Investec Asset Management North America Inc. increased its position in Dow Chemical Company (The) (NYSE:DOW) by 470.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,741 shares of the basic materials company’s stock after buying an additional 146,581 shares during the period. Dow Chemical Company (The) accounts for about 2.1% of Investec Asset Management North America Inc.’s holdings, making the stock its 24th largest position. Investec Asset Management North America Inc.’s holdings in Dow Chemical Company (The) were worth $11,294,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of DOW. Pinnacle Bank acquired a new position in shares of Dow Chemical Company (The) during the first quarter valued at approximately $103,000. First Financial Corp IN boosted its position in shares of 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 in the last quarter. Ruggie Capital Group boosted its position in shares of 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 in the last quarter. Lyell Wealth Management LP acquired a new position in shares of Dow Chemical Company (The) during the first quarter valued at approximately $200,000. Finally, Chelsea Counsel Co. acquired a new position in shares of Dow Chemical Company (The) during the first quarter valued at approximately $200,000. 68.79% of the stock is owned by hedge funds and other institutional investors.

Shares of Dow Chemical Company (NYSE:DOW) traded up 0.19% during midday trading on Wednesday, hitting $63.53. 647,728 shares of the stock were exchanged. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50. The firm has a 50 day moving average of $64.76 and a 200 day moving average of $62.84. The firm has a market cap of $77.73 billion, a P/E ratio of 27.21 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. During the same period in the prior year, the firm posted $0.95 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. Equities analysts forecast that Dow Chemical Company will post $4.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.90%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is 76.99%.

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Several brokerages have commented on DOW. BidaskClub raised shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price target on shares of Dow Chemical Company (The) in a research report on Friday, April 28th. Cowen and Company raised their price target 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. Zacks Investment Research cut shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Barclays PLC raised their price target on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, May 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Dow Chemical Company (The) currently has a consensus rating of “Buy” and an average target price of $71.42.

About Dow Chemical Company (The)

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

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