Traders Sell Shares of Dow Chemical Co. (DOW) on Strength (DOW)
Traders sold shares of Dow Chemical Co. (NYSE:DOW) on strength during trading on Friday. $27.16 million flowed into the stock on the tick-up and $43.10 million flowed out of the stock on the tick-down, for a money net flow of $15.94 million out of the stock. Of all equities tracked, Dow Chemical had the 25th highest net out-flow for the day. Dow Chemical traded up $0.62 for the day and closed at $53.12
DOW has been the subject of a number of recent analyst reports. Vetr upgraded shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $53.70 price objective for the company in a report on Wednesday, May 4th. Deutsche Bank AG restated a “buy” rating on shares of Dow Chemical in a report on Monday, April 4th. Royal Bank Of Canada restated a “buy” rating on shares of Dow Chemical in a report on Saturday, April 30th. Credit Suisse Group AG restated a “buy” rating on shares of Dow Chemical in a report on Saturday, April 30th. Finally, Nomura Holdings Inc. restated a “buy” rating on shares of Dow Chemical in a report on Tuesday, July 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $55.58.
The firm has a 50-day moving average of $51.68 and a 200 day moving average of $49.82. The stock has a market capitalization of $59.64 billion and a P/E ratio of 10.14.
Dow Chemical (NYSE:DOW) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. The company earned $10.70 billion during the quarter, compared to analysts’ expectations of $10.66 billion. During the same period in the prior year, the business posted $0.84 EPS. The company’s quarterly revenue was down 13.5% on a year-over-year basis. On average, analysts expect that Dow Chemical Co. will post $3.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.46%.
Other hedge funds and institutional investors recently bought and sold shares of the company. AMG National Trust Bank boosted its position in Dow Chemical by 67.2% in the fourth quarter. AMG National Trust Bank now owns 36,053 shares of the company’s stock worth $1,856,000 after buying an additional 14,494 shares in the last quarter. Fagan Associates Inc. boosted its position in Dow Chemical by 18.6% in the fourth quarter. Fagan Associates Inc. now owns 38,110 shares of the company’s stock worth $1,962,000 after buying an additional 5,965 shares in the last quarter. State of Wisconsin Investment Board boosted its position in Dow Chemical by 86.3% in the fourth quarter. State of Wisconsin Investment Board now owns 1,189,483 shares of the company’s stock worth $61,235,000 after buying an additional 550,840 shares in the last quarter. Usca Ria LLC boosted its position in Dow Chemical by 21.4% in the fourth quarter. Usca Ria LLC now owns 102,107 shares of the company’s stock worth $5,256,000 after buying an additional 17,988 shares in the last quarter. Finally, Alpha Cubed Investments LLC boosted its position in Dow Chemical by 6.0% in the fourth quarter. Alpha Cubed Investments LLC now owns 78,651 shares of the company’s stock worth $4,049,000 after buying an additional 4,446 shares in the last quarter.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.