Probity Advisors Inc. decreased its holdings in Dow Chemical Co (NYSE:DOW) by 2.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,546 shares of the basic materials company’s stock after selling 710 shares during the quarter. Probity Advisors Inc.’s holdings in Dow Chemical were worth $1,485,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Jennison Associates LLC raised its stake in Dow Chemical by 23.1% in the 1st quarter. Jennison Associates LLC now owns 2,487,443 shares of the basic materials company’s stock worth $158,052,000 after acquiring an additional 467,320 shares during the last quarter. Primecap Management Co. CA raised its stake in Dow Chemical by 12.2% in the 1st quarter. Primecap Management Co. CA now owns 2,157,075 shares of the basic materials company’s stock worth $137,061,000 after acquiring an additional 234,375 shares during the last quarter. Muhlenkamp & Co. Inc. purchased a new position in Dow Chemical in the 1st quarter worth $7,346,000. Sentry Investment Management LLC raised its stake in Dow Chemical by 5.5% in the 1st quarter. Sentry Investment Management LLC now owns 88,765 shares of the basic materials company’s stock worth $5,640,000 after acquiring an additional 4,636 shares during the last quarter. Finally, Personal Capital Advisors Corp raised its stake in Dow Chemical by 511.5% in the 2nd quarter. Personal Capital Advisors Corp now owns 65,488 shares of the basic materials company’s stock worth $4,130,000 after acquiring an additional 54,779 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. BidaskClub lowered Dow Chemical from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and issued a $78.00 target price on shares of Dow Chemical in a research note on Wednesday, September 6th. Alembic Global Advisors set a $85.00 target price on Dow Chemical and gave the stock a “buy” rating in a research note on Thursday, July 27th. Cowen and Company raised their target price on Dow Chemical from $47.00 to $60.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 31st. Finally, Zacks Investment Research lowered Dow Chemical from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $71.62.

Shares of Dow Chemical Co (NYSE:DOW) opened at 66.65 on Thursday. The firm has a market capitalization of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13. Dow Chemical Co has a 12-month low of $51.57 and a 12-month high of $67.50. The company has a 50-day moving average price of $64.79 and a 200 day moving average price of $63.46.

Dow Chemical (NYSE:DOW) last issued its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. During the same period last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts expect that Dow Chemical Co will post $4.11 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 annualized dividend and a dividend yield of 2.76%. Dow Chemical’s dividend payout ratio is presently 76.99%.

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About Dow Chemical

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

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