Bartlett & Co. LLC boosted its position in Dow Chemical Co. (NYSE:DOW) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,770 shares of the company’s stock after buying an additional 850 shares during the period. Bartlett & Co. LLC’s holdings in Dow Chemical were worth $1,182,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Americafirst Capital Management LLC purchased a new stake in Dow Chemical during the second quarter worth $112,000. Smith Asset Management Group LP increased its stake in Dow Chemical by 23.7% in the second quarter. Smith Asset Management Group LP now owns 2,350 shares of the company’s stock worth $117,000 after buying an additional 450 shares in the last quarter. Cribstone Capital Management LLC purchased a new stake in Dow Chemical during the second quarter worth $120,000. Vigilant Capital Management LLC increased its stake in Dow Chemical by 10.0% in the second quarter. Vigilant Capital Management LLC now owns 2,474 shares of the company’s stock worth $123,000 after buying an additional 224 shares in the last quarter. Finally, Capital Analysts LLC increased its stake in Dow Chemical by 26.0% in the second quarter. Capital Analysts LLC now owns 2,557 shares of the company’s stock worth $127,000 after buying an additional 527 shares in the last quarter. 67.52% of the stock is owned by institutional investors.
Dow Chemical Co. (NYSE:DOW) traded up 0.19% during trading on Friday, hitting $51.83. The company had a trading volume of 6,649,584 shares. The stock has a market capitalization of $58.40 billion, a price-to-earnings ratio of 7.57 and a beta of 1.52. Dow Chemical Co. has a 1-year low of $40.26 and a 1-year high of $57.10. The company’s 50 day moving average price is $53.06 and its 200-day moving average price is $52.20.
Dow Chemical (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The business had revenue of $12 billion for the quarter, compared to analysts’ expectations of $11.24 billion. Dow Chemical had a return on equity of 18.86% and a net margin of 18.31%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, analysts expect that Dow Chemical Co. will post $3.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be issued a dividend of $0.46 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.55%. Dow Chemical’s dividend payout ratio (DPR) is 27.10%.
A number of research analysts recently commented on the company. Nomura reaffirmed a “buy” rating on shares of Dow Chemical in a research note on Tuesday, July 12th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Dow Chemical in a research note on Monday, June 27th. Vetr raised Dow Chemical from a “hold” rating to a “buy” rating and set a $57.48 price target for the company in a research note on Monday, September 5th. RBC Capital Markets set a $65.00 price target on Dow Chemical and gave the company a “buy” rating in a research note on Tuesday, September 20th. Finally, Barclays PLC boosted their price target on Dow Chemical from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $59.83.
About Dow Chemical
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