Canada Pension Plan Investment Board grew its position in shares of Dow Chemical Co (NYSE:DOW) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,697,426 shares of the basic materials company’s stock after acquiring an additional 244,600 shares during the period. Canada Pension Plan Investment Board owned about 0.22% of Dow Chemical worth $170,127,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wexford Capital LP raised its stake in shares of Dow Chemical by 23.9% during the first quarter. Wexford Capital LP now owns 176,445 shares of the basic materials company’s stock valued at $11,211,000 after acquiring an additional 34,058 shares during the last quarter. Personal Capital Advisors Corp raised its stake in shares of Dow Chemical by 511.5% during the second quarter. Personal Capital Advisors Corp now owns 65,488 shares of the basic materials company’s stock valued at $4,130,000 after acquiring an additional 54,779 shares during the last quarter. Primecap Management Co. CA raised its stake in shares of Dow Chemical by 12.2% during the first quarter. Primecap Management Co. CA now owns 2,157,075 shares of the basic materials company’s stock valued at $137,061,000 after acquiring an additional 234,375 shares during the last quarter. Muhlenkamp & Co. Inc. bought a new position in shares of Dow Chemical during the first quarter valued at about $7,346,000. Finally, Sentry Investment Management LLC raised its stake in shares of Dow Chemical by 5.5% during the first quarter. Sentry Investment Management LLC now owns 88,765 shares of the basic materials company’s stock valued at $5,640,000 after acquiring an additional 4,636 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. BidaskClub downgraded shares of Dow Chemical from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical and gave the company a “buy” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price objective on shares of Dow Chemical in a research note on Thursday, July 6th. Zacks Investment Research downgraded shares of Dow Chemical from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $60.00 price objective on shares of Dow Chemical in a research note on Friday, July 14th. One equities research 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. The company currently has an average rating of “Buy” and a consensus price target of $72.02.

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Dow Chemical Co (DOW) opened at 66.65 on Friday. Dow Chemical Co has a 1-year low of $51.57 and a 1-year 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 of $64.79 and a 200-day moving average of $63.46.

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

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

About Dow Chemical

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

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