10 15 Associates Inc. Maintains Position in Dow Chemical Co (DOW)

10 15 Associates Inc. held its position in shares of Dow Chemical Co (NYSE:DOW) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,343 shares of the basic materials company’s stock at the end of the 1st quarter. 10 15 Associates Inc.’s holdings in Dow Chemical were worth $403,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DOW. Vanguard Group Inc. lifted its stake in Dow Chemical by 7.6% during the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock valued at $5,158,905,000 after purchasing an additional 5,722,128 shares during the last quarter. Jana Partners LLC acquired a new stake in Dow Chemical during the first quarter valued at approximately $225,688,000. Glenview Capital Management LLC lifted its stake in Dow Chemical by 34.8% during the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock valued at $753,847,000 after purchasing an additional 3,066,049 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Dow Chemical by 26.8% during the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock valued at $674,160,000 after purchasing an additional 2,237,295 shares during the last quarter. Finally, FMR LLC lifted its stake in Dow Chemical by 11.8% during the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock valued at $985,078,000 after purchasing an additional 1,638,866 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

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Several research firms recently commented on DOW. UBS AG reissued a “buy” rating and set a $72.00 target price on shares of Dow Chemical in a research note on Monday, May 15th. BidaskClub downgraded shares of Dow Chemical from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Dow Chemical from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Cowen and Company upped their price target on shares of Dow Chemical from $47.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, May 31st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $78.00 price target on shares of Dow Chemical in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Dow Chemical has a consensus rating of “Buy” and a consensus price target of $71.62.

Shares of Dow Chemical Co (NYSE DOW) remained flat at $66.65 on Tuesday. The company’s stock had a trading volume of 43,802,070 shares. Dow Chemical Co has a one year low of $51.57 and a one year high of $67.50. The company has a market cap of $81.54 billion, a price-to-earnings ratio of 28.54 and a beta of 1.13. The firm’s 50 day moving average is $64.79 and its 200 day moving average is $63.46.

Dow Chemical (NYSE:DOW) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. During the same period last year, the company earned $0.95 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts predict that Dow Chemical Co will post $4.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. Dow Chemical’s payout ratio is 76.99%.

Dow Chemical Company Profile

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

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