Traders Sell Shares of Dow Chemical (DWDP) on Strength (DWDP)

Investors sold shares of Dow Chemical Company (The) (NYSE:DWDP) on strength during trading hours on Monday. $47.67 million flowed into the stock on the tick-up and $102.22 million flowed out of the stock on the tick-down, for a money net flow of $54.55 million out of the stock. Of all equities tracked, Dow Chemical had the 0th highest net out-flow for the day. Dow Chemical traded up $0.47 for the day and closed at $72.11

A number of equities analysts have commented on DWDP shares. Morgan Stanley reissued an “overweight” rating and issued a $77.00 price target on shares of Dow Chemical in a research note on Wednesday, September 6th. Susquehanna Bancshares started coverage on shares of Dow Chemical in a research note on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price target for the company. Nomura boosted their price target on shares of Dow Chemical from $77.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. Edward Jones started coverage on shares of Dow Chemical in a research note on Friday, September 1st. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Dow Chemical in a research note on Friday, September 15th. They issued an “overweight” rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $80.21.

The firm has a market capitalization of $168,736.67, a P/E ratio of 34.35, a PEG ratio of 2.42 and a beta of 1.15. 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 announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. Dow Chemical 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 analysts’ expectations of $18.24 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. analysts anticipate that Dow Chemical Company will post 3.36 EPS for the current year.

The firm 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. The ex-dividend date was Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.13%. Dow Chemical’s dividend payout ratio (DPR) is 73.08%.

In related news, insider Jeanmarie F. Desmond sold 6,708 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $71.01, for a total transaction of $476,335.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew N. Liveris sold 187,402 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total transaction of $13,536,046.46. The disclosure for this sale can be found here. Insiders have sold a total of 495,951 shares of company stock valued at $35,502,729 over the last quarter. 0.89% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Excalibur Management Corp bought a new position in Dow Chemical in the 3rd quarter worth $303,000. Toronto Dominion Bank bought a new position in Dow Chemical in the 3rd quarter worth $78,199,000. TCI Wealth Advisors Inc. bought a new position in Dow Chemical in the 3rd quarter worth $973,000. Principal Financial Group Inc. bought a new position in Dow Chemical in the 3rd quarter worth $319,529,000. Finally, Johnson Financial Group LLC bought a new position in Dow Chemical in the 3rd quarter worth $262,000. Institutional investors own 68.74% of the company’s stock.

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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.

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