Dow Chemical (DWDP) Holdings Decreased by Griffin Asset Management Inc.

Griffin Asset Management Inc. reduced its position in Dow Chemical (NYSE:DWDP) by 20.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,651 shares of the company’s stock after selling 18,109 shares during the quarter. Griffin Asset Management Inc.’s holdings in Dow Chemical were worth $5,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of DWDP. HM Payson & Co. bought a new position in shares of Dow Chemical during the third quarter worth $8,933,000. Bingham Osborn & Scarborough LLC bought a new position in shares of Dow Chemical during the third quarter worth $847,000. Mraz Amerine & Associates Inc. bought a new position in shares of Dow Chemical during the third quarter worth $2,696,000. Cedar Capital LLC bought a new position in shares of Dow Chemical during the third quarter worth $460,000. Finally, Cabot Wealth Management Inc. bought a new position in shares of Dow Chemical during the third quarter worth $523,000. Institutional investors and hedge funds own 70.45% of the company’s stock.

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In other news, insider Ronald C. Edmonds sold 15,000 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $71.83, for a total value of $1,077,450.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Charles J. Kalil sold 69,400 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.66, for a total transaction of $5,042,604.00. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

A number of brokerages recently weighed in on DWDP. Nomura upped their target price on shares of Dow Chemical from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Jefferies Group restated a “buy” rating and set a $85.00 target price on shares of Dow Chemical in a research report on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating and set a $86.00 target price on shares of Dow Chemical in a research report on Friday, December 8th. Barclays upgraded shares of Dow Chemical from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research lowered shares of Dow Chemical from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Dow Chemical presently has a consensus rating of “Buy” and a consensus target price of $80.77.

DWDP stock opened at $63.71 on Monday. Dow Chemical has a 52 week low of $59.29 and a 52 week high of $77.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.26. The firm has a market cap of $148,382.05, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24.

Dow Chemical (NYSE:DWDP) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.16. Dow Chemical had a net margin of 2.34% and a return on equity of 8.21%. The business had revenue of $20.07 billion during the quarter, compared to analyst estimates of $19.46 billion. The business’s revenue for the quarter was up 54.1% compared to the same quarter last year. research analysts anticipate that Dow Chemical will post 4.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Tuesday, February 27th. Dow Chemical’s dividend payout ratio is currently 44.71%.

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Dow Chemical Company Profile

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.

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

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