Armstrong Shaw Associates Inc. CT Decreases Position in Dow Chemical Company (The) (DOW)

Armstrong Shaw Associates Inc. CT reduced its position in shares of Dow Chemical Company (The) (NYSE:DOW) by 36.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 179,646 shares of the basic materials company’s stock after selling 105,211 shares during the period. Dow Chemical Company (The) makes up approximately 4.3% of Armstrong Shaw Associates Inc. CT’s portfolio, making the stock its 5th largest position. Armstrong Shaw Associates Inc. CT’s holdings in Dow Chemical Company (The) were worth $11,330,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Command Bank increased its stake in shares of 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 in the last quarter. Pinnacle Bank purchased a new stake in shares of Dow Chemical Company (The) during the first quarter worth approximately $103,000. West Oak Capital LLC increased its stake in shares of 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 in the last quarter. First Financial Corp IN increased its stake in shares of 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 in the last quarter. Finally, Cable Hill Partners LLC increased its stake in shares of 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 in the last quarter. 68.79% of the stock is currently owned by institutional investors.

Shares of Dow Chemical Company (NYSE DOW) traded up 0.24% during mid-day trading on Friday, reaching $63.26. 4,990,267 shares of the company were exchanged. The company’s 50-day moving average is $64.62 and its 200 day moving average is $63.06. The firm has a market capitalization of $77.40 billion, a price-to-earnings ratio of 27.09 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 quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 5.83% and a return on equity of 17.08%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 earnings per share. Analysts predict that Dow Chemical Company will post $4.08 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio is presently 76.99%.

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Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 target price on shares of Dow Chemical Company (The) in a report on Friday, April 28th. Cowen and Company upped their target price on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, May 31st. Zacks Investment Research cut shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Barclays PLC upped their target price on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $71.42.

Dow Chemical Company (The) Company Profile

Institutional Ownership by Quarter for Dow Chemical Company (The) (NYSE:DOW)

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