Burke & Herbert Bank & Trust Co. lessened its position in shares of Dow Chemical Co (NYSE:DOW) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,803 shares of the basic materials company’s stock after selling 208 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Dow Chemical were worth $745,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DOW. First Command Bank lifted its holdings in shares of Dow Chemical by 36.9% in the 2nd quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 436 shares during the last quarter. Perkins Coie Trust Co lifted its holdings in shares of Dow Chemical by 33.7% in the 2nd quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 480 shares during the last quarter. Ruggie Capital Group lifted its holdings in shares of Dow Chemical by 262.7% in the 1st quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 1,910 shares during the last quarter. Birch Hill Investment Advisors LLC bought a new stake in shares of Dow Chemical in the 1st quarter worth approximately $197,000. Finally, Lyell Wealth Management LP bought a new stake in shares of Dow Chemical in the 1st quarter worth approximately $200,000. 67.77% of the stock is currently owned by institutional investors.

Shares of Dow Chemical Co (NYSE:DOW) remained flat at $66.65 during trading on Friday. 43,802,070 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $64.79 and its 200 day moving average price is $63.46. Dow Chemical Co has a 52-week low of $51.57 and a 52-week high of $67.50. The firm has a market capitalization 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 data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping the 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 quarter in the prior year, the business earned $0.95 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities research analysts predict that Dow Chemical Co will post $4.11 earnings per share for the current year.

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

DOW has been the topic of several recent research reports. BidaskClub raised Dow Chemical from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Alembic Global Advisors set a $85.00 price target on Dow Chemical and gave the stock a “buy” rating in a report on Thursday, July 27th. Cowen and Company reissued a “hold” rating and issued a $60.00 price target on shares of Dow Chemical in a report on Monday, August 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price target on shares of Dow Chemical in a report on Thursday, July 6th. Finally, Zacks Investment Research downgraded Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Dow Chemical presently has a consensus rating of “Buy” and a consensus target price of $71.62.

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Dow Chemical Company Profile

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

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