Fagan Associates Inc. Acquires New Holdings in Dow Chemical Company (The) (DWDP)

Fagan Associates Inc. acquired a new position in Dow Chemical Company (The) (NYSE:DWDP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,287 shares of the company’s stock, valued at approximately $4,104,000. Dow Chemical accounts for approximately 2.0% of Fagan Associates Inc.’s investment portfolio, making the stock its 13th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Curbstone Financial Management Corp acquired a new stake in Dow Chemical in the 3rd quarter valued at about $2,872,000. Eqis Capital Management Inc. acquired a new stake in Dow Chemical in the 3rd quarter valued at about $397,000. Neville Rodie & Shaw Inc. acquired a new stake in Dow Chemical in the 3rd quarter valued at about $15,334,000. McQueen Ball & Associates Inc. acquired a new stake in Dow Chemical in the 3rd quarter valued at about $650,000. Finally, Private Asset Management Inc. acquired a new stake in Dow Chemical in the 3rd quarter valued at about $1,953,000. 68.74% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the stock. UBS Group upped their price target on shares of Dow Chemical from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 27th. Morgan Stanley upped their price target on shares of Dow Chemical from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Dow Chemical from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Stephens began coverage on shares of Dow Chemical in a report on Monday, December 4th. They issued an “overweight” rating and a $83.00 price target for the company. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $79.00 price objective (up from $73.00) on shares of Dow Chemical in a research note on Thursday, October 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $80.21.

In other news, insider Andrew N. Liveris sold 9,664 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $677,446.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrew N. Liveris sold 187,402 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $72.23, for a total value of $13,536,046.46. The disclosure for this sale can be found here. Insiders sold a total of 495,951 shares of company stock worth $35,502,729 in the last quarter. 0.89% of the stock is owned by corporate insiders.

Shares of Dow Chemical Company (NYSE:DWDP) opened at $74.45 on Friday. The company has a market cap of $170,936.28, a PE ratio of 35.79, a price-to-earnings-growth ratio of 2.10 and a beta of 1.16. Dow Chemical Company has a 52 week low of $56.76 and a 52 week high of $74.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.01.

Dow Chemical (NYSE:DWDP) last issued its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The company had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. equities research analysts predict that Dow Chemical Company will post 3.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were issued a $0.38 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.04%. Dow Chemical’s dividend payout ratio is 73.08%.

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

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