Madison Investment Holdings Inc. Takes Position in Dow Chemical Company (The) (DWDP)

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 Form 13F filing with the Securities & Exchange Commission. 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 have also recently added to or reduced their stakes in DWDP. Curbstone Financial Management Corp acquired a new stake in Dow Chemical during the third quarter valued at $2,872,000. Eqis Capital Management Inc. acquired a new stake in shares of Dow Chemical in the third quarter worth about $397,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of Dow Chemical in the third quarter worth about $15,334,000. McQueen Ball & Associates Inc. acquired a new stake in shares of Dow Chemical in the third quarter worth about $650,000. Finally, Private Asset Management Inc. acquired a new stake in shares of Dow Chemical in the third quarter worth about $1,953,000. 68.74% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Jeanmarie F. Desmond sold 6,708 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total value of $476,335.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Charles J. Kalil sold 78,895 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total value of $5,601,545.00. The disclosure for this sale can be found here. Insiders have sold 495,951 shares of company stock worth $35,502,729 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

A number of analysts have weighed in on DWDP shares. Jefferies Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of Dow Chemical in a research report on Sunday, October 8th. Credit Suisse Group boosted their price target on Dow Chemical from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. ValuEngine raised Dow Chemical from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. UBS Group boosted their price target on Dow Chemical from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Deutsche Bank assumed coverage on Dow Chemical in a research report on Thursday, October 5th. They set a “buy” rating and a $80.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $80.21.

Dow Chemical Company (NYSE DWDP) opened at $76.01 on Monday. Dow Chemical Company has a 12 month low of $56.85 and a 12 month high of $76.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01. The stock has a market capitalization of $177,860.00 and a PE ratio of 36.54.

Dow Chemical (NYSE:DWDP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The firm had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.24 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. equities analysts anticipate that Dow Chemical Company will post 3.34 EPS for the current fiscal year.

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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.

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

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