Whalerock Point Partners LLC Purchases New Stake in Dow Chemical Company (The) (NYSE:DWDP)

Whalerock Point Partners LLC purchased a new stake in shares of Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,598 shares of the company’s stock, valued at approximately $1,218,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Curbstone Financial Management Corp acquired a new position in Dow Chemical in the third quarter worth about $2,872,000. Eqis Capital Management Inc. acquired a new position in Dow Chemical in the third quarter worth about $397,000. Neville Rodie & Shaw Inc. acquired a new position in Dow Chemical in the third quarter worth about $15,334,000. McQueen Ball & Associates Inc. acquired a new position in Dow Chemical in the third quarter worth about $650,000. Finally, Private Asset Management Inc. acquired a new position in Dow Chemical in the third quarter worth about $1,953,000. Institutional investors own 68.81% of the company’s stock.

In other Dow Chemical news, COO James C. Jr. Collins sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $71.11, for a total value of $1,066,650.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew N. Liveris sold 187,402 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total transaction of $13,536,046.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 377,982 shares of company stock worth $27,120,766. Insiders own 0.89% of the company’s stock.

Several research firms have recently weighed in on DWDP. Macquarie began coverage on shares of Dow Chemical in a report on Tuesday, September 5th. They set an “outperform” rating and a $76.00 price objective for the company. Nomura raised their price objective on shares of Dow Chemical from $77.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. began coverage on shares of Dow Chemical in a report on Tuesday, September 26th. They set a “hold” rating for the company. Monness Crespi & Hardt began coverage on shares of Dow Chemical in a report on Tuesday, September 12th. They set a “neutral” rating for the company. Finally, Instinet reaffirmed a “buy” rating and set a $82.00 price objective (up previously from $77.00) on shares of Dow Chemical in a report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $79.89.

Dow Chemical Company (NYSE:DWDP) traded down $0.46 on Wednesday, hitting $71.08. 5,718,907 shares of the stock traded hands, compared to its average volume of 6,338,745. Dow Chemical Company has a twelve month low of $55.94 and a twelve month high of $73.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.38. The company has a market capitalization of $168,783.47, a PE ratio of 19.71, a P/E/G ratio of 2.42 and a beta of 1.15.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 payout ratio is presently 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.

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

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