Motco acquired a new position in Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,351 shares of the company’s stock, valued at approximately $440,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Excalibur Management Corp acquired a new position in shares of Dow Chemical during the third quarter valued at $303,000. TCI Wealth Advisors Inc. bought a new stake in shares of Dow Chemical during the third quarter valued at about $973,000. Gilman Hill Asset Management LLC bought a new stake in shares of Dow Chemical during the third quarter valued at about $1,088,000. Barometer Capital Management Inc. bought a new stake in shares of Dow Chemical during the third quarter valued at about $4,701,000. Finally, Rockland Trust Co. bought a new stake in shares of Dow Chemical during the third quarter valued at about $519,000. 68.81% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Dow Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Nomura lifted their price objective on shares of Dow Chemical from $77.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Citigroup lifted their price objective on shares of Dow Chemical from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Royal Bank of Canada restated a “buy” rating and set a $86.00 price objective on shares of Dow Chemical in a research note on Friday, December 8th. Finally, assumed coverage on shares of Dow Chemical in a research note on Tuesday, September 26th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $80.21.

In related news, General Counsel Charles J. Kalil sold 78,895 shares of Dow Chemical stock in a transaction dated Tuesday, November 7th. The stock was 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 at this link. Also, 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 value of $476,335.08. The disclosure for this sale can be found here. Insiders sold a total of 407,705 shares of company stock worth $29,245,960 in the last three months. 0.89% of the stock is currently owned by company insiders.

Shares of Dow Chemical Company (DWDP) opened at $70.87 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.38. Dow Chemical Company has a 1 year low of $56.52 and a 1 year high of $73.85. The company has a market cap of $165,694.69, a PE ratio of 19.35, a price-to-earnings-growth ratio of 2.37 and a beta of 1.15.

Dow Chemical (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The firm 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. Dow Chemical’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts anticipate that Dow Chemical Company will post 3.36 EPS 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 paid a $0.38 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.14%. Dow Chemical’s dividend payout ratio is currently 73.08%.

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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.

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

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