Everence Capital Management Inc. acquired a new stake in Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 47,116 shares of the company’s stock, valued at approximately $3,262,000. Dow Chemical Company (The) makes up about 0.7% of Everence Capital Management Inc.’s portfolio, making the stock its 29th biggest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Parthenon LLC bought a new position in shares of Dow Chemical Company (The) during the 3rd quarter valued at $1,931,000. Pillar Pacific Capital Management LLC bought a new position in shares of Dow Chemical Company (The) during the 3rd quarter valued at $8,899,000. Affinity Investment Advisors LLC bought a new position in shares of Dow Chemical Company (The) during the 3rd quarter valued at $12,890,000. Berkshire Asset Management LLC PA bought a new position in shares of Dow Chemical Company (The) during the 3rd quarter valued at $362,000. Finally, Boston Financial Mangement LLC bought a new position in shares of Dow Chemical Company (The) during the 3rd quarter valued at $1,986,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on DWDP shares. Sanford C. Bernstein started coverage on Dow Chemical Company (The) in a report on Friday, September 1st. They set an “outperform” rating and a $79.00 price target on the stock. Edward Jones started coverage on Dow Chemical Company (The) in a report on Friday, September 1st. They set a “hold” rating on the stock. Cowen and Company started coverage on Dow Chemical Company (The) in a report on Friday, September 1st. They set a “market perform” rating on the stock. UBS AG started coverage on Dow Chemical Company (The) in a report on Friday, September 1st. They set a “buy” rating on the stock. Finally, Nomura started coverage on Dow Chemical Company (The) in a report on Sunday, September 3rd. They set a “buy” rating and a $77.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Dow Chemical Company (The) currently has an average rating of “Buy” and a consensus target price of $79.72.

In other Dow Chemical Company (The) news, insider Jeanmarie F. Desmond sold 6,708 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total value of $476,335.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Charles J. Kalil sold 78,895 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $71.00, for a total value of $5,601,545.00. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

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Shares of Dow Chemical Company (NYSE:DWDP) opened at $70.74 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $165,530.89, a price-to-earnings ratio of 19.33, a PEG ratio of 2.30 and a beta of 1.17. Dow Chemical Company has a 12 month low of $53.01 and a 12 month high of $73.85.

Dow Chemical Company (The) (NYSE:DWDP) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical Company (The) had a return on equity of 9.73% and a net margin of 5.01%. Dow Chemical Company (The)’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 EPS. research analysts anticipate that Dow Chemical Company will post 3.47 earnings per share for the current fiscal 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 paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.15%. Dow Chemical Company (The)’s payout ratio is presently 73.08%.

Dow Chemical Company (The) 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, and a pipeline of germplasm, traits and crop protection.

Institutional Ownership by Quarter for Dow Chemical Company (The) (NYSE:DWDP)

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