Kingdon Capital Management L.L.C. trimmed its holdings in Dow Chemical Co (NYSE:DOW) by 30.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 693,782 shares of the basic materials company’s stock after selling 310,661 shares during the period. Dow Chemical makes up about 3.0% of Kingdon Capital Management L.L.C.’s holdings, making the stock its 8th largest holding. Kingdon Capital Management L.L.C. owned approximately 0.06% of Dow Chemical worth $43,757,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its stake in Dow Chemical by 0.4% during the second quarter. Prudential Financial Inc. now owns 1,697,090 shares of the basic materials company’s stock worth $107,036,000 after purchasing an additional 6,590 shares in the last quarter. Essex Financial Services Inc. lifted its stake in Dow Chemical by 6.9% during the second quarter. Essex Financial Services Inc. now owns 7,301 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 470 shares in the last quarter. Personal Capital Advisors Corp lifted its stake in Dow Chemical by 511.5% during the second quarter. Personal Capital Advisors Corp now owns 65,488 shares of the basic materials company’s stock worth $4,130,000 after purchasing an additional 54,779 shares in the last quarter. Wexford Capital LP lifted its stake in Dow Chemical by 23.9% during the first quarter. Wexford Capital LP now owns 176,445 shares of the basic materials company’s stock worth $11,211,000 after purchasing an additional 34,058 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake 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 acquiring an additional 234,375 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Several brokerages have recently issued reports on DOW. BidaskClub cut Dow Chemical from a “sell” rating to a “strong sell” rating in a research note 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 research note on Wednesday, September 6th. Jefferies Group reiterated a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Finally, Cowen reiterated a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. 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 Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.32 and a current ratio of 1.93. Dow Chemical Co has a 52 week low of $51.57 and a 52 week high of $67.50.

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About Dow Chemical

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

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