Rothschild Asset Management Inc. trimmed its stake in Dow Chemical Co (NYSE:DOW) by 7.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,362,108 shares of the basic materials company’s stock after selling 102,164 shares during the period. Dow Chemical accounts for about 1.0% of Rothschild Asset Management Inc.’s investment portfolio, making the stock its 7th largest position. Rothschild Asset Management Inc. owned approximately 0.11% of Dow Chemical worth $85,908,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of DOW. Vanguard Group Inc. raised its stake in shares of Dow Chemical by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock valued at $5,158,905,000 after acquiring an additional 5,722,128 shares in the last quarter. Jana Partners LLC bought a new position in shares of Dow Chemical in the 1st quarter valued at approximately $225,688,000. Glenview Capital Management LLC raised its stake in shares of Dow Chemical by 34.8% in the 1st quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock valued at $753,847,000 after acquiring an additional 3,066,049 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Dow Chemical by 26.8% in the 1st quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock valued at $674,160,000 after acquiring an additional 2,237,295 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Dow Chemical by 11.8% in the 1st quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock valued at $985,078,000 after acquiring an additional 1,638,866 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dow Chemical Co (NYSE DOW) opened at 66.65 on Monday. The firm has a market cap of $81.54 billion, a price-to-earnings ratio of 28.54 and a beta of 1.13. Dow Chemical Co has a one year low of $51.57 and a one year 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 released 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. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. On average, equities analysts anticipate that Dow Chemical Co will post $4.11 earnings per share for the current fiscal year.

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

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DOW has been the topic of a number of recent analyst reports. Cowen and Company reissued a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a research note on Monday, August 28th. Alembic Global Advisors set a $85.00 price objective on Dow Chemical and gave the company a “buy” rating in a research note on Thursday, July 27th. BidaskClub raised Dow Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 target price on shares of Dow Chemical in a report on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. 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 assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $71.62.

About Dow Chemical

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

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