Gillespie Robinson & Grimm Inc. lowered its position in Dow Chemical Co (NYSE:DOW) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,700 shares of the basic materials company’s stock after selling 100 shares during the period. Gillespie Robinson & Grimm Inc.’s holdings in Dow Chemical were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DOW. Cypress Capital Management LLC boosted its position in Dow Chemical by 0.3% in the 1st quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock worth $255,000 after purchasing an additional 12 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Dow Chemical by 0.3% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 15 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in Dow Chemical by 0.3% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 5,017 shares of the basic materials company’s stock worth $319,000 after purchasing an additional 17 shares in the last quarter. Financial Advisory Service Inc. boosted its position in Dow Chemical by 0.4% in the 1st quarter. Financial Advisory Service Inc. now owns 5,529 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 23 shares in the last quarter. Finally, Bienville Capital Management LLC boosted its position in Dow Chemical by 0.6% in the 1st quarter. Bienville Capital Management LLC now owns 4,294 shares of the basic materials company’s stock worth $275,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Several equities research analysts have commented on the company. BidaskClub upgraded Dow Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Cowen and Company upped their price objective on Dow Chemical from $47.00 to $60.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 31st. Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. Zacks Investment Research lowered Dow Chemical from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $78.00 price objective on shares of Dow Chemical in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $71.62.

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Shares of Dow Chemical Co (DOW) remained flat at $66.65 on Tuesday. 43,802,070 shares of the company traded hands. The firm’s 50 day moving average is $64.79 and its 200 day moving average is $63.46. Dow Chemical Co has a 12-month low of $51.57 and a 12-month high of $67.50. The firm has a market cap of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13.

Dow Chemical (NYSE:DOW) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. 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. Investors 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 dividend on an annualized basis and a dividend yield of 2.76%. Dow Chemical’s dividend payout ratio (DPR) is presently 76.99%.

Dow Chemical Company Profile

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

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