Xact Kapitalforvaltning AB raised its stake in Dow Chemical Co (NYSE:DOW) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 184,206 shares of the basic materials company’s stock after buying an additional 8,784 shares during the period. Xact Kapitalforvaltning AB’s holdings in Dow Chemical were worth $11,618,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cypress Capital Management LLC increased its holdings in shares of Dow Chemical 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 holdings in shares of Dow Chemical 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 holdings in shares of Dow Chemical 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 holdings in shares of Dow Chemical 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, Financial Advisory Service Inc. increased its holdings in shares of Dow Chemical by 0.4% in the first quarter. Financial Advisory Service Inc. now owns 5,529 shares of the basic materials company’s stock valued at $351,000 after buying an additional 23 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Dow Chemical Co (DOW) remained flat at $66.65 during trading on Friday. The company had a trading volume of 43,802,070 shares. The stock has a market cap of $81.54 billion, a P/E 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 stock’s 50 day moving average price is $64.79 and its 200 day moving average price is $63.46.

Dow Chemical (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. During the same period in the prior year, the business posted $0.95 earnings per share. Dow Chemical’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts forecast that Dow Chemical Co will post $4.11 EPS for the current fiscal year.

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

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Several research firms have issued reports on DOW. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $78.00 price target on shares of Dow Chemical in a report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. Cowen and Company reaffirmed a “hold” rating and issued a $60.00 price target on shares of Dow Chemical in a report on Monday, August 28th. BidaskClub raised Dow Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Alembic Global Advisors set a $85.00 price target on Dow Chemical and gave the company a “buy” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Dow Chemical has a consensus rating of “Buy” and a consensus target price of $71.62.

About Dow Chemical

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

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