Whittier Trust Co. Sells 1,038 Shares of Dow Chemical (DWDP)

Whittier Trust Co. lessened its holdings in shares of Dow Chemical (NYSE:DWDP) by 0.4% during the 1st quarter, HoldingsChannel reports. The fund owned 238,069 shares of the company’s stock after selling 1,038 shares during the period. Whittier Trust Co.’s holdings in Dow Chemical were worth $15,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DWDP. Clear Harbor Asset Management LLC grew its holdings in Dow Chemical by 45.5% during the first quarter. Clear Harbor Asset Management LLC now owns 4,102 shares of the company’s stock valued at $261,000 after purchasing an additional 1,282 shares during the last quarter. Braun Stacey Associates Inc. grew its holdings in Dow Chemical by 1.3% during the first quarter. Braun Stacey Associates Inc. now owns 195,803 shares of the company’s stock valued at $12,475,000 after purchasing an additional 2,460 shares during the last quarter. Windsor Capital Management LLC grew its holdings in Dow Chemical by 105.7% during the first quarter. Windsor Capital Management LLC now owns 17,157 shares of the company’s stock valued at $1,093,000 after purchasing an additional 8,818 shares during the last quarter. FormulaFolio Investments LLC grew its holdings in Dow Chemical by 24.9% during the first quarter. FormulaFolio Investments LLC now owns 5,185 shares of the company’s stock valued at $330,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Berkshire Asset Management LLC PA grew its holdings in Dow Chemical by 24.8% during the first quarter. Berkshire Asset Management LLC PA now owns 12,721 shares of the company’s stock valued at $810,000 after purchasing an additional 2,528 shares during the last quarter. 70.46% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities analysts have commented on DWDP shares. Citigroup lowered their price target on Dow Chemical from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th. Credit Suisse Group lowered their price target on Dow Chemical from $82.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday. Zacks Investment Research upgraded Dow Chemical from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, January 30th. BMO Capital Markets started coverage on Dow Chemical in a report on Tuesday, March 27th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, Morgan Stanley set a $80.00 price target on Dow Chemical and gave the company a “buy” rating in a report on Wednesday, March 21st. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $80.73.

In other Dow Chemical news, insider Ronald C. Edmonds sold 15,000 shares of Dow Chemical stock in a transaction on Friday, March 9th. The shares were sold at an average price of $71.83, for a total transaction of $1,077,450.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Charles J. Kalil sold 69,400 shares of Dow Chemical stock in a transaction on Friday, February 23rd. The stock was 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. 0.42% of the stock is owned by insiders.

Shares of Dow Chemical stock opened at $64.47 on Friday. The firm has a market capitalization of $150,152.11, a PE ratio of 18.01, a P/E/G ratio of 1.64 and a beta of 1.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. Dow Chemical has a 1 year low of $59.29 and a 1 year high of $77.08.

Dow Chemical (NYSE:DWDP) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. Dow Chemical had a net margin of 2.37% and a return on equity of 8.62%. The firm had revenue of $21.51 billion for the quarter, compared to the consensus estimate of $21.31 billion. The business’s quarterly revenue was up 62.6% compared to the same quarter last year. sell-side analysts anticipate that Dow Chemical will post 4.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Wednesday, May 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.36%. Dow Chemical’s dividend payout ratio is currently 44.71%.

Dow Chemical 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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