B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund held its position in Dow Chemical Co (NYSE:DOW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,745 shares of the basic materials company’s stock at the close of the second quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Dow Chemical were worth $4,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DOW. Waldron LP boosted its stake in shares of Dow Chemical by 80.8% during the first quarter. Waldron LP now owns 9,150 shares of the basic materials company’s stock valued at $580,000 after purchasing an additional 4,089 shares in the last quarter. Point View Wealth Management Inc. boosted its stake in shares of Dow Chemical by 12.0% during the first quarter. Point View Wealth Management Inc. now owns 15,796 shares of the basic materials company’s stock valued at $1,004,000 after purchasing an additional 1,690 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Dow Chemical by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 16,540,923 shares of the basic materials company’s stock valued at $1,051,010,000 after purchasing an additional 130,524 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of Dow Chemical by 6.0% during the first quarter. Suntrust Banks Inc. now owns 835,894 shares of the basic materials company’s stock valued at $53,111,000 after purchasing an additional 47,089 shares in the last quarter. Finally, Capital Advantage Inc. bought a new position in shares of Dow Chemical during the first quarter valued at approximately $216,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Dow Chemical from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical and gave the company a “buy” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $76.00 price objective on shares of Dow Chemical in a research note on Thursday, July 6th. 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, Cowen and Company reiterated a “hold” rating and set a $60.00 price objective on shares of Dow Chemical in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $72.02.

Shares of Dow Chemical Co (DOW) opened at 66.65 on Friday. 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 P/E ratio of 28.54 and a beta of 1.13. The firm has a 50-day moving average of $64.79 and a 200 day moving average of $63.46.

Dow Chemical (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $13.60 billion. During the same period in the prior year, the firm posted $0.95 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts expect that Dow Chemical Co will post $4.11 EPS for the current fiscal year.

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About Dow Chemical

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

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