Roanoke Asset Management Corp NY Has $2.01 Million Stake in Dow Chemical Company (The) (NYSE:DOW)

Roanoke Asset Management Corp NY boosted its stake in Dow Chemical Company (The) (NYSE:DOW) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,838 shares of the basic materials company’s stock after buying an additional 1,663 shares during the period. Roanoke Asset Management Corp NY’s holdings in Dow Chemical Company (The) were worth $2,008,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Gillespie Robinson & Grimm Inc. raised its stake in Dow Chemical Company (The) by 4.9% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 3,800 shares of the basic materials company’s stock valued at $241,000 after buying an additional 179 shares during the last quarter. Burke & Herbert Bank & Trust Co. raised its stake in Dow Chemical Company (The) by 2.7% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 12,011 shares of the basic materials company’s stock valued at $763,000 after buying an additional 312 shares during the last quarter. Cable Hill Partners LLC raised its stake 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. Cordasco Financial Network raised its stake in Dow Chemical Company (The) by 0.3% in the first quarter. Cordasco Financial Network now owns 10,055 shares of the basic materials company’s stock valued at $639,000 after buying an additional 34 shares during the last quarter. Finally, New England Research & Management Inc. purchased a new stake in Dow Chemical Company (The) during the first quarter valued at $203,000. 68.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dow Chemical Company (NYSE DOW) traded up 0.84% during midday trading on Friday, reaching $63.96. 1,804,920 shares of the company’s stock were exchanged. The company’s 50 day moving average is $64.82 and its 200-day moving average is $62.82. The stock has a market cap of $78.25 billion, a PE ratio of 27.39 and a beta of 1.13. 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 released its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. During the same quarter in the previous year, the business posted $0.95 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts forecast that Dow Chemical Company will post $4.08 EPS for the current fiscal year.

The company 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 dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is currently 76.99%.

TRADEMARK VIOLATION WARNING: This report was originally posted by [[site]] and is the sole property of of [[site]]. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at [[permalink]].

Several equities research analysts have recently weighed in on the stock. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a report on Thursday, July 27th. BidaskClub raised shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Cowen and Company reaffirmed a “hold” rating and issued a $60.00 target price on shares of Dow Chemical Company (The) in a report on Friday, July 14th. 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, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 target price on shares of Dow Chemical Company (The) in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $71.42.

Dow Chemical Company (The) Company Profile