Webster Bank N. A. lowered its holdings in Dow Chemical Co (NYSE:DOW) by 0.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175,687 shares of the basic materials company’s stock after selling 155 shares during the period. Dow Chemical makes up 1.6% of Webster Bank N. A.’s holdings, making the stock its 8th biggest holding. Webster Bank N. A.’s holdings in Dow Chemical were worth $11,081,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC grew its holdings in shares of Dow Chemical by 23.1% in the first quarter. Jennison Associates LLC now owns 2,487,443 shares of the basic materials company’s stock valued at $158,052,000 after purchasing an additional 467,320 shares in the last quarter. Wexford Capital LP grew its holdings in shares of Dow Chemical by 23.9% in the first quarter. Wexford Capital LP now owns 176,445 shares of the basic materials company’s stock valued at $11,211,000 after purchasing an additional 34,058 shares in the last quarter. Primecap Management Co. CA grew its holdings in shares of Dow Chemical by 12.2% in the first quarter. Primecap Management Co. CA now owns 2,157,075 shares of the basic materials company’s stock valued at $137,061,000 after purchasing an additional 234,375 shares in the last quarter. Muhlenkamp & Co. Inc. acquired a new position in shares of Dow Chemical in the first quarter valued at approximately $7,346,000. Finally, Sentry Investment Management LLC grew its holdings in shares of Dow Chemical by 5.5% in the first quarter. Sentry Investment Management LLC now owns 88,765 shares of the basic materials company’s stock valued at $5,640,000 after purchasing an additional 4,636 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

DOW has been the subject of a number of research reports. BidaskClub upgraded shares of Dow Chemical from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Cowen and Company restated a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a report on Monday, August 28th. Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. Zacks Investment Research cut shares of Dow Chemical from a “hold” rating to a “sell” rating in a 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 report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $71.62.

Shares of Dow Chemical Co (DOW) remained flat at $66.65 on Friday. The company had a trading volume of 43,802,070 shares. The stock has a market capitalization of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13. The company has a 50-day moving average of $64.79 and a 200-day moving average of $63.46. Dow Chemical Co has a 12 month low of $51.57 and a 12 month high of $67.50.

Dow Chemical (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) 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 company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. During the same quarter last year, the company earned $0.95 earnings per share. Dow Chemical’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts anticipate that Dow Chemical Co will post $4.11 earnings per share for the current fiscal 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 given a $0.46 dividend. This represents a $1.84 annualized dividend 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 76.99%.

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Dow Chemical Company Profile

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

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