Meridian Wealth Management LLC purchased a new position in shares of Dow Chemical Company (The) (NYSE:DWDP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,091 shares of the company’s stock, valued at approximately $216,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DWDP. First Quadrant L P CA bought a new stake in Dow Chemical Company (The) during the third quarter worth $159,000. Grace & White Inc. NY bought a new position in shares of Dow Chemical Company (The) in the third quarter valued at about $200,000. Weatherly Asset Management L. P. bought a new position in shares of Dow Chemical Company (The) in the third quarter valued at about $204,000. Osborne Partners Capital Management LLC bought a new position in shares of Dow Chemical Company (The) in the third quarter valued at about $205,000. Finally, Summit X LLC bought a new position in shares of Dow Chemical Company (The) in the third quarter valued at about $208,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.
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In related 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 the SEC website. Also, COO James C. Jr. Collins sold 15,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $71.11, for a total transaction of $1,066,650.00. The disclosure for this sale can be found here. Insiders sold 100,603 shares of company stock worth $7,144,530 over the last 90 days. 0.89% of the stock is currently owned by corporate insiders.
Dow Chemical Company (NYSE DWDP) opened at $70.85 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.01 and a quick ratio of 1.38. Dow Chemical Company has a one year low of $53.51 and a one year high of $73.85. The company has a market cap of $166,300.00 and a PE ratio of 19.33.
Dow Chemical Company (The) (NYSE:DWDP) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $18.24 billion. During the same period in the prior year, the company posted $0.91 earnings per share. Dow Chemical Company (The)’s revenue was up 7.6% compared to the same quarter last year. research analysts anticipate that Dow Chemical Company will post 3.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.52 annualized dividend 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.
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