Dow Chemical Company (The) (NYSE:DOW) Shares Bought by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC increased its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,709 shares of the basic materials company’s stock after buying an additional 136 shares during the period. Greenwood Capital Associates LLC’s holdings in Dow Chemical Company (The) were worth $3,794,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in DOW. Dodge & Cox acquired a new position in shares of Dow Chemical Company (The) during the fourth quarter worth about $21,841,000. Aristotle Capital Management LLC raised its position in shares of 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 worth $240,082,000 after buying an additional 34,230 shares during the period. Norges Bank acquired a new position in shares of Dow Chemical Company (The) during the fourth quarter worth about $327,158,000. Sowell Financial Services LLC acquired a new position in shares of Dow Chemical Company (The) during the fourth quarter worth about $560,000. Finally, AE Wealth Management LLC acquired a new position in shares of Dow Chemical Company (The) during the fourth quarter worth about $886,000. Institutional investors and hedge funds own 68.97% of the company’s stock.

Shares of Dow Chemical Company (NYSE DOW) opened at 64.11 on Friday. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50. The firm has a market cap of $78.43 billion, a P/E ratio of 27.46 and a beta of 1.13. The firm has a 50-day moving average price of $64.82 and a 200-day moving average price of $62.82.

Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. On average, equities research analysts expect that Dow Chemical Company will post $4.08 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 paid a $0.46 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.84 annualized dividend and a dividend yield of 2.87%. Dow Chemical Company (The)’s payout ratio is 76.99%.

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A number of brokerages have recently issued reports on DOW. 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 research report on Thursday, July 27th. BidaskClub upgraded shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Cowen and Company restated a “hold” rating and set a $60.00 target price on shares of Dow Chemical Company (The) in a research 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 research report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $76.00 target price on shares of Dow Chemical Company (The) in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Dow Chemical Company (The) currently has a consensus rating of “Buy” and a consensus price target of $71.42.

About Dow Chemical Company (The)