Dow Inc. director Banister buys $299,932 in frequent inventory

MIDLAND, Mich.—Gaurdie E. Banister Jr., a director at Dow Inc. (NYSE:DOW), lately bought 7,339 shares of the corporate’s frequent inventory, based on a submitting with the Securities and Alternate Fee. The shares have been acquired at a weighted common value of $40.87, leading to a complete transaction worth of roughly $299,932. The acquisition comes because the inventory trades close to its 52-week low of $40.04, with InvestingPro knowledge exhibiting the chemical large providing a considerable 6.98% dividend yield. Following this buy, Banister holds a complete of 10,924 shares not directly via a company. Moreover, the submitting notes a separate holding of 15,219 shares immediately owned, which incorporates beforehand reported restricted inventory models. In keeping with InvestingPro evaluation, this insider shopping for aligns with broader administration confidence, as the corporate has been actively repurchasing shares. For deeper insights into Dow’s insider buying and selling patterns and 10+ extra ProTips, subscribers can entry the great Professional Analysis Report.

In different latest information, Dow Inc. has seen a number of changes in its inventory outlook following its third-quarter earnings report. Evercore ISI has upgraded Dow to Outperform, setting a brand new value goal of $56, whereas Piper Sandler lower its goal to $60 however retained an Chubby ranking. In the meantime, Mizuho (NYSE:MFG) raised its goal to $56, and Jefferies lower its goal to $53, each sustaining a Impartial ranking.

Dow reported a modest 1% year-over-year enhance in internet gross sales for the third quarter of 2024, amounting to $10.9 billion, and an working EBIT of $641 million. Nevertheless, money circulation from operations decreased to $800 million because of a rise in inventories. The corporate additionally lately bought a 40% stake in sure U.S. Gulf Coast infrastructure property to Macquarie Asset Administration for $2.4 billion, aligning with its initiative to optimize its world asset portfolio.

Within the face of challenges similar to excessive power prices and slower demand affecting European margins, Dow is conducting a strategic evaluation of its European Polyurethanes property, with outcomes anticipated by mid-2025. Regardless of these challenges, Dow goals to realize over $3 billion in extra annual earnings by 2030, backed by strategic asset administration and investments. Analysts from a number of corporations have provided their forecasts and changes in gentle of those latest developments.

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