Investors sold shares of Dow Chemical Company (The) (NYSE:DOW) on strength during trading hours on Monday. $30.67 million flowed into the stock on the tick-up and $75.33 million flowed out of the stock on the tick-down, for a money net flow of $44.66 million out of the stock. Of all equities tracked, Dow Chemical Company (The) had the 9th highest net out-flow for the day. Dow Chemical Company (The) traded up $0.46 for the day and closed at $63.86

DOW has been the subject of a number of recent analyst reports. 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. Citigroup Inc. raised their price objective on shares of Dow Chemical Company (The) from $73.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Barclays PLC raised their price objective on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, May 1st. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price objective on shares of Dow Chemical Company (The) in a research report on Friday, April 28th. Finally, BidaskClub cut shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $71.42.

The firm has a market capitalization of $78.13 billion, a P/E ratio of 27.35 and a beta of 1.13. The company has a 50 day moving average of $64.66 and a 200 day moving average of $63.17.

Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS. On average, equities analysts expect that Dow Chemical Company will post $4.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s payout ratio is 76.99%.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Dow Chemical Company (The) by 3.4% in the second quarter. Vanguard Group Inc. now owns 83,932,612 shares of the basic materials company’s stock worth $5,293,630,000 after buying an additional 2,741,153 shares during the last quarter. BlackRock Inc. boosted its position in Dow Chemical Company (The) by 3.8% in the second quarter. BlackRock Inc. now owns 83,423,778 shares of the basic materials company’s stock worth $5,261,538,000 after buying an additional 3,075,321 shares during the last quarter. Capital World Investors boosted its position in Dow Chemical Company (The) by 1.2% in the second quarter. Capital World Investors now owns 22,742,382 shares of the basic materials company’s stock worth $1,434,362,000 after buying an additional 275,695 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Dow Chemical Company (The) by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 16,655,781 shares of the basic materials company’s stock worth $1,050,480,000 after buying an additional 114,858 shares during the last quarter. Finally, Third Point LLC boosted its position in Dow Chemical Company (The) by 1.9% in the second quarter. Third Point LLC now owns 16,000,000 shares of the basic materials company’s stock worth $1,009,120,000 after buying an additional 300,000 shares during the last quarter. Hedge funds and other institutional investors own 68.36% of the company’s stock.

WARNING: This piece of content was reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/21/traders-sell-dow-chemical-company-the-dow-on-strength-dow.html.

About Dow Chemical Company (The)

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.