B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund raised its position in Dow Chemical Company (The) (NYSE:DOW) by 70.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,745 shares of the basic materials company’s stock after buying an additional 27,580 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Dow Chemical Company (The) were worth $4,241,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Dow Chemical Company (The) by 7.6% in the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock worth $5,158,905,000 after buying an additional 5,722,128 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Dow Chemical Company (The) by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 16,540,923 shares of the basic materials company’s stock worth $1,051,010,000 after buying an additional 130,524 shares during the last quarter. FMR LLC raised its stake in Dow Chemical Company (The) by 11.8% in the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock worth $985,078,000 after buying an additional 1,638,866 shares during the last quarter. Glenview Capital Management LLC raised its stake in Dow Chemical Company (The) by 34.8% in the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock worth $753,847,000 after buying an additional 3,066,049 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Dow Chemical Company (The) by 26.8% in the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock worth $674,160,000 after buying an additional 2,237,295 shares during the last quarter. Hedge funds and other institutional investors own 68.79% of the company’s stock.

Dow Chemical Company (NYSE DOW) traded up 0.24% during mid-day trading on Friday, reaching $63.26. 4,990,267 shares of the company traded hands. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $67.50. The firm has a market capitalization of $77.40 billion, a price-to-earnings ratio of 27.09 and a beta of 1.13. The stock’s 50 day moving average price is $64.62 and its 200 day moving average price is $63.06.

Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating 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 company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. During the same period in the previous year, the company posted $0.95 EPS. Dow Chemical Company (The)’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 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. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.91%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is presently 76.99%.

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A number of analysts have recently weighed in on DOW shares. Credit Suisse Group set a $66.00 price objective on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a research note on Sunday, April 30th. Zacks Investment Research upgraded shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, April 18th. BidaskClub upgraded shares of Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, UBS AG reiterated a “buy” rating and issued a $72.00 price objective on shares of Dow Chemical Company (The) in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus 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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