Dow Chemical Co (DOW) Position Held by Oakmont Partners LLC
Oakmont Partners LLC maintained its position in shares of Dow Chemical Co (NYSE:DOW) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,175 shares of the basic materials company’s stock at the end of the second quarter. Oakmont Partners LLC’s holdings in Dow Chemical were worth $200,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. First Command Bank grew its stake in shares of Dow Chemical by 36.9% during the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock worth $102,000 after acquiring an additional 436 shares during the last quarter. Perkins Coie Trust Co grew its stake in shares of Dow Chemical by 33.7% during the second quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock worth $120,000 after acquiring an additional 480 shares during the last quarter. Ruggie Capital Group grew its stake in shares of Dow Chemical by 262.7% during the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 1,910 shares during the last quarter. Birch Hill Investment Advisors LLC purchased a new stake in shares of Dow Chemical during the first quarter worth about $197,000. Finally, Lyell Wealth Management LP purchased a new stake in shares of Dow Chemical during the first quarter worth about $200,000. Institutional investors own 67.77% of the company’s stock.
Shares of Dow Chemical Co (NYSE DOW) remained flat at $66.65 on Tuesday. 43,802,070 shares of the company were exchanged. The company has a 50-day moving average price of $64.79 and a 200-day moving average price of $63.46. Dow Chemical Co has a 1-year low of $51.57 and a 1-year high of $67.50. The stock has a market cap of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13.
Dow Chemical (NYSE:DOW) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. Equities analysts predict that Dow Chemical Co will post $4.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. Dow Chemical’s dividend payout ratio is presently 76.99%.
A number of brokerages have recently weighed in on DOW. Royal Bank Of Canada restated a “buy” rating and set a $78.00 price target on shares of Dow Chemical in a research note on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Cowen and Company restated a “hold” rating and set a $60.00 price target on shares of Dow Chemical in a research note on Monday, August 28th. BidaskClub upgraded Dow Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Alembic Global Advisors set a $85.00 price target on Dow Chemical and gave the stock a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Dow Chemical presently has an average rating of “Buy” and a consensus target price of $71.62.
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Dow Chemical Company Profile
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