Payden & Rygel increased its holdings in Dow Chemical Co (NYSE:DOW) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,900 shares of the basic materials company’s stock after purchasing an additional 6,600 shares during the period. Payden & Rygel’s holdings in Dow Chemical were worth $12,545,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Captrust Financial Advisors bought a new stake in Dow Chemical in the second quarter worth $1,002,000. Norinchukin Bank The boosted its holdings in Dow Chemical by 3.9% in the second quarter. Norinchukin Bank The now owns 138,722 shares of the basic materials company’s stock worth $8,749,000 after purchasing an additional 5,209 shares in the last quarter. Vestor Capital LLC boosted its holdings in Dow Chemical by 0.5% in the second quarter. Vestor Capital LLC now owns 141,061 shares of the basic materials company’s stock worth $8,897,000 after purchasing an additional 740 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Dow Chemical by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 10,641,009 shares of the basic materials company’s stock worth $671,251,000 after purchasing an additional 48,863 shares in the last quarter. Finally, Associated Banc Corp boosted its holdings in Dow Chemical by 1.7% in the second quarter. Associated Banc Corp now owns 66,321 shares of the basic materials company’s stock worth $4,182,000 after purchasing an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Dow Chemical Co (DOW) opened at $66.65 on Monday. The company has a current ratio of 1.93, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68. Dow Chemical Co has a 52-week low of $51.57 and a 52-week high of $67.50.

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A number of brokerages recently issued reports on DOW. BidaskClub cut shares of Dow Chemical from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $78.00 price objective on shares of Dow Chemical in a report on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Cowen and Company reissued a “hold” rating and set a $60.00 target price on shares of Dow Chemical in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $72.02.

Dow Chemical Profile

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

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