Dow Chemical Co (DOW) Position Boosted by Cadence Capital Management LLC

Cadence Capital Management LLC raised its stake in Dow Chemical Co (NYSE:DOW) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,308 shares of the basic materials company’s stock after purchasing an additional 1,849 shares during the period. Cadence Capital Management LLC’s holdings in Dow Chemical were worth $9,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Command Bank increased its stake in Dow Chemical by 36.9% in the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 436 shares in the last quarter. Perkins Coie Trust Co increased its stake in Dow Chemical by 33.7% in the second quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 480 shares in the last quarter. Financial Architects Inc increased its stake in Dow Chemical by 0.4% in the second quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 10 shares in the last quarter. MCF Advisors LLC increased its stake in Dow Chemical by 49.3% in the second quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock valued at $147,000 after purchasing an additional 770 shares in the last quarter. Finally, Ruggie Capital Group increased its stake in Dow Chemical by 262.7% in the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 1,910 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

DOW has been the subject of several research analyst reports. BidaskClub raised shares of Dow Chemical from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Cowen and Company reaffirmed a “hold” rating and issued a $60.00 price target on shares of Dow Chemical in a research note on Monday, August 28th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Zacks Investment Research downgraded shares of Dow Chemical from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $78.00 price target on shares of Dow Chemical in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $72.02.

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Shares of Dow Chemical Co (NYSE DOW) opened at 66.65 on Wednesday. The stock’s 50 day moving average is $64.79 and its 200 day moving average is $63.46. Dow Chemical Co has a 52-week low of $51.57 and a 52-week high of $67.50. The company has a market capitalization of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13.

Dow Chemical (NYSE:DOW) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. During the same period last year, the company posted $0.95 EPS. Dow Chemical’s revenue was up 15.7% on a year-over-year basis. Equities analysts expect that Dow Chemical Co will post $4.11 EPS for the current year.

Dow Chemical Company Profile

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

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