Roosevelt Investment Group Inc. bought a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 302,889 shares of the company’s stock, valued at approximately $20,969,000. Dow Chemical makes up 1.9% of Roosevelt Investment Group Inc.’s investment portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Excalibur Management Corp purchased a new stake in shares of Dow Chemical in the third quarter valued at $303,000. TCI Wealth Advisors Inc. purchased a new stake in shares of Dow Chemical in the third quarter valued at $973,000. Gilman Hill Asset Management LLC purchased a new stake in shares of Dow Chemical in the third quarter valued at $1,088,000. Barometer Capital Management Inc. purchased a new stake in shares of Dow Chemical in the third quarter valued at $4,701,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Dow Chemical in the third quarter valued at $78,199,000. Institutional investors own 68.81% of the company’s stock.

Several analysts have recently issued reports 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 upped their target price on Dow Chemical from $77.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Citigroup upped their target price on 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 reiterated a “buy” rating and issued a $86.00 target price on shares of Dow Chemical in a research note on Friday, December 8th. Finally, began coverage on Dow Chemical in a research note on Tuesday, September 26th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Dow Chemical presently has an average rating of “Buy” and an average target price of $80.21.

Shares of Dow Chemical Company (NYSE DWDP) opened at $70.00 on Friday. The company has a market capitalization of $164,548.09, a PE ratio of 19.21, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01. Dow Chemical Company has a 12 month low of $64.01 and a 12 month high of $73.85.

Dow Chemical (NYSE:DWDP) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The company had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. sell-side analysts anticipate that Dow Chemical Company will post 3.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.38 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.17%. Dow Chemical’s dividend payout ratio is presently 73.08%.

In other Dow Chemical news, insider Andrew N. Liveris sold 49,449 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Charles J. Kalil sold 78,895 shares of the company’s 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 disclosure for this sale can be found here. Insiders have sold 486,287 shares of company stock valued at $34,825,282 over the last 90 days. 0.89% of the stock is currently owned by 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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