Madison Investment Holdings Inc. acquired a new stake in shares of Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 427,807 shares of the company’s stock, valued at approximately $29,617,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of Dow Chemical in the 3rd quarter valued at about $2,095,726,000. Bank of New York Mellon Corp bought a new stake in shares of Dow Chemical in the 3rd quarter valued at about $1,920,750,000. Wells Fargo & Company MN bought a new stake in shares of Dow Chemical in the 3rd quarter valued at about $1,111,269,000. Third Point LLC bought a new stake in shares of Dow Chemical in the 3rd quarter valued at about $1,041,116,000. Finally, Dupont Capital Management Corp bought a new stake in shares of Dow Chemical in the 3rd quarter valued at about $884,806,000. Institutional investors own 68.77% of the company’s stock.
Several equities research analysts have recently commented on the stock. UBS Group boosted their price target on shares of Dow Chemical from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of Dow Chemical from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Morgan Stanley lifted their price objective on shares of Dow Chemical from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Stephens began coverage on shares of Dow Chemical in a research report on Monday, December 4th. They issued an “overweight” rating and a $83.00 price objective on the stock. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $79.00 price objective (up previously from $73.00) on shares of Dow Chemical in a research report on Thursday, October 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $80.21.
Shares of Dow Chemical Company (NYSE:DWDP) opened at $75.41 on Monday. The firm has a market cap of $176,458.66, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 2.16 and a beta of 1.16. Dow Chemical Company has a 12-month low of $56.76 and a 12-month high of $76.34. 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 earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The company had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.24 billion. Dow Chemical had a net margin of 5.01% and a return on equity of 9.73%. Dow Chemical’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. equities analysts expect that Dow Chemical Company will post 3.34 earnings per share for the current year.
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.
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