Granite Investment Advisors LLC Acquires Shares of 6,297 Dow Chemical Company (The) (DWDP)

Granite Investment Advisors LLC purchased a new position in Dow Chemical Company (The) (NYSE:DWDP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,297 shares of the company’s stock, valued at approximately $436,000.

A number of other large investors also recently bought and sold shares of the business. Private Asset Management Inc. acquired a new position in shares of Dow Chemical Company (The) during the third quarter valued at about $1,953,000. First Quadrant L P CA acquired a new position in shares of Dow Chemical Company (The) during the third quarter valued at about $159,000. Osborne Partners Capital Management LLC acquired a new position in shares of Dow Chemical Company (The) during the third quarter valued at about $205,000. Clearwater Capital Partners LLC acquired a new position in shares of Dow Chemical Company (The) during the third quarter valued at about $219,000. Finally, Summit X LLC acquired a new position in shares of Dow Chemical Company (The) during the third quarter valued at about $208,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

In other news, General Counsel Charles J. Kalil sold 78,895 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total value of $5,601,545.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total transaction of $476,335.08. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Several analysts have commented on the stock. Susquehanna Bancshares Inc assumed coverage on shares of Dow Chemical Company (The) in a research report on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price objective on the stock. UBS AG assumed coverage on shares of Dow Chemical Company (The) in a research report on Friday, September 1st. They issued a “buy” rating on the stock. Citigroup Inc. lifted their price objective on shares of Dow Chemical Company (The) from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Zacks Investment Research lowered shares of Dow Chemical Company (The) from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 27th. Finally, Morgan Stanley lifted their price objective on shares of Dow Chemical Company (The) from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $79.72.

Dow Chemical Company (NYSE:DWDP) opened at $68.57 on Wednesday. The company has a market cap of $164,875.69, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 2.29 and a beta of 1.17. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.29. Dow Chemical Company has a 12 month low of $52.32 and a 12 month high of $73.85.

Dow Chemical Company (The) (NYSE:DWDP) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.55. Dow Chemical Company (The) had a net margin of 5.01% and a return on equity of 9.73%. The company had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. During the same period in the prior year, the business posted $0.91 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. sell-side analysts expect that Dow Chemical Company will post 3.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.22%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is presently 88.46%.

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Dow Chemical Company (The) 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, and a pipeline of germplasm, traits and crop protection.

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

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