Chesapeake Asset Management LLC Takes $279,000 Position in Dow Chemical Company (The) (DWDP)

Chesapeake Asset Management LLC bought a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,030 shares of the company’s stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dupont Capital Management Corp bought a new position in Dow Chemical in the third quarter worth approximately $884,806,000. Boston Partners bought a new position in Dow Chemical in the third quarter worth approximately $481,355,000. New York State Common Retirement Fund bought a new position in Dow Chemical in the third quarter worth approximately $423,511,000. Canada Pension Plan Investment Board bought a new position in Dow Chemical in the third quarter worth approximately $367,440,000. Finally, Principal Financial Group Inc. bought a new position in Dow Chemical in the third quarter worth approximately $319,529,000. 68.81% of the stock is owned by institutional investors and hedge funds.

Dow Chemical Company (DWDP) opened at $71.38 on Wednesday. The firm has a market capitalization of $168,783.47, a price-to-earnings ratio of 19.71, a PEG ratio of 2.42 and a beta of 1.15. Dow Chemical Company has a 52-week low of $55.24 and a 52-week 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.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, November 14th. Dow Chemical’s dividend payout ratio is 73.08%.

In other Dow Chemical news, insider Andrew N. Liveris sold 187,402 shares of Dow Chemical stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $72.23, for a total transaction of $13,536,046.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Charles J. Kalil sold 78,895 shares of Dow Chemical stock in a transaction dated Tuesday, November 7th. The stock was 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 377,982 shares of company stock valued at $27,120,766 in the last three months. 0.89% of the stock is owned by corporate insiders.

A number of research analysts have recently weighed in on DWDP shares. Macquarie started coverage on Dow Chemical in a report on Tuesday, September 5th. They issued an “outperform” rating and a $76.00 target price on the stock. Nomura raised their target price on Dow Chemical from $77.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. started coverage on Dow Chemical in a report on Tuesday, September 26th. They issued a “hold” rating on the stock. Monness Crespi & Hardt started coverage on Dow Chemical in a report on Tuesday, September 12th. They issued a “neutral” rating on the stock. Finally, Stephens started coverage on Dow Chemical in a report on Monday. They issued an “overweight” rating and a $83.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $79.89.

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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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