Sii Investments Inc. WI reduced its position in Dow Chemical Company (The) (NYSE:DOW) by 4.4% during the first quarter, Holdings Channel reports. The fund owned 25,963 shares of the basic materials company’s stock after selling 1,209 shares during the period. Sii Investments Inc. WI’s holdings in Dow Chemical Company (The) were worth $1,650,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DOW. Pinnacle Bank purchased a new position in Dow Chemical Company (The) during the first quarter worth $103,000. First Financial Corp IN raised its position in 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 during the last quarter. 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 worth $168,000 after buying an additional 1,910 shares during the last quarter. Birch Hill Investment Advisors LLC purchased a new position in Dow Chemical Company (The) during the first quarter worth $197,000. Finally, Chelsea Counsel Co. purchased a new position in Dow Chemical Company (The) during the first quarter worth $200,000. Institutional investors and hedge funds own 68.79% of the company’s stock.

Dow Chemical Company (NYSE:DOW) traded up 0.24% during midday trading on Friday, reaching $63.26. 4,990,267 shares of the company were exchanged. The firm’s 50 day moving average price is $64.62 and its 200-day moving average price is $63.06. The stock has a market capitalization of $77.40 billion, a P/E ratio of 27.09 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.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s payout ratio is currently 76.99%.

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A number of brokerages recently weighed in on DOW. BidaskClub upgraded shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and set a $76.00 target price on shares of Dow Chemical Company (The) in a research report on Friday, April 28th. Cowen and Company upped their target price on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 31st. Zacks Investment Research lowered shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Barclays PLC upped their target price on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $71.42.

Dow Chemical Company (The) Company Profile

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

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