Kovitz Investment Group Partners LLC reduced its holdings in Dow Chemical Co (NYSE:DOW) by 12.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,436 shares of the basic materials company’s stock after selling 500 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Dow Chemical were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Financial Architects Inc grew its holdings in Dow Chemical by 0.4% in 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 during the period. Cypress Capital Management LLC grew its holdings in Dow Chemical by 0.3% in 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 period. Mascoma Wealth Management LLC grew its holdings in Dow Chemical by 0.4% in 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 period. Capital Management Corp VA grew its holdings in Dow Chemical by 0.3% in 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 period. Finally, Guardian Life Insurance Co. of America grew its holdings in Dow Chemical by 0.3% in 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 period. 67.77% of the stock is currently owned by institutional investors.

Shares of Dow Chemical Co (DOW) opened at 66.65 on Friday. The firm has a market capitalization of $81.54 billion, a price-to-earnings ratio of 28.54 and a beta of 1.13. The stock 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 52 week low of $51.57 and a 52 week high of $67.50.

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

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

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Several analysts have commented on the company. Royal Bank Of Canada reissued 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 report on Tuesday, August 29th. Cowen and Company reissued a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a report on Monday, August 28th. BidaskClub raised Dow Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Alembic Global Advisors set a $85.00 price objective on Dow Chemical and gave the company a “buy” rating in a report on Thursday, July 27th. 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 assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $72.02.

Dow Chemical Profile

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

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