Cutter & CO Brokerage Inc. Has $835,000 Position in Dow Chemical Company (The) (NYSE:DOW)

Cutter & CO Brokerage Inc. increased its position in shares of Dow Chemical Company (The) (NYSE:DOW) by 42.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,140 shares of the basic materials company’s stock after buying an additional 3,928 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Dow Chemical Company (The) were worth $835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. GHP Investment Advisors Inc. increased its position in shares of Dow Chemical Company (The) by 3.6% in the first quarter. GHP Investment Advisors Inc. now owns 62,377 shares of the basic materials company’s stock valued at $3,963,000 after buying an additional 2,146 shares during the last quarter. Neville Rodie & Shaw Inc. increased its position in Dow Chemical Company (The) by 0.4% in the first quarter. Neville Rodie & Shaw Inc. now owns 20,955 shares of the basic materials company’s stock valued at $1,331,000 after buying an additional 75 shares in the last quarter. Rational Advisors LLC purchased a new position in Dow Chemical Company (The) during the first quarter valued at about $323,000. Nichols & Pratt Advisers LLP MA purchased a new position in Dow Chemical Company (The) during the first quarter valued at about $202,000. Finally, Carret Asset Management LLC increased its position in Dow Chemical Company (The) by 0.5% in the first quarter. Carret Asset Management LLC now owns 27,485 shares of the basic materials company’s stock valued at $1,746,000 after buying an additional 129 shares in the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.

Dow Chemical Company (NYSE DOW) opened at 66.39 on Friday. The stock has a market capitalization of $81.11 billion, a PE ratio of 16.36 and a beta of 1.13. Dow Chemical Company has a 1-year low of $51.57 and a 1-year high of $66.89. The stock’s 50 day moving average price is $64.34 and its 200 day moving average price is $62.32.

Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings results on Thursday, April 27th. The basic materials company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.05. Dow Chemical Company (The) had a return on equity of 16.65% and a net margin of 9.77%. The firm had revenue of $13.23 billion for the quarter, compared to the consensus estimate of $12.46 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, equities research analysts predict that Dow Chemical Company will post $4.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be issued a $0.46 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.84 annualized dividend and a dividend yield of 2.77%. Dow Chemical Company (The)’s payout ratio is 46.82%.

TRADEMARK VIOLATION WARNING: This article was originally reported by [[site]] and is the property of of [[site]]. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at [[permalink]].

DOW has been the subject of several recent research reports. Credit Suisse Group set a $66.00 price objective on Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Sunday, April 30th. Vetr upgraded Dow Chemical Company (The) from a “buy” rating to a “strong-buy” rating and set a $71.22 price target on the stock in a report on Monday, April 3rd. Zacks Investment Research upgraded Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, April 18th. BidaskClub upgraded Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Finally, UBS AG reiterated a “buy” rating and issued a $72.00 target price on shares of Dow Chemical Company (The) in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Dow Chemical Company (The) presently has a consensus rating of “Buy” and a consensus price target 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).