WASHINGTON TRUST Co raised its stake in Dow Chemical Co (NYSE:DOW) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,064 shares of the basic materials company’s stock after purchasing an additional 2,930 shares during the period. WASHINGTON TRUST Co’s holdings in Dow Chemical were worth $10,537,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DOW. Vanguard Group Inc. increased its holdings in shares of Dow Chemical by 7.6% in the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock valued at $5,158,905,000 after purchasing an additional 5,722,128 shares during the last quarter. Jana Partners LLC acquired a new position in shares of Dow Chemical in the first quarter valued at $225,688,000. Glenview Capital Management LLC increased its holdings in shares of Dow Chemical by 34.8% in the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock valued at $753,847,000 after purchasing an additional 3,066,049 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Dow Chemical by 26.8% in the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock valued at $674,160,000 after purchasing an additional 2,237,295 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Dow Chemical by 11.8% in the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock valued at $985,078,000 after purchasing an additional 1,638,866 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

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Several equities analysts have commented on DOW shares. Cowen and Company reiterated a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a report on Monday, August 28th. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical and gave the company a “buy” rating in a report on Thursday, July 27th. BidaskClub upgraded shares of Dow Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 price objective on shares of Dow Chemical in a report on Thursday, July 6th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. 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 given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.02.

Shares of Dow Chemical Co (NYSE:DOW) opened at 66.65 on Thursday. The company has a market cap of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13. The stock 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 announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share 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 company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $13.60 billion. During the same quarter last year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts forecast that Dow Chemical Co will post $4.11 earnings per share for the current year.

About Dow Chemical

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

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