Terra Nova Asset Management LLC continued to hold its position in shares of Dow Chemical Company (The) (NYSE:DOW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,890 shares of the basic materials company’s stock at the end of the second quarter. Terra Nova Asset Management LLC’s holdings in Dow Chemical Company (The) were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DOW. Macquarie Group Ltd. raised its position in shares of Dow Chemical Company (The) by 112.4% in the fourth quarter. Macquarie Group Ltd. now owns 341,482 shares of the basic materials company’s stock valued at $19,540,000 after buying an additional 180,697 shares during the period. Gillespie Robinson & Grimm Inc. raised its position in shares of Dow Chemical Company (The) by 4.9% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 3,800 shares of the basic materials company’s stock valued at $241,000 after buying an additional 179 shares during the period. Stock Yards Bank & Trust Co. raised its position in shares of Dow Chemical Company (The) by 3.0% in the first quarter. Stock Yards Bank & Trust Co. now owns 15,020 shares of the basic materials company’s stock valued at $954,000 after buying an additional 435 shares during the period. Chesley Taft & Associates LLC raised its position in shares of Dow Chemical Company (The) by 2.8% in the first quarter. Chesley Taft & Associates LLC now owns 16,360 shares of the basic materials company’s stock valued at $1,040,000 after buying an additional 450 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in Dow Chemical Company (The) by 2.1% in the first quarter. Gulf International Bank UK Ltd now owns 349,815 shares of the basic materials company’s stock valued at $22,227,000 after buying an additional 7,100 shares in the last quarter. 68.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dow Chemical Company (NYSE DOW) traded down 0.21% on Wednesday, reaching $63.28. The company’s stock had a trading volume of 1,374,229 shares. The company has a market cap of $77.42 billion, a price-to-earnings ratio of 27.10 and a beta of 1.13. The stock has a 50-day moving average of $64.76 and a 200 day moving average of $62.84. 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 posted its earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. On average, equities research analysts forecast that Dow Chemical Company will post $4.08 earnings per share for the current year.

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

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DOW has been the subject of several recent research reports. Citigroup Inc. restated a “hold” rating and set a $35.00 price objective (down previously from $69.00) on shares of Dow Chemical Company (The) in a report on Friday, April 14th. BidaskClub upgraded Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday, April 18th. Barclays PLC boosted their price objective on Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. Finally, Erste Group initiated coverage on Dow Chemical Company (The) in a report on Tuesday, April 25th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $71.42.

Dow Chemical Company (The) Company Profile

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

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