Captrust Financial Advisors acquired a new stake in shares of Dow Chemical Co (NYSE:DOW) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,893 shares of the basic materials company’s stock, valued at approximately $1,002,000.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Architects Inc raised its stake in Dow Chemical by 0.4% during the second quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 10 shares in the last quarter. Cypress Capital Management LLC lifted its position in Dow Chemical by 0.3% during the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock valued at $255,000 after purchasing an additional 12 shares during the last quarter. Mascoma Wealth Management LLC lifted its position in Dow Chemical by 0.4% during the second quarter. Mascoma Wealth Management LLC now owns 3,513 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 14 shares during the last quarter. Capital Management Corp VA lifted its position in Dow Chemical by 0.3% during the second quarter. Capital Management Corp VA now owns 4,505 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 14 shares during the last quarter. Finally, Guardian Life Insurance Co. of America lifted its position in Dow Chemical by 0.3% during the first quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Shares of Dow Chemical Co (NYSE DOW) opened at 66.65 on Tuesday. Dow Chemical Co has a 12-month low of $51.57 and a 12-month high of $67.50. The company has a market capitalization of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13. The company has a 50 day moving average price of $64.79 and a 200 day moving average price of $63.46.

Dow Chemical (NYSE:DOW) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.07. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 earnings per share. Equities analysts anticipate that Dow Chemical Co will post $4.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, July 31st were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Thursday, July 27th. Dow Chemical’s dividend payout ratio is currently 76.99%.

DOW has been the topic of several recent research reports. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the company a “buy” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 price objective on shares of Dow Chemical in a research note on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. Cowen and Company reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a research note on Monday, August 28th. Finally, BidaskClub raised Dow Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Dow Chemical presently has an average rating of “Buy” and a consensus price target of $71.62.

TRADEMARK VIOLATION WARNING: “Captrust Financial Advisors Invests $1 Million in Dow Chemical Co (DOW) Stock” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/captrust-financial-advisors-invests-1-million-in-dow-chemical-co-dow-stock/1604704.html.

Dow Chemical Profile

Want to see what other hedge funds are holding DOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Co (NYSE:DOW).

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

Receive News & Ratings for Dow Chemical Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Co and related companies with Analyst Ratings Network's FREE daily email newsletter.