United Bank trimmed its stake in shares of Dow Chemical Co (NYSE:DOW) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,445 shares of the basic materials company’s stock after selling 273 shares during the quarter. Dow Chemical makes up 1.9% of United Bank’s portfolio, making the stock its 16th biggest position. United Bank’s holdings in Dow Chemical were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. YHB Investment Advisors Inc. boosted its stake in Dow Chemical by 7.2% during the 2nd quarter. YHB Investment Advisors Inc. now owns 9,071 shares of the basic materials company’s stock valued at $572,000 after acquiring an additional 610 shares during the last quarter. Enterprise Financial Services Corp boosted its stake in Dow Chemical by 12.2% during the 2nd quarter. Enterprise Financial Services Corp now owns 16,435 shares of the basic materials company’s stock valued at $1,037,000 after acquiring an additional 1,781 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in Dow Chemical during the 2nd quarter valued at $212,000. Ingalls & Snyder LLC boosted its stake in Dow Chemical by 4.1% during the 2nd quarter. Ingalls & Snyder LLC now owns 18,729 shares of the basic materials company’s stock valued at $1,181,000 after acquiring an additional 735 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Dow Chemical by 22.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 117,500 shares of the basic materials company’s stock valued at $7,411,000 after acquiring an additional 21,700 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

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

Dow Chemical (NYSE:DOW) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.07. The firm had revenue of $13.83 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. Analysts forecast that Dow Chemical Co will post $4.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical’s dividend payout ratio (DPR) is presently 76.99%.

A number of research firms have recently issued reports on DOW. BidaskClub upgraded shares of Dow Chemical from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 1st. Cowen and Company restated a “hold” rating and issued a $60.00 price target on shares of Dow Chemical in a research report on Monday, August 28th. Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. Zacks Investment Research downgraded shares of Dow Chemical from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $78.00 price target on shares of Dow Chemical in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.62.

Dow Chemical Profile

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

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