Supplemental Annuity Collective Trust of NJ maintained its position in shares of Dow Chemical Co (NYSE:DOW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,206 shares of the basic materials company’s stock at the close of the second quarter. Supplemental Annuity Collective Trust of NJ’s holdings in Dow Chemical were worth $1,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Command Bank lifted its stake in Dow Chemical by 36.9% in the second 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 raised its stake in shares of Dow Chemical by 33.7% during the second quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 480 shares in the last quarter. Financial Architects Inc raised its stake in shares of Dow Chemical by 0.4% during the second 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 in the last quarter. MCF Advisors LLC raised its stake in shares of Dow Chemical by 49.3% during the second quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock valued at $147,000 after acquiring an additional 770 shares in the last quarter. Finally, Ruggie Capital Group raised its stake in shares of Dow Chemical by 262.7% during the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 1,910 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

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Several analysts have recently weighed in on the stock. BidaskClub raised shares of Dow Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company lifted their price target on shares of Dow Chemical from $47.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Zacks Investment Research downgraded shares of Dow Chemical from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $78.00 price target on shares of Dow Chemical in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $71.62.

Dow Chemical Co (DOW) opened at 66.65 on Monday. The company has a market cap of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13. Dow Chemical Co has a 52 week low of $51.57 and a 52 week high of $67.50. The company has a 50-day moving average of $64.79 and a 200-day moving average of $63.46.

Dow Chemical (NYSE:DOW) last released its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) 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 net margin of 9.82% and a return on equity of 19.01%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. On average, equities research analysts predict that Dow Chemical Co will post $4.11 EPS for the current year.

The firm also recently announced 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. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. Dow Chemical’s dividend payout ratio (DPR) is presently 76.99%.

About Dow Chemical

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

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