Financial Architects Inc boosted its position in Dow Chemical Company (The) (NYSE:DOW) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,290 shares of the basic materials company’s stock after buying an additional 10 shares during the period. Financial Architects Inc’s holdings in Dow Chemical Company (The) were worth $144,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DOW. First Command Bank increased its stake in shares of 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 worth $102,000 after buying an additional 436 shares in the last quarter. Pinnacle Bank purchased a new stake in shares of Dow Chemical Company (The) during the first quarter worth about $103,000. First Financial Corp IN increased its stake in shares of Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock worth $107,000 after buying an additional 750 shares in the last quarter. Perkins Coie Trust Co increased its stake in shares of 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 worth $120,000 after buying an additional 480 shares in the last quarter. Finally, Ruggie Capital Group increased its stake in shares of 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 worth $168,000 after buying an additional 1,910 shares in the last quarter. Institutional investors and hedge funds own 68.36% of the company’s stock.

Dow Chemical Company (DOW) traded up 0.03% during mid-day trading on Wednesday, reaching $63.69. 2,051,753 shares of the company traded hands. The stock has a market capitalization of $77.92 billion, a PE ratio of 27.28 and a beta of 1.13. Dow Chemical Company has a 52-week low of $51.57 and a 52-week high of $67.50. The stock has a 50-day moving average of $64.62 and a 200 day moving average of $63.14.

Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS 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 analyst estimates of $13.60 billion. During the same quarter in the prior year, the business posted $0.95 earnings per share. Dow Chemical Company (The)’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities research analysts expect that Dow Chemical Company will post $4.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.89%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is 76.99%.

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A number of analysts have recently issued reports on DOW shares. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price target on shares of Dow Chemical Company (The) in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, April 18th. UBS AG restated a “buy” rating and set a $72.00 price target on shares of Dow Chemical Company (The) in a report on Monday, May 15th. Credit Suisse Group set a $66.00 price target on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a report on Sunday, April 30th. Finally, Citigroup Inc. raised their price target on shares of Dow Chemical Company (The) from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus 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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