Mastrapasqua Asset Management Inc. boosted its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 15.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,675 shares of the basic materials company’s stock after buying an additional 1,695 shares during the period. Mastrapasqua Asset Management Inc.’s holdings in Dow Chemical Company (The) were worth $805,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DOW. Pinnacle Bank purchased a new stake in Dow Chemical Company (The) during the first quarter valued at approximately $103,000. First Financial Corp IN raised its stake in Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock valued at $107,000 after buying an additional 750 shares during the last quarter. Cable Hill Partners LLC raised its stake in Dow Chemical Company (The) by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock valued at $112,000 after buying an additional 124 shares during the last quarter. Ruggie Capital Group raised its stake in Dow Chemical Company (The) by 262.7% in the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock valued at $168,000 after buying an additional 1,910 shares during the last quarter. Finally, Lyell Wealth Management LP purchased a new stake in Dow Chemical Company (The) during the first quarter valued at approximately $200,000. 68.79% of the stock is owned by institutional investors and hedge funds.

Shares of Dow Chemical Company (DOW) opened at 64.178 on Monday. The firm has a market cap of $78.52 billion, a PE ratio of 27.485 and a beta of 1.13. The stock’s 50 day moving average is $64.82 and its 200-day moving average is $62.82. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.07. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts predict that Dow Chemical Company will post $4.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is presently 76.99%.

TRADEMARK VIOLATION NOTICE: This article was originally published by Daily Political and is owned by of Daily Political. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2017/08/07/mastrapasqua-asset-management-inc-has-805000-position-in-dow-chemical-company-the-nysedow.html.

Several research firms have commented on DOW. UBS AG reissued a “buy” rating and set a $72.00 price target on shares of Dow Chemical Company (The) in a research report on Monday, May 15th. Credit Suisse Group set a $66.00 price target on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Sunday, April 30th. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Thursday, July 27th. BidaskClub lowered shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Cowen and Company increased their price objective on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Dow Chemical Company (The) has an average rating of “Buy” and an average price target of $71.42.

Dow Chemical Company (The) Company Profile

Want to see what other hedge funds are holding DOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Company (The) (NYSE:DOW).

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

Receive News & Ratings for Dow Chemical Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.