LS Investment Advisors LLC boosted its stake in shares of Dow Chemical Co. (NYSE:DOW) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,547 shares of the company’s stock after buying an additional 1,382 shares during the period. LS Investment Advisors LLC’s holdings in Dow Chemical were worth $2,016,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in the stock. FDO Partners LLC purchased a new stake in shares of Dow Chemical during the first quarter valued at about $571,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in shares of Dow Chemical during the first quarter valued at about $275,000. RMB Capital Management LLC purchased a new stake in shares of Dow Chemical during the first quarter valued at about $2,787,000. Rehmann Capital Advisory Group increased its stake in shares of Dow Chemical by 0.4% in the first quarter. Rehmann Capital Advisory Group now owns 193,035 shares of the company’s stock valued at $9,818,000 after buying an additional 813 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Dow Chemical by 1.6% in the first quarter. Prudential Financial Inc. now owns 1,512,116 shares of the company’s stock valued at $76,906,000 after buying an additional 23,400 shares during the period. 67.52% of the stock is currently owned by institutional investors.
Dow Chemical Co. (NYSE:DOW) traded down 1.12% during midday trading on Friday, reaching $52.99. 6,810,064 shares of the company’s stock were exchanged. The company has a market cap of $59.71 billion, a price-to-earnings ratio of 7.74 and a beta of 1.40. Dow Chemical Co. has a 52 week low of $40.26 and a 52 week high of $57.10. The firm has a 50-day moving average price of $53.07 and a 200 day moving average price of $52.26.
Dow Chemical (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. Dow Chemical had a net margin of 18.31% and a return on equity of 18.86%. The business had revenue of $12 billion for the quarter, compared to analyst estimates of $11.24 billion. During the same period last year, the business posted $0.91 earnings per share. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. Analysts anticipate 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 of this dividend is Wednesday, September 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.47%. Dow Chemical’s payout ratio is 27.10%.
A number of equities analysts have recently weighed in on the stock. Vetr raised shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $57.48 price target on the stock in a research note on Monday, September 5th. Nomura upped their price target on shares of Dow Chemical from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $61.00 price target on shares of Dow Chemical in a research note on Friday, July 29th. JPMorgan Chase & Co. raised shares of Dow Chemical from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $50.00 to $60.00 in a research note on Friday, July 29th. Finally, Barclays PLC upped their price target on shares of Dow Chemical from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. Dow Chemical presently has an average rating of “Buy” and an average price target of $60.10.
Dow Chemical Company Profile
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