McKinley Carter Wealth Services Inc. Acquires Shares of 3,937 Dow Chemical Company (The) (DWDP)

McKinley Carter Wealth Services Inc. acquired a new stake in shares of Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,937 shares of the company’s stock, valued at approximately $273,000.

Other hedge funds have also modified their holdings of the company. Everence Capital Management Inc. purchased a new position in Dow Chemical Company (The) in the third quarter worth $3,262,000. Parthenon LLC purchased a new position in Dow Chemical Company (The) in the third quarter worth $1,931,000. Pillar Pacific Capital Management LLC purchased a new position in Dow Chemical Company (The) in the third quarter worth $8,899,000. Affinity Investment Advisors LLC purchased a new position in Dow Chemical Company (The) in the third quarter worth $12,890,000. Finally, Berkshire Asset Management LLC PA purchased a new position in Dow Chemical Company (The) in the third quarter worth $362,000. 74.82% of the stock is currently owned by institutional investors.

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Shares of Dow Chemical Company (NYSE:DWDP) opened at $70.74 on Friday. Dow Chemical Company has a one year low of $53.01 and a one year high of $73.85. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29. The company has a market cap of $165,530.89, a price-to-earnings ratio of 19.33, a PEG ratio of 2.30 and a beta of 1.17.

Dow Chemical Company (The) (NYSE:DWDP) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ 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 business had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. research analysts predict that Dow Chemical Company will post 3.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.15%. Dow Chemical Company (The)’s dividend payout ratio is presently 73.08%.

Several equities analysts have issued reports on the stock. UBS AG lifted their price target on shares of Dow Chemical Company (The) from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Morgan Stanley lifted their price target on shares of Dow Chemical Company (The) from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Dow Chemical Company (The) from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $79.00 price target (up from $73.00) on shares of Dow Chemical Company (The) in a report on Thursday, October 12th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $80.00 price target on shares of Dow Chemical Company (The) in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $79.72.

In related news, General Counsel Charles J. Kalil sold 78,895 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total transaction of $5,601,545.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeanmarie F. Desmond sold 6,708 shares of the business’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 disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Dow Chemical Company (The) 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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