Janney Capital Management LLC Purchases 110 Shares of Dow Chemical Co (DOW)

Janney Capital Management LLC grew its position in shares of Dow Chemical Co (NYSE:DOW) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,801 shares of the basic materials company’s stock after acquiring an additional 110 shares during the quarter. Janney Capital Management LLC’s holdings in Dow Chemical were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Command Bank increased its holdings in shares of Dow Chemical by 36.9% during the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 436 shares in the last quarter. Perkins Coie Trust Co increased its holdings in shares of Dow Chemical by 33.7% during the second quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 480 shares in the last quarter. Financial Architects Inc increased its holdings in shares of Dow Chemical by 0.4% during the second quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 10 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Dow Chemical by 49.3% during the second quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock valued at $147,000 after acquiring an additional 770 shares in the last quarter. Finally, Ruggie Capital Group increased its holdings in shares of Dow Chemical by 262.7% during the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 1,910 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Dow Chemical Co (DOW) opened at 66.65 on Wednesday. The company’s 50 day moving average price is $64.79 and its 200 day moving average price is $63.46. Dow Chemical Co has a 12 month low of $51.57 and a 12 month high of $67.50. The stock has a market cap of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13.

Dow Chemical (NYSE:DOW) last issued its earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.01 by $0.07. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The business 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 business posted $0.95 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. Equities analysts forecast that Dow Chemical Co will post $4.11 EPS for the current fiscal year.

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

DOW has been the subject of several recent research reports. BidaskClub upgraded Dow Chemical from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Alembic Global Advisors set a $85.00 price objective on Dow Chemical and gave the company a “buy” rating in a report on Thursday, July 27th. Cowen and Company restated a “hold” rating and set a $60.00 price objective on shares of Dow Chemical in a report on Monday, August 28th. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price objective on shares of Dow Chemical in a report on Thursday, July 6th. Finally, Zacks Investment Research downgraded Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $71.62.

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Dow Chemical Company Profile

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

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