Westfield Capital Management Co. LP lowered its position in Dow Chemical Company (The) (NYSE:DOW) by 18.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,174,787 shares of the basic materials company’s stock after selling 492,777 shares during the period. Dow Chemical Company (The) comprises approximately 1.2% of Westfield Capital Management Co. LP’s investment portfolio, making the stock its 16th largest position. Westfield Capital Management Co. LP’s holdings in Dow Chemical Company (The) were worth $138,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in Dow Chemical Company (The) by 23.1% in the first quarter. Jennison Associates LLC now owns 2,487,443 shares of the basic materials company’s stock worth $158,052,000 after buying an additional 467,320 shares in the last quarter. Bremer Trust National Association raised its position in Dow Chemical Company (The) by 4.9% in the first quarter. Bremer Trust National Association now owns 21,010 shares of the basic materials company’s stock worth $1,335,000 after buying an additional 983 shares in the last quarter. Grassi Investment Management raised its position in Dow Chemical Company (The) by 0.4% in the first quarter. Grassi Investment Management now owns 114,251 shares of the basic materials company’s stock worth $7,260,000 after buying an additional 401 shares in the last quarter. Boston Advisors LLC raised its position in Dow Chemical Company (The) by 0.6% in the first quarter. Boston Advisors LLC now owns 137,814 shares of the basic materials company’s stock worth $8,757,000 after buying an additional 804 shares in the last quarter. Finally, Bollard Group LLC raised its position in Dow Chemical Company (The) by 8.8% in the first quarter. Bollard Group LLC now owns 89,528 shares of the basic materials company’s stock worth $5,689,000 after buying an additional 7,213 shares in the last quarter. 68.79% of the stock is owned by hedge funds and other institutional investors.

Dow Chemical Company (NYSE:DOW) opened at 63.61 on Wednesday. The firm has a market cap of $77.82 billion, a price-to-earnings ratio of 27.24 and a beta of 1.13. Dow Chemical Company has a 12 month low of $51.57 and a 12 month high of $67.50. The stock’s 50 day moving average is $64.76 and its 200-day moving average is $62.84.

Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping the 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 business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The business’s revenue was up 15.7% on a year-over-year basis. On average, analysts anticipate that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

The firm 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 $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is 76.99%.

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A number of research analysts have weighed in on DOW shares. Zacks Investment Research lowered shares of Dow Chemical Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a research report on Thursday, July 27th. Barclays PLC boosted their target price on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, May 1st. Citigroup Inc. boosted their target price on shares of Dow Chemical Company (The) from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $76.00 target price on shares of Dow Chemical Company (The) in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target 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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