Investors Sell Dow Chemical Company (The) (NYSE:DOW) on Strength (NYSE:DOW)

Traders sold shares of Dow Chemical Company (The) (NYSE:DOW) on strength during trading hours on Thursday. $60.38 million flowed into the stock on the tick-up and $85.26 million flowed out of the stock on the tick-down, for a money net flow of $24.88 million out of the stock. Of all companies tracked, Dow Chemical Company (The) had the 0th highest net out-flow for the day. Dow Chemical Company (The) traded up $0.14 for the day and closed at $66.10

A number of equities research analysts recently weighed in on DOW shares. Zacks Investment Research cut Dow Chemical Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Barclays PLC raised their price objective on Dow Chemical Company (The) from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, May 1st. Citigroup Inc. raised their price objective on Dow Chemical Company (The) from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price objective on shares of Dow Chemical Company (The) in a report on Friday, April 28th. Finally, Alembic Global Advisors set a $85.00 target price on Dow Chemical Company (The) and gave the stock a “buy” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $71.42.

The stock has a market capitalization of $78.43 billion, a price-to-earnings ratio of 27.46 and a beta of 1.13. The company 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $13.60 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. Analysts anticipate that Dow Chemical Company will post $4.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors 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 yield of 2.87%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is currently 76.99%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Command Bank increased its position in Dow Chemical Company (The) by 36.9% in the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock worth $102,000 after buying an additional 436 shares during the period. Pinnacle Bank acquired a new position in Dow Chemical Company (The) during the first quarter worth $103,000. West Oak Capital LLC increased its position in Dow Chemical Company (The) by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock worth $107,000 after buying an additional 379 shares during the period. First Financial Corp IN increased its position in Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock worth $107,000 after buying an additional 750 shares during the period. Finally, Cable Hill Partners LLC increased its position 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 worth $112,000 after buying an additional 124 shares during the period. 68.97% of the stock is owned by institutional investors and hedge funds.

Dow Chemical Company (The) Company Profile