Dow Chemical Co (DOW) Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its stake in shares of Dow Chemical Co (NYSE:DOW) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,087 shares of the basic materials company’s stock after selling 847 shares during the quarter. Brookstone Capital Management’s holdings in Dow Chemical were worth $5,871,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DOW. Waldron LP raised its stake in Dow Chemical by 80.8% during the 1st quarter. Waldron LP now owns 9,150 shares of the basic materials company’s stock worth $580,000 after acquiring an additional 4,089 shares in the last quarter. Trust Co. of Vermont raised its stake in Dow Chemical by 1.8% during the 1st quarter. Trust Co. of Vermont now owns 12,937 shares of the basic materials company’s stock worth $822,000 after acquiring an additional 225 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in Dow Chemical by 3.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 175,422 shares of the basic materials company’s stock worth $11,146,000 after acquiring an additional 5,894 shares in the last quarter. LS Investment Advisors LLC raised its stake in Dow Chemical by 7.1% during the 1st quarter. LS Investment Advisors LLC now owns 43,351 shares of the basic materials company’s stock worth $2,755,000 after acquiring an additional 2,888 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dow Chemical by 24.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 356,018 shares of the basic materials company’s stock worth $22,621,000 after acquiring an additional 70,702 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Several equities research analysts recently commented on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $78.00 price target on shares of Dow Chemical in a research note on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Cowen and Company restated a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a research note on Monday, August 28th. BidaskClub upgraded shares of Dow Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical and gave the company a “buy” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $72.02.

Shares of Dow Chemical Co (NYSE:DOW) opened at 66.65 on Wednesday. Dow Chemical Co has a one year low of $51.57 and a one year high of $67.50. The stock has a 50 day moving average of $64.79 and a 200 day moving average of $63.46. The stock has a market cap of $81.54 billion, a P/E 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 earnings per share for the quarter, topping 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 analysts’ expectations of $13.60 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. Equities analysts expect that Dow Chemical Co will post $4.11 EPS for the current fiscal year.

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Dow Chemical Company Profile

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

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