Pinnacle Financial Partners Inc. acquired a new position in Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,812 shares of the company’s stock, valued at approximately $1,926,000.

Several other institutional investors have also added to or reduced their stakes in DWDP. Tradewinds Capital Management LLC acquired a new stake in Dow Chemical during the 3rd quarter valued at $101,000. Winfield Associates Inc. acquired a new stake in Dow Chemical during the 3rd quarter valued at $103,000. AllSquare Wealth Management LLC acquired a new stake in Dow Chemical during the 3rd quarter valued at $108,000. NewSquare Capital LLC acquired a new stake in Dow Chemical during the 3rd quarter valued at $109,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in Dow Chemical during the 3rd quarter valued at $114,000. 68.74% of the stock is owned by institutional investors.

Dow Chemical Company (DWDP) opened at $71.42 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 52-week low of $56.52 and a 52-week high of $73.85. The stock has a market cap of $167,051.89, a PE ratio of 19.50, a PEG ratio of 2.39 and a beta of 1.15.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.13%. Dow Chemical’s payout ratio is currently 73.08%.

In other news, insider Jeanmarie F. Desmond sold 6,708 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total value of $476,335.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Andrew N. Liveris sold 9,664 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $70.10, for a total transaction of $677,446.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 495,951 shares of company stock worth $35,502,729. Insiders own 0.89% of the company’s stock.

A number of research analysts have commented on the stock. Stephens assumed coverage on shares of Dow Chemical in a research note on Monday, December 4th. They set an “overweight” rating and a $83.00 price objective on the stock. Cowen assumed coverage on shares of Dow Chemical in a research note on Friday, September 1st. They set a “market perform” rating on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $86.00 price objective on shares of Dow Chemical in a research note on Friday, December 8th. Monness Crespi & Hardt assumed coverage on shares of Dow Chemical in a research note on Tuesday, September 12th. They set a “neutral” rating on the stock. Finally, Argus assumed coverage on shares of Dow Chemical in a research note on Tuesday, September 19th. They set a “buy” rating and a $81.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $80.21.

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

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