Exchange Capital Management Inc. reduced its position in shares of Dow Chemical Co (NYSE:DOW) by 10.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,920 shares of the basic materials company’s stock after selling 462 shares during the quarter. Exchange Capital Management Inc.’s holdings in Dow Chemical were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Architects Inc boosted its position in shares of Dow Chemical by 0.4% during the 2nd quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 10 shares during the last quarter. Cypress Capital Management LLC boosted its position in shares of Dow Chemical by 0.3% during the 1st quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock valued at $255,000 after acquiring an additional 12 shares during the last quarter. Mascoma Wealth Management LLC boosted its position in shares of Dow Chemical by 0.4% during the 2nd quarter. Mascoma Wealth Management LLC now owns 3,513 shares of the basic materials company’s stock valued at $222,000 after acquiring an additional 14 shares during the last quarter. Capital Management Corp VA boosted its position in shares of Dow Chemical by 0.3% during the 2nd quarter. Capital Management Corp VA now owns 4,505 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 14 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its position in shares of Dow Chemical by 0.3% during the 1st quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock valued at $274,000 after acquiring an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

A number of research analysts have recently commented on DOW shares. BidaskClub upgraded Dow Chemical from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Alembic Global Advisors set a $85.00 target price on Dow Chemical and gave the company a “buy” rating in a research report on Thursday, July 27th. Cowen and Company reiterated a “hold” rating and set a $60.00 target price on shares of Dow Chemical in a research report on Monday, August 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $76.00 target price on shares of Dow Chemical in a research report on Thursday, July 6th. Finally, Zacks Investment Research downgraded Dow Chemical from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $71.62.

Shares of Dow Chemical Co (NYSE DOW) opened at 66.65 on Thursday. The company’s 50-day moving average price is $64.79 and its 200 day moving average price is $63.46. The stock 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 12-month low of $51.57 and a 12-month high of $67.50.

Dow Chemical (NYSE:DOW) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. The company 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 firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. On average, equities analysts predict that Dow Chemical Co will post $4.11 earnings per share for the current year.

The business 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 dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical’s dividend payout ratio (DPR) is currently 76.99%.

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About Dow Chemical

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

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