Rational Advisors LLC purchased a new position in Dow Chemical Company (The) (NYSE:DOW) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,091 shares of the basic materials company’s stock, valued at approximately $323,000.
A number of other institutional investors have also bought and sold shares of the company. Pinnacle Bank purchased a new position in Dow Chemical Company (The) during the first quarter valued at $103,000. West Oak Capital LLC raised its position in Dow Chemical Company (The) by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock valued at $107,000 after buying an additional 379 shares during the last quarter. First Financial Corp IN raised its position in Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock valued at $107,000 after buying an additional 750 shares during the last quarter. Cable Hill Partners LLC raised its position in Dow Chemical Company (The) by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock valued at $112,000 after buying an additional 124 shares during the last quarter. Finally, Lyell Wealth Management LP purchased a new position in Dow Chemical Company (The) during the first quarter valued at $200,000. Hedge funds and other institutional investors own 69.00% of the company’s stock.
Dow Chemical Company (DOW) opened at 66.77 on Thursday. Dow Chemical Company has a one year low of $51.57 and a one year high of $66.79. The stock has a 50 day moving average of $64.21 and a 200 day moving average of $62.29. The firm has a market capitalization of $81.57 billion, a price-to-earnings ratio of 16.45 and a beta of 1.13.
Dow Chemical Company (The) (NYSE:DOW) last released its earnings results on Thursday, April 27th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.05. Dow Chemical Company (The) had a net margin of 9.77% and a return on equity of 16.65%. The business had revenue of $13.23 billion for the quarter, compared to analysts’ expectations of $12.46 billion. During the same period last year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. Analysts forecast that Dow Chemical Company will post $4.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is 46.82%.
Several equities analysts have weighed in on the stock. BidaskClub upgraded shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Cowen and Company reiterated a “hold” rating and issued a $60.00 target price on shares of Dow Chemical Company (The) in a report on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $74.00 target price on shares of Dow Chemical Company (The) in a report on Tuesday, March 28th. Zacks Investment Research lowered shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Vetr upgraded shares of Dow Chemical Company (The) from a “buy” rating to a “strong-buy” rating and set a $71.22 target price on the stock in a report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Dow Chemical Company (The) presently has an average rating of “Buy” and a consensus target price of $69.69.
About Dow Chemical Company (The)
Want to see what other hedge funds are holding DOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Company (The) (NYSE:DOW).
Receive News & Ratings for Dow Chemical Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.
