Dow Chemical Company (The) (NYSE:DOW) Position Held by Private Capital Management Inc.

Private Capital Management Inc. continued to hold its stake in Dow Chemical Company (The) (NYSE:DOW) during the second quarter, Holdings Channel reports. The firm owned 4,700 shares of the basic materials company’s stock at the end of the second quarter. Private Capital Management Inc.’s holdings in Dow Chemical Company (The) were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DOW. First Command Bank raised its stake in Dow Chemical Company (The) 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 buying an additional 436 shares in the last quarter. Pinnacle Bank bought a new stake in Dow Chemical Company (The) during the first quarter valued at about $103,000. First Financial Corp IN raised its stake in 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 in the last quarter. Perkins Coie Trust Co raised its stake in Dow Chemical Company (The) 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 buying an additional 480 shares in the last quarter. Finally, Ruggie Capital Group raised its stake in Dow Chemical Company (The) 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 buying an additional 1,910 shares in the last quarter. 68.79% of the stock is owned by institutional investors and hedge funds.

Shares of Dow Chemical Company (NYSE DOW) traded down 1.39% during trading on Thursday, hitting $62.62. The stock had a trading volume of 2,208,463 shares. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50. The firm has a market cap of $76.61 billion, a P/E ratio of 26.82 and a beta of 1.13. The firm has a 50 day moving average price of $64.65 and a 200 day moving average price of $63.02.

Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. Dow Chemical Company (The)’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company posted $0.95 EPS. On average, equities analysts expect that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio is presently 76.99%.

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Several analysts have issued reports on the company. BidaskClub raised Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 price target on shares of Dow Chemical Company (The) in a report on Friday, April 28th. Cowen and Company boosted their price target 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. Zacks Investment Research lowered Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Barclays PLC boosted their price target on Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $71.42.

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).

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

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