Carl Domino Inc Lowers Position in Dow Chemical Company (The) (DOW)

Carl Domino Inc cut its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 22.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,905 shares of the basic materials company’s stock after selling 7,000 shares during the period. Dow Chemical Company (The) makes up about 1.7% of Carl Domino Inc’s investment portfolio, making the stock its 15th largest position. Carl Domino Inc’s holdings in Dow Chemical Company (The) were worth $1,519,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pinnacle Bank bought a new stake in shares of Dow Chemical Company (The) during the first quarter valued at about $103,000. West Oak Capital LLC boosted 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 valued at $107,000 after buying an additional 379 shares during the last quarter. First Financial Corp IN boosted 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 valued at $107,000 after buying an additional 750 shares during the last quarter. Cable Hill Partners LLC boosted 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 valued at $112,000 after buying an additional 124 shares during the last quarter. Finally, Northwest Quadrant Wealth Management LLC bought a new stake in shares of Dow Chemical Company (The) during the fourth quarter valued at about $127,000. Institutional investors own 69.55% of the company’s stock.

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

Dow Chemical Company (DOW) opened at 65.22 on Tuesday. The stock has a 50 day moving average price of $62.53 and a 200 day moving average price of $61.30. The firm has a market cap of $79.68 billion, a price-to-earnings ratio of 16.07 and a beta of 1.12. Dow Chemical Company has a 52 week low of $47.51 and a 52 week high of $65.47.

Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly earnings data on Thursday, April 27th. The basic materials company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.05. The business had revenue of $13.23 billion during the quarter, compared to the consensus estimate of $12.46 billion. Dow Chemical Company (The) had a return on equity of 16.65% and a net margin of 9.77%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Equities research analysts expect that Dow Chemical Company will post $4.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, June 30th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, June 28th. Dow Chemical Company (The)’s dividend payout ratio is currently 46.82%.

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Several analysts have issued reports on the company. Credit Suisse Group set a $66.00 target price on Dow Chemical Company (The) and gave the company a “buy” rating in a report on Sunday, April 30th. Cowen and Company upped their target price on 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. Vetr cut Dow Chemical Company (The) from a “strong-buy” rating to a “buy” rating and set a $71.22 target price for the company. in a report on Monday, March 13th. Jefferies Group LLC upgraded Dow Chemical Company (The) from a “hold” rating to a “buy” rating and upped their target price for the company from $65.00 to $75.00 in a report on Monday, March 6th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Dow Chemical Company (The) presently has a consensus rating of “Buy” and a consensus price target of $69.47.

Dow Chemical Company (The) Company Profile

Want to see what other hedge funds are holding DOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Company (The) (NYSE:DOW).

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