Godsey & Gibb Associates acquired a new stake in shares of Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,788 shares of the company’s stock, valued at approximately $539,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Curbstone Financial Management Corp acquired a new stake in shares of Dow Chemical in the third quarter valued at $2,872,000. Eqis Capital Management Inc. acquired a new stake in shares of Dow Chemical in the third quarter valued at $397,000. Neville Rodie & Shaw Inc. acquired a new stake in Dow Chemical in the third quarter worth about $15,334,000. McQueen Ball & Associates Inc. acquired a new stake in Dow Chemical in the third quarter worth about $650,000. Finally, Private Asset Management Inc. acquired a new stake in Dow Chemical in the third quarter worth about $1,953,000. 68.77% of the stock is owned by institutional investors.

A number of analysts recently commented on the company. Zacks Investment Research upgraded Dow Chemical from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Nomura raised their target price on Dow Chemical from $77.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Citigroup raised their target price on Dow Chemical from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. initiated coverage on Dow Chemical in a report on Tuesday, September 26th. They set a “hold” rating on the stock. Finally, UBS raised their target price on Dow Chemical from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.72.

Dow Chemical Company (NYSE DWDP) opened at $71.01 on Friday. Dow Chemical Company has a 1-year low of $55.24 and a 1-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 capitalization of $168,420.78, a PE ratio of 19.67, a PEG ratio of 2.41 and a beta of 1.16.

Dow Chemical (NYSE:DWDP) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The business had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. During the same quarter in the previous year, the business posted $0.91 EPS. Dow Chemical’s revenue for the quarter was up 7.6% on a year-over-year basis. analysts forecast that Dow Chemical Company will post 3.36 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, November 14th. Dow Chemical’s dividend payout ratio (DPR) is presently 73.08%.

In other news, insider Jeanmarie F. Desmond sold 6,708 shares of Dow Chemical stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total transaction of $476,335.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO James C. Jr. Collins sold 15,000 shares of Dow Chemical stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $71.11, for a total value of $1,066,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 190,580 shares of company stock worth $13,584,719 in the last quarter. 0.89% of the stock is currently owned by company insiders.

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Dow Chemical 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, traits and crop protection.

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

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