Sei Investments Co. trimmed its holdings in Dow Chemical Co (NYSE:DOW) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 279,652 shares of the basic materials company’s stock after selling 20,247 shares during the quarter. Sei Investments Co.’s holdings in Dow Chemical were worth $17,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DOW. Vanguard Group Inc. raised its holdings in shares of Dow Chemical by 7.6% in the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock worth $5,158,905,000 after buying an additional 5,722,128 shares during the period. Jana Partners LLC purchased a new stake in shares of Dow Chemical in the first quarter worth approximately $225,688,000. Glenview Capital Management LLC raised its holdings in shares of Dow Chemical by 34.8% in the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock worth $753,847,000 after buying an additional 3,066,049 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Dow Chemical by 26.8% in the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock worth $674,160,000 after buying an additional 2,237,295 shares during the period. Finally, FMR LLC raised its holdings in shares of Dow Chemical by 11.8% in the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock worth $985,078,000 after buying an additional 1,638,866 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

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Several equities research analysts have recently weighed in on DOW shares. BidaskClub upgraded Dow Chemical from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Cowen and Company reiterated a “hold” rating and issued a $60.00 price target on shares of Dow Chemical in a report on Monday, August 28th. Jefferies Group LLC reiterated a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. Zacks Investment Research downgraded Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $78.00 price target on shares of Dow Chemical in a report on Wednesday, September 6th. One 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 given a strong buy rating to the stock. Dow Chemical presently has an average rating of “Buy” and an average price target of $71.62.

Dow Chemical Co (NYSE:DOW) opened at 66.65 on Friday. Dow Chemical Co has a 52 week low of $51.57 and a 52 week high of $67.50. The company has a 50-day moving average price of $64.79 and a 200 day moving average price of $63.46. The company has a market cap of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13.

Dow Chemical (NYSE:DOW) last announced its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.95 earnings per share. On average, equities research analysts forecast that Dow Chemical Co will post $4.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, July 27th. Dow Chemical’s payout ratio is 76.99%.

Dow Chemical Profile

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

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