Investors Buy Shares of Dow Chemical (DWDP) on Weakness Following Insider Selling

Traders bought shares of Dow Chemical Company (The) (NYSE:DWDP) on weakness during trading hours on Tuesday following insider selling activity. $183.99 million flowed into the stock on the tick-up and $86.68 million flowed out of the stock on the tick-down, for a money net flow of $97.31 million into the stock. Of all equities tracked, Dow Chemical had the 11th highest net in-flow for the day. Dow Chemical traded down ($0.59) for the day and closed at $71.54Specifically, insider Jeanmarie F. Desmond sold 6,708 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total transaction of $476,335.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Charles J. Kalil sold 78,895 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $71.00, for a total value of $5,601,545.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 377,982 shares of company stock worth $27,120,766. Corporate insiders own 0.89% of the company’s stock.

A number of analysts recently commented on the company. Stephens assumed coverage on Dow Chemical in a research report on Monday. They set an “overweight” rating and a $83.00 price objective for the company. Goldman Sachs Group assumed coverage on Dow Chemical in a research report on Monday. They set a “buy” rating for the company. Cowen assumed coverage on Dow Chemical in a research report on Friday, September 1st. They set a “market perform” rating for the company. Monness Crespi & Hardt assumed coverage on Dow Chemical in a research report on Tuesday, September 12th. They set a “neutral” rating for the company. Finally, Argus assumed coverage on Dow Chemical in a research report on Tuesday, September 19th. They set a “buy” rating and a $81.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $79.89.

The firm has a market capitalization of $168,783.47, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.29.

Dow Chemical (NYSE:DWDP) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. The firm had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. sell-side analysts anticipate that Dow Chemical Company will post 3.36 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Tuesday, November 14th. Dow Chemical’s dividend payout ratio (DPR) is 73.08%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DWDP. Tradewinds Capital Management LLC bought a new position in shares of Dow Chemical in the third quarter worth about $101,000. Winfield Associates Inc. bought a new position in Dow Chemical during the third quarter valued at approximately $103,000. Peddock Capital Advisors LLC bought a new position in Dow Chemical during the third quarter valued at approximately $106,000. AllSquare Wealth Management LLC bought a new position in Dow Chemical during the third quarter valued at approximately $108,000. Finally, NewSquare Capital LLC bought a new position in Dow Chemical during the third quarter valued at approximately $109,000. 68.81% of the stock is owned by hedge funds and other institutional investors.

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About Dow Chemical

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, traits and crop protection.

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