Dow Chemical Company (The) (DOW) Stake Boosted by AMG National Trust Bank

AMG National Trust Bank raised its position in Dow Chemical Company (The) (NYSE:DOW) by 2.1% during the first quarter, Holdings Channel reports. The institutional investor owned 36,025 shares of the basic materials company’s stock after buying an additional 749 shares during the period. AMG National Trust Bank’s holdings in Dow Chemical Company (The) were worth $2,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its position in shares of Dow Chemical Company (The) by 103.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 34,485 shares of the basic materials company’s stock worth $2,191,000 after buying an additional 17,531 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its position in shares of Dow Chemical Company (The) by 1.0% in the first quarter. Canandaigua National Bank & Trust Co. now owns 35,256 shares of the basic materials company’s stock worth $2,239,000 after buying an additional 333 shares in the last quarter. FTB Advisors Inc. boosted its position in shares of Dow Chemical Company (The) by 39.4% in the first quarter. FTB Advisors Inc. now owns 14,851 shares of the basic materials company’s stock worth $942,000 after buying an additional 4,197 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Dow Chemical Company (The) by 28.8% in the first quarter. Advisors Asset Management Inc. now owns 162,089 shares of the basic materials company’s stock worth $10,299,000 after buying an additional 36,217 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its position in shares of Dow Chemical Company (The) by 12.1% in the first quarter. Capital Investment Advisory Services LLC now owns 5,237 shares of the basic materials company’s stock worth $333,000 after buying an additional 566 shares in the last quarter. Hedge funds and other institutional investors own 69.55% of the company’s stock.

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

Shares of Dow Chemical Company (NYSE DOW) opened at 65.22 on Tuesday. The firm has a market cap of $79.68 billion, a price-to-earnings ratio of 16.07 and a beta of 1.12. The stock’s 50 day moving average is $62.53 and its 200 day moving average is $61.30. Dow Chemical Company has a 12-month low of $47.51 and a 12-month high of $65.47.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.46 per share. 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 (DPR) is presently 46.82%.

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A number of brokerages have commented on DOW. Cowen and Company raised their price target on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 31st. Credit Suisse Group set a $66.00 price target on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a research note on Sunday, April 30th. Citigroup Inc. raised their price target on shares of Dow Chemical Company (The) from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Barclays PLC raised their price target on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, May 1st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $76.00 price target on shares of Dow Chemical Company (The) in a research note 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 issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $69.47.

Dow Chemical Company (The) Company Profile

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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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