CNA Financial Corp cut its stake in Dow Chemical Company (The) (NYSE:DOW) by 18.8% during the first quarter, Holdings Channel reports. The firm owned 51,555 shares of the basic materials company’s stock after selling 11,975 shares during the period. CNA Financial Corp’s holdings in Dow Chemical Company (The) were worth $3,276,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pinnacle Bank bought a new stake in shares of Dow Chemical Company (The) during the first quarter worth approximately $103,000. First Financial Corp IN raised its stake 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 worth $107,000 after buying an additional 750 shares during the last quarter. Ruggie Capital Group raised its stake 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 worth $168,000 after buying an additional 1,910 shares during the last quarter. Birch Hill Investment Advisors LLC bought a new stake in shares of Dow Chemical Company (The) during the first quarter worth approximately $197,000. Finally, Chelsea Counsel Co. bought a new stake in shares of Dow Chemical Company (The) during the first quarter worth approximately $200,000. Institutional investors own 68.79% of the company’s stock.

Dow Chemical Company (DOW) traded up 0.24% on Friday, reaching $63.26. 4,990,267 shares of the company were exchanged. The stock has a market capitalization of $77.40 billion, a P/E ratio of 27.09 and a beta of 1.13. The company’s 50-day moving average price is $64.62 and its 200-day moving average price is $63.06. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last issued its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business earned $0.95 earnings per share. Equities research analysts anticipate that Dow Chemical Company will post $4.08 earnings per share 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 given 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 yield of 2.91%. Dow Chemical Company (The)’s dividend payout ratio is presently 76.99%.

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A number of brokerages recently commented on DOW. UBS AG restated a “buy” rating and set a $72.00 price objective on shares of Dow Chemical Company (The) in a report on Monday, May 15th. BidaskClub lowered shares of Dow Chemical Company (The) from a “sell” rating to a “strong sell” rating in a report on Thursday. 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 report on Sunday, April 30th. 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 report on Thursday, July 27th. Finally, Cowen and Company raised their price objective on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the stock a “market perform” rating in a report on Wednesday, May 31st. 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 issued a strong buy rating to the company. Dow Chemical Company (The) 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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