Aberdeen Asset Management PLC UK Sells 3,908 Shares of Dow Chemical Company (The) (NYSE:DOW)

Aberdeen Asset Management PLC UK decreased its position in Dow Chemical Company (The) (NYSE:DOW) by 0.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm 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 0.07% of Dow Chemical Company (The) worth $51,758,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of DOW. Cypress Capital Management LLC boosted its stake in 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 worth $255,000 after buying an additional 12 shares in the last quarter. 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 worth $285,000 after buying an additional 15 shares in the last quarter. 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 worth $319,000 after buying an additional 17 shares in the last quarter. Stokes & Hubbell Capital Management LLC boosted its stake in Dow Chemical Company (The) by 0.4% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 6,037 shares of the basic materials company’s stock worth $384,000 after buying an additional 23 shares in the last quarter. Finally, Financial Advisory Service Inc. boosted its stake in Dow Chemical Company (The) by 0.4% in the first quarter. Financial Advisory Service Inc. now owns 5,529 shares of the basic materials company’s stock worth $351,000 after buying an additional 23 shares in the last quarter. 68.79% of the stock is currently owned by institutional investors and hedge funds.

Dow Chemical Company (DOW) traded down 0.74% during midday trading on Tuesday, hitting $63.41. The stock had a trading volume of 4,113,367 shares. Dow Chemical Company has a one year low of $51.57 and a one year high of $67.50. The stock has a 50-day moving average price of $64.82 and a 200 day moving average price of $62.82. The firm has a market cap of $77.58 billion, a PE ratio of 27.16 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last announced its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.07. The firm had revenue of $13.83 billion for 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 for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. On average, analysts predict that Dow Chemical Company will post $4.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s payout ratio is currently 76.99%.

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A number of equities research analysts recently issued reports on DOW shares. Credit Suisse Group set a $66.00 price target on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Sunday, April 30th. 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. BidaskClub raised shares of Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Alembic Global Advisors set a $85.00 price target on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, UBS AG reissued a “buy” rating and issued a $72.00 price target on shares of Dow Chemical Company (The) in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $71.42.

About Dow Chemical Company (The)