Edmond DE Rothschild Holding S.A. reduced its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 8.0% during the first quarter, Holdings Channel reports. The institutional investor owned 16,219 shares of the basic materials company’s stock after selling 1,411 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Dow Chemical Company (The) were worth $1,031,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in DOW. Cypress Capital Management LLC increased its position in Dow Chemical Company (The) by 0.3% in the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock valued at $255,000 after buying an additional 12 shares in the last quarter. Capital Management Corp VA increased its position in Dow Chemical Company (The) by 0.3% in the first quarter. Capital Management Corp VA now owns 4,491 shares of the basic materials company’s stock valued at $285,000 after buying an additional 15 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in Dow Chemical Company (The) by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock valued at $274,000 after buying an additional 15 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its position in Dow Chemical Company (The) by 0.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 5,017 shares of the basic materials company’s stock valued at $319,000 after buying an additional 17 shares in the last quarter. Finally, Stokes & Hubbell Capital Management LLC increased its position in Dow Chemical Company (The) by 0.4% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 6,037 shares of the basic materials company’s stock valued at $384,000 after buying an additional 23 shares in the last quarter. 68.79% of the stock is owned by institutional investors.

Shares of Dow Chemical Company (NYSE:DOW) traded up 0.17% during trading on Friday, hitting $63.22. The stock had a trading volume of 834,602 shares. The company has a market cap of $77.35 billion, a P/E ratio of 27.07 and a beta of 1.13. The stock’s 50-day moving average price is $64.63 and its 200-day moving average price is $63.02. Dow Chemical Company has a one year low of $51.57 and a one year high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last announced its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.07. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. On average, equities research analysts forecast that Dow Chemical Company will post $4.08 EPS for the current fiscal 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 paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s payout ratio is currently 76.99%.

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Several equities analysts have weighed in on the company. UBS AG reaffirmed a “buy” rating and issued a $72.00 target price on shares of Dow Chemical Company (The) in a research report on Monday, May 15th. Credit Suisse Group set a $66.00 target price on Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Sunday, April 30th. BidaskClub downgraded Dow Chemical Company (The) from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research raised Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, April 18th. Finally, Cowen and Company lifted their target price on 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 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) has a consensus rating of “Buy” and a consensus target price 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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