Parthenon LLC Takes $1.93 Million Position in Dow Chemical Company (The) (DWDP)

Parthenon LLC bought a new stake in shares of Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 27,889 shares of the company’s stock, valued at approximately $1,931,000.

Other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new position in shares of Dow Chemical Company (The) during the 3rd quarter valued at $367,440,000. New York State Teachers Retirement System acquired a new position in shares of Dow Chemical Company (The) during the 3rd quarter valued at $268,542,000. APG Asset Management N.V. acquired a new position in shares of Dow Chemical Company (The) during the 3rd quarter valued at $257,365,000. Korea Investment CORP acquired a new position in shares of Dow Chemical Company (The) during the 3rd quarter valued at $146,277,000. Finally, Strs Ohio acquired a new position in shares of Dow Chemical Company (The) in the 3rd quarter worth $105,984,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on DWDP. Macquarie began coverage on Dow Chemical Company (The) in a report on Tuesday, September 5th. They issued an “outperform” rating and a $76.00 target price on the stock. Nomura lifted their target price on Dow Chemical Company (The) from $77.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. began coverage on Dow Chemical Company (The) in a report on Tuesday, September 26th. They issued a “hold” rating on the stock. Monness Crespi & Hardt began coverage on Dow Chemical Company (The) in a report on Tuesday, September 12th. They issued a “neutral” rating on the stock. Finally, Instinet restated a “buy” rating and issued a $82.00 target price (up from $77.00) on shares of Dow Chemical Company (The) in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $79.72.

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

ILLEGAL ACTIVITY WARNING: “Parthenon LLC Takes $1.93 Million Position in Dow Chemical Company (The) (DWDP)” was first reported by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/11/18/parthenon-llc-takes-1-93-million-position-in-dow-chemical-company-the-dwdp.html.

Shares of Dow Chemical Company (NYSE DWDP) opened at $70.74 on Friday. Dow Chemical Company has a 12-month low of $53.01 and a 12-month high of $73.85. The stock has a market capitalization of $165,390.00 and a price-to-earnings ratio of 18.74. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29.

Dow Chemical Company (The) (NYSE:DWDP) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. Dow Chemical Company (The) had a return on equity of 9.73% and a net margin of 5.01%. 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 previous year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. equities analysts forecast that Dow Chemical Company will post 3.47 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.38 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.15%.

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.

Want to see what other hedge funds are holding DWDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Company (The) (NYSE:DWDP).

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

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

Latest News

Leave a Reply