Thompson Investment Management Inc. Invests $454,000 in Dow Chemical Company (The) (DWDP)

Thompson Investment Management Inc. acquired a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,565 shares of the company’s stock, valued at approximately $454,000.

Several other large investors also recently bought and sold shares of the stock. Curbstone Financial Management Corp purchased a new position in Dow Chemical in the 3rd quarter valued at approximately $2,872,000. Eqis Capital Management Inc. purchased a new position in Dow Chemical in the 3rd quarter valued at approximately $397,000. Neville Rodie & Shaw Inc. purchased a new position in Dow Chemical in the 3rd quarter valued at approximately $15,334,000. McQueen Ball & Associates Inc. purchased a new position in Dow Chemical in the 3rd quarter valued at approximately $650,000. Finally, Private Asset Management Inc. purchased a new position in Dow Chemical in the 3rd quarter valued at approximately $1,953,000. 68.81% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Andrew N. Liveris sold 49,449 shares of Dow Chemical stock in a transaction on Tuesday, November 21st. The shares were 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 SEC, which can be accessed through this link. Also, insider Andrew N. Liveris sold 187,402 shares of Dow Chemical stock in a transaction on Tuesday, December 5th. The stock was 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 have sold 407,705 shares of company stock valued at $29,245,960. Corporate insiders own 0.89% of the company’s stock.

Shares of Dow Chemical Company (NYSE DWDP) opened at $70.81 on Tuesday. The stock has a market cap of $165,507.50, a price-to-earnings ratio of 19.33, a PEG ratio of 2.37 and a beta of 1.15. Dow Chemical Company has a 1 year low of $56.52 and a 1 year high of $73.85. 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 (NYSE:DWDP) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The business had revenue of $18.29 billion during 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 for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. research analysts anticipate that Dow Chemical Company will post 3.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.15%. Dow Chemical’s dividend payout ratio (DPR) is currently 73.08%.

DWDP has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on shares of Dow Chemical in a research report on Friday, September 1st. They issued an “outperform” rating and a $79.00 price target for the company. Edward Jones initiated coverage on shares of Dow Chemical in a research report on Friday, September 1st. They issued a “hold” rating for the company. Cowen initiated coverage on shares of Dow Chemical in a research report on Friday, September 1st. They issued a “market perform” rating for the company. UBS initiated coverage on shares of Dow Chemical in a research report on Friday, September 1st. They issued a “buy” rating for the company. Finally, Nomura initiated coverage on shares of Dow Chemical in a research report on Sunday, September 3rd. They issued a “buy” rating and a $77.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price 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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