ING Groep NV raised its stake in Dow Chemical Company (The) (NYSE:DOW) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,999 shares of the basic materials company’s stock after buying an additional 3,504 shares during the period. ING Groep NV’s holdings in Dow Chemical Company (The) were worth $4,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DOW. First Command Bank raised its position in Dow Chemical Company (The) by 36.9% in the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock valued at $102,000 after buying an additional 436 shares during the period. Perkins Coie Trust Co raised its position in Dow Chemical Company (The) by 33.7% in the second quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock valued at $120,000 after buying an additional 480 shares during the period. Financial Architects Inc raised its position in Dow Chemical Company (The) 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 buying an additional 10 shares during the period. Ruggie Capital Group raised its position in Dow Chemical Company (The) by 262.7% in the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock valued at $168,000 after buying an additional 1,910 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its position in Dow Chemical Company (The) by 10.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 3,091 shares of the basic materials company’s stock valued at $195,000 after buying an additional 299 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Dow Chemical Company (DOW) traded down 0.57% during mid-day trading on Tuesday, reaching $64.30. The company’s stock had a trading volume of 1,111,807 shares. The company has a market cap of $78.67 billion, a P/E ratio of 27.54 and a beta of 1.13. Dow Chemical Company has a 12 month low of $51.57 and a 12 month high of $67.50. The company has a 50-day moving average of $64.75 and a 200-day moving average of $63.33.

Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts forecast that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be given a $0.46 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.84 annualized dividend and a dividend yield of 2.85%. Dow Chemical Company (The)’s payout ratio is presently 76.99%.

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A number of analysts recently commented on DOW shares. UBS AG reaffirmed a “buy” rating and issued a $72.00 target price on shares of Dow Chemical Company (The) in a research report on Monday, May 15th. BidaskClub lowered Dow Chemical Company (The) from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical Company (The) in a research report on Tuesday. Cowen and Company reaffirmed a “hold” rating and issued a $60.00 target price on shares of Dow Chemical Company (The) in a research report on Monday. Finally, Alembic Global Advisors set a $85.00 target price on Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $71.42.

About Dow Chemical Company (The)

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

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