Regent Investment Management LLC held its stake in shares of Dow Chemical Company (The) (NYSE:DOW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the basic materials company’s stock at the end of the second quarter. Regent Investment Management LLC’s holdings in Dow Chemical Company (The) were worth $378,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Cypress Capital Management LLC boosted its stake in shares of Dow Chemical Company (The) by 0.3% in the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock valued at $255,000 after buying an additional 12 shares in the last quarter. Mascoma Wealth Management LLC boosted its stake in Dow Chemical Company (The) by 0.4% in the second quarter. Mascoma Wealth Management LLC now owns 3,513 shares of the basic materials company’s stock valued at $222,000 after buying an additional 14 shares during the period. Capital Management Corp VA boosted its stake in Dow Chemical Company (The) by 0.3% in the first quarter. Capital Management Corp VA now owns 4,491 shares of the basic materials company’s stock valued at $285,000 after buying an additional 15 shares during the period. Guardian Life Insurance Co. of America boosted its stake in Dow Chemical Company (The) by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock valued at $274,000 after buying an additional 15 shares during the period. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in Dow Chemical Company (The) by 0.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 5,017 shares of the basic materials company’s stock valued at $319,000 after buying an additional 17 shares during the period. 69.03% of the stock is currently owned by hedge funds and other institutional investors.
Dow Chemical Company (NYSE:DOW) traded down 0.64% during midday trading on Friday, reaching $65.68. 3,841,299 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $64.81 and its 200 day moving average price is $62.66. The firm has a market cap of $80.36 billion, a price-to-earnings ratio of 28.13 and a beta of 1.13. Dow Chemical Company has a 1-year low of $51.57 and a 1-year high of $67.50.
Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $13.60 billion. During the same period in the prior year, the firm posted $0.95 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Equities research analysts anticipate that Dow Chemical Company will post $4.07 EPS for the current 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 paid 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 is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio is currently 76.99%.
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Several analysts have recently commented on DOW shares. Vetr raised shares of 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 research note on Monday, April 3rd. Citigroup Inc. reissued a “hold” rating and set a $35.00 price target (down from $69.00) on shares of Dow Chemical Company (The) in a research note on Friday, April 14th. Zacks Investment Research raised shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Tuesday, April 18th. Erste Group started coverage on shares of Dow Chemical Company (The) in a research note on Tuesday, April 25th. They set a “hold” rating on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $76.00 price target on shares of Dow Chemical Company (The) in a research note on Friday, April 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $71.42.
About Dow Chemical Company (The)
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