 price target for the company. Nomura boosted their price target on shares of Dow Chemical from $77.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. started coverage on shares of Dow Chemical in a report on Tuesday, September 26th. They set a “hold” rating for the company. Monness Crespi & Hardt started coverage on shares of Dow Chemical in a report on Tuesday, September 12th. They set a “neutral” rating for the company. Finally, Instinet reissued a “buy” rating and set a $82.00 price target (up previously from $77.00) on shares of Dow Chemical in a report on Wednesday, September 13th. One 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 stock. Dow Chemical presently has an average rating of “Buy” and a consensus target price of $80.21.
Dow Chemical 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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