Aberdeen Asset Management PLC UK decreased its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 0.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 814,575 shares of the basic materials company’s stock after selling 3,908 shares during the period. Aberdeen Asset Management PLC UK owned about 0.07% of Dow Chemical Company (The) worth $51,758,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of DOW. Sowell Financial Services LLC bought a new position in Dow Chemical Company (The) during the fourth quarter valued at approximately $560,000. Norges Bank bought a new position in Dow Chemical Company (The) during the fourth quarter valued at approximately $327,158,000. Aristotle Capital Management LLC boosted its position in Dow Chemical Company (The) by 0.8% in the fourth quarter. Aristotle Capital Management LLC now owns 4,195,770 shares of the basic materials company’s stock valued at $240,082,000 after buying an additional 34,230 shares in the last quarter. Dodge & Cox bought a new position in Dow Chemical Company (The) during the fourth quarter valued at approximately $21,841,000. Finally, Wealthfront Inc. boosted its position in Dow Chemical Company (The) by 25.0% in the fourth quarter. Wealthfront Inc. now owns 28,178 shares of the basic materials company’s stock valued at $1,612,000 after buying an additional 5,635 shares in the last quarter. Institutional investors and hedge funds own 69.03% of the company’s stock.
Shares of Dow Chemical Company (DOW) opened at 65.68 on Friday. The company has a market capitalization of $80.24 billion, a PE ratio of 16.18 and a beta of 1.13. The firm’s 50-day moving average is $64.81 and its 200-day moving average is $62.66. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50.
Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. During the same quarter last year, the firm posted $0.95 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities research analysts anticipate that Dow Chemical Company will post $4.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is presently 76.99%.
A number of brokerages recently issued reports on DOW. Vetr upgraded shares of Dow Chemical Company (The) from a “buy” rating to a “strong-buy” rating and set a $71.22 price objective for the company in a report on Monday, April 3rd. Citigroup Inc. reiterated a “hold” rating and issued a $35.00 price objective (down from $69.00) on shares of Dow Chemical Company (The) in a report on Friday, April 14th. Zacks Investment Research upgraded shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday, April 18th. Erste Group began coverage on shares of Dow Chemical Company (The) in a report on Tuesday, April 25th. They issued a “hold” rating for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 price objective on shares of Dow Chemical Company (The) in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $69.69.
Dow Chemical Company (The) Company Profile
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