Risk Paradigm Group LLC Takes $120,000 Position in Dow Chemical Company (The) (DWDP)
Risk Paradigm Group LLC bought a new position in Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to its most recent filing with the SEC. The firm bought 1,731 shares of the company’s stock, valued at approximately $120,000.
Other hedge funds also recently added to or reduced their stakes in the company. Harvey Capital Management Inc. acquired a new stake in Dow Chemical during the 3rd quarter valued at approximately $8,268,000. Bronfman E.L. Rothschild L.P. purchased a new position in shares of Dow Chemical during the 3rd quarter valued at approximately $1,965,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new position in shares of Dow Chemical during the 3rd quarter valued at approximately $2,412,000. Norinchukin Bank The purchased a new position in shares of Dow Chemical during the 3rd quarter valued at approximately $22,423,000. Finally, ING Groep NV purchased a new position in shares of Dow Chemical during the 3rd quarter valued at approximately $27,646,000. Institutional investors own 68.74% of the company’s stock.
In other Dow Chemical news, insider Jeanmarie F. Desmond sold 6,708 shares of the company’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 legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Charles J. Kalil sold 78,895 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total transaction of $5,601,545.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 495,951 shares of company stock worth $35,502,729. Corporate insiders own 0.89% of the company’s stock.
Dow Chemical (NYSE:DWDP) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $18.29 billion for the quarter, compared to analysts’ expectations of $18.24 billion. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. equities research analysts forecast 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. Stockholders of record on Wednesday, November 15th were given a dividend of $0.38 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.13%. Dow Chemical’s payout ratio is 73.08%.
Several equities analysts have recently weighed in on the stock. Cowen started coverage on shares of Dow Chemical in a report on Friday, September 1st. They set a “market perform” rating for the company. Stephens started coverage on shares of Dow Chemical in a report on Monday, December 4th. They issued an “overweight” rating and a $83.00 price target for the company. Royal Bank of Canada reissued a “buy” rating and issued a $86.00 price target on shares of Dow Chemical in a report on Friday, December 8th. Monness Crespi & Hardt started coverage on shares of Dow Chemical in a report on Tuesday, September 12th. They issued a “neutral” rating for the company. Finally, Argus started coverage on shares of Dow Chemical in a report on Tuesday, September 19th. They issued a “buy” rating and a $81.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $80.21.
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.
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