Carret Asset Management LLC Increases Stake in Dow Chemical Co (DOW)
Carret Asset Management LLC lifted its holdings in shares of Dow Chemical Co (NYSE:DOW) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,915 shares of the basic materials company’s stock after acquiring an additional 430 shares during the period. Carret Asset Management LLC’s holdings in Dow Chemical were worth $1,761,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Green Square Capital LLC lifted its holdings in Dow Chemical by 2.7% in the second quarter. Green Square Capital LLC now owns 100,885 shares of the basic materials company’s stock valued at $6,363,000 after acquiring an additional 2,677 shares during the period. Maverick Capital Ltd. acquired a new stake in Dow Chemical in the second quarter valued at $274,667,000. Gotham Asset Management LLC lifted its holdings in Dow Chemical by 319.0% in the second quarter. Gotham Asset Management LLC now owns 399,033 shares of the basic materials company’s stock valued at $25,167,000 after acquiring an additional 303,805 shares during the period. Monetary Management Group Inc. lifted its holdings in Dow Chemical by 0.4% in the second quarter. Monetary Management Group Inc. now owns 68,645 shares of the basic materials company’s stock valued at $4,329,000 after acquiring an additional 300 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in Dow Chemical by 58.4% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 354,686 shares of the basic materials company’s stock valued at $22,369,000 after acquiring an additional 130,711 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.
A number of research firms have commented on DOW. BidaskClub downgraded Dow Chemical from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $78.00 target price on shares of Dow Chemical in a report on Wednesday, September 6th. Jefferies Group reissued a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. Finally, Cowen reaffirmed a “hold” rating and set a $60.00 price target on shares of Dow Chemical in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Dow Chemical currently has a consensus rating of “Buy” and a consensus target price of $72.02.
Dow Chemical Co (DOW) traded up $1.75 during trading hours on Friday, hitting $66.65. The stock had a trading volume of 43,802,000 shares, compared to its average volume of 5,740,120. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.93 and a quick ratio of 1.32. Dow Chemical Co has a fifty-two week low of $51.57 and a fifty-two week high of $67.50.
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