Dimensional Fund Advisors LP Takes Position in Dow Chemical Company (The) (DWDP)

Dimensional Fund Advisors LP bought a new position in Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,165,624 shares of the company’s stock, valued at approximately $426,821,000. Dimensional Fund Advisors LP owned approximately 0.26% of Dow Chemical at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DWDP. MUFG Americas Holdings Corp acquired a new position in Dow Chemical during the 3rd quarter valued at approximately $25,172,000. Family Management Corp acquired a new position in Dow Chemical during the 3rd quarter valued at approximately $5,516,000. Fiduciary Group LLC acquired a new position in Dow Chemical during the 3rd quarter valued at approximately $5,852,000. Muhlenkamp & Co. Inc. acquired a new position in Dow Chemical during the 3rd quarter valued at approximately $8,093,000. Finally, Boston Private Wealth LLC acquired a new position in Dow Chemical during the 3rd quarter valued at approximately $12,833,000. Institutional investors own 68.74% of the company’s stock.

Several analysts have weighed in on DWDP shares. Vertical Research reaffirmed a “buy” rating and set a $79.00 target price (up previously from $74.00) on shares of Dow Chemical in a research note on Saturday, September 16th. Citigroup lifted their target price on Dow Chemical from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Nomura lifted their target price on Dow Chemical from $77.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Bank of America started coverage on Dow Chemical in a research note on Monday, September 11th. They set a “buy” rating and a $78.00 target price on the stock. Finally, Instinet reaffirmed a “buy” rating and set a $82.00 target price (up previously from $77.00) on shares of Dow Chemical in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $80.21.

Shares of Dow Chemical Company (NYSE:DWDP) opened at $73.05 on Thursday. Dow Chemical Company has a 12 month low of $56.76 and a 12 month high of $73.85. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $170,940.00 and a price-to-earnings ratio of 34.57.

Dow Chemical (NYSE:DWDP) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.55. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The company had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.24 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. research analysts forecast that Dow Chemical Company will post 3.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Tuesday, November 14th.

In other news, insider Andrew N. Liveris sold 187,402 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andrew N. Liveris sold 9,664 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $677,446.40. The disclosure for this sale can be found here. Insiders sold a total of 495,951 shares of company stock worth $35,502,729 in the last three months. Company insiders own 0.89% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2018/01/04/dimensional-fund-advisors-lp-takes-position-in-dow-chemical-company-the-dwdp.html.

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.

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

Receive News & Ratings for Dow Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply