Diligent Investors LLC boosted its stake in shares of Dow Chemical Co. (NYSE:DOW) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 10,455 shares of the company’s stock after buying an additional 1 shares during the period. Diligent Investors LLC’s holdings in Dow Chemical were worth $520,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of DOW. Teachers Advisors Inc. increased its position in Dow Chemical by 2.7% in the first quarter. Teachers Advisors Inc. now owns 2,868,614 shares of the company’s stock valued at $145,898,000 after buying an additional 75,856 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Dow Chemical by 2.3% in the first quarter. TIAA CREF Investment Management LLC now owns 8,936,643 shares of the company’s stock worth $454,518,000 after buying an additional 205,142 shares in the last quarter. Ngam Advisors L.P. increased its stake in shares of Dow Chemical by 15.3% in the first quarter. Ngam Advisors L.P. now owns 117,675 shares of the company’s stock worth $5,985,000 after buying an additional 15,577 shares in the last quarter. Dubuque Bank & Trust Co. increased its stake in shares of Dow Chemical by 435.5% in the first quarter. Dubuque Bank & Trust Co. now owns 20,032 shares of the company’s stock worth $1,019,000 after buying an additional 16,291 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its stake in shares of Dow Chemical by 3.5% in the first quarter. WASHINGTON TRUST Co now owns 145,225 shares of the company’s stock worth $7,386,000 after buying an additional 4,912 shares in the last quarter. 67.52% of the stock is currently owned by institutional investors.
Shares of Dow Chemical Co. (NYSE:DOW) traded up 1.62% during mid-day trading on Wednesday, reaching $52.70. The company’s stock had a trading volume of 6,349,456 shares. The firm has a market cap of $59.38 billion, a price-to-earnings ratio of 7.70 and a beta of 1.40. Dow Chemical Co. has a 12 month low of $40.26 and a 12 month high of $57.10. The company’s 50-day moving average is $53.04 and its 200 day moving average is $52.24.
Dow Chemical (NYSE:DOW) last announced its earnings results on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. Dow Chemical had a net margin of 18.31% and a return on equity of 18.86%. The company earned $12 billion during the quarter, compared to analyst estimates of $11.24 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Dow Chemical Co. will post $3.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be given a $0.46 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.84 annualized dividend and a yield of 3.49%. Dow Chemical’s dividend payout ratio (DPR) is presently 27.10%.
A number of brokerages recently issued reports on DOW. Credit Suisse Group AG reissued a “buy” rating and set a $61.00 price target on shares of Dow Chemical in a research report on Friday, July 29th. Vetr downgraded Dow Chemical from a “sell” rating to a “strong sell” rating and set a $46.12 price target on the stock. in a research report on Monday, July 18th. Nomura reissued a “buy” rating on shares of Dow Chemical in a research report on Tuesday, July 12th. RBC Capital Markets set a $65.00 price target on Dow Chemical and gave the stock a “buy” rating in a research report on Tuesday, September 20th. Finally, JPMorgan Chase & Co. upgraded Dow Chemical from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $50.00 to $60.00 in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Dow Chemical currently has an average rating of “Buy” and an average price target of $60.10.
About Dow Chemical
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