Lebenthal Asset Management LLC maintained its position in Dow Chemical Co (NYSE:DOW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,920 shares of the company’s stock at the end of the fourth quarter. Lebenthal Asset Management LLC’s holdings in Dow Chemical were worth $453,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its position in Dow Chemical by 5.7% in the fourth quarter. State Street Corp now owns 49,143,602 shares of the company’s stock valued at $2,811,994,000 after buying an additional 2,655,523 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Dow Chemical by 1.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 29,470,339 shares of the company’s stock valued at $1,527,448,000 after buying an additional 468,171 shares during the period. Franklin Resources Inc. increased its position in Dow Chemical by 17.8% in the fourth quarter. Franklin Resources Inc. now owns 28,544,097 shares of the company’s stock valued at $1,633,293,000 after buying an additional 4,313,967 shares during the period. Viking Global Investors LP acquired a new position in Dow Chemical during the fourth quarter valued at approximately $1,124,481,000. Finally, BlackRock Fund Advisors increased its position in Dow Chemical by 4.7% in the third quarter. BlackRock Fund Advisors now owns 14,361,661 shares of the company’s stock valued at $744,365,000 after buying an additional 649,698 shares during the period. 69.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dow Chemical Co (NYSE:DOW) opened at 63.08 on Monday. The company has a market cap of $76.54 billion, a PE ratio of 17.92 and a beta of 1.12. The company has a 50-day moving average of $62.57 and a 200 day moving average of $57.17. Dow Chemical Co has a 12-month low of $47.51 and a 12-month high of $64.73.
Dow Chemical (NYSE:DOW) last posted its quarterly earnings results on Thursday, January 26th. The company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.11. Dow Chemical had a return on equity of 16.85% and a net margin of 8.97%. The business earned $13 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts expect that Dow Chemical Co will post $4.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, March 31st will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.84 annualized dividend and a yield of 2.92%. Dow Chemical’s payout ratio is 54.76%.
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Several research analysts have commented on DOW shares. Vetr raised shares of Dow Chemical from a “sell” rating to a “hold” rating and set a $63.72 price target on the stock in a research note on Tuesday, February 14th. Jefferies Group LLC raised shares of Dow Chemical from a “hold” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $75.00 in a research note on Monday, March 6th. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the stock a “buy” rating in a report on Monday, March 20th. Zacks Investment Research upgraded shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, December 30th. Finally, Royal Bank of Canada raised their target price on shares of Dow Chemical from $68.00 to $72.00 and gave the stock a “top pick” rating in a report on Monday, December 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $68.02.
Dow Chemical Company Profile
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