Northern Capital Management LLC held its stake in Dow Chemical Co. (NYSE:DOW) during the second quarter, Holdings Channel reports. The firm owned 4,267 shares of the company’s stock at the end of the second quarter. Northern Capital Management LLC’s holdings in Dow Chemical were worth $212,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Dow Chemical during the second quarter worth about $111,000. Americafirst Capital Management LLC acquired a new stake in Dow Chemical during the second quarter valued at about $112,000. Smith Asset Management Group LP boosted its stake in Dow Chemical by 23.7% in the second quarter. Smith Asset Management Group LP now owns 2,350 shares of the company’s stock valued at $117,000 after buying an additional 450 shares during the last quarter. Cribstone Capital Management LLC acquired a new stake in Dow Chemical during the second quarter valued at about $120,000. Finally, Vigilant Capital Management LLC boosted its stake in Dow Chemical by 10.0% in the second quarter. Vigilant Capital Management LLC now owns 2,474 shares of the company’s stock valued at $123,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 67.52% of the company’s stock.
Shares of Dow Chemical Co. (NYSE:DOW) traded down 1.07% during trading on Tuesday, reaching $51.86. 6,884,016 shares of the company were exchanged. The company’s 50-day moving average is $53.04 and its 200 day moving average is $52.24. The firm has a market capitalization of $58.44 billion, a PE ratio of 7.58 and a beta of 1.40. Dow Chemical Co. has a 1-year low of $40.26 and a 1-year high of $57.10.
Dow Chemical (NYSE:DOW) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.86 by $0.09. The company had revenue of $12 billion for the quarter, compared to the consensus estimate of $11.24 billion. Dow Chemical had a net margin of 18.31% and a return on equity of 18.86%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. Equities research analysts expect that Dow Chemical Co. will post $3.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, September 30th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.55%. Dow Chemical’s dividend payout ratio is currently 27.10%.
Several analysts recently issued reports on DOW shares. Vetr cut Dow Chemical from a “buy” rating to a “sell” rating and set a $46.12 target price on the stock. in a research note on Monday, July 4th. Nomura raised their target price on Dow Chemical from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Credit Suisse Group AG reissued a “buy” rating on shares of Dow Chemical in a research note on Monday, June 27th. Citigroup Inc. raised Dow Chemical from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $59.00 in a research note on Monday. Finally, JPMorgan Chase & Co. cut Dow Chemical from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $57.00 to $50.00 in a research note on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $60.10.
Dow Chemical Company Profile
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