Brown Advisory Securities LLC raised its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 0.6% during the first quarter, Holdings Channel reports. The firm owned 10,905 shares of the basic materials company’s stock after buying an additional 68 shares during the period. Brown Advisory Securities LLC’s holdings in Dow Chemical Company (The) were worth $695,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Pinnacle Bank acquired a new position in Dow Chemical Company (The) during the first quarter valued at about $103,000. First Financial Corp IN boosted 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 valued at $107,000 after buying an additional 750 shares during the period. Ruggie Capital Group boosted 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. Birch Hill Investment Advisors LLC acquired a new position in Dow Chemical Company (The) during the first quarter valued at about $197,000. Finally, Chelsea Counsel Co. acquired a new position in Dow Chemical Company (The) during the first quarter valued at about $200,000. 68.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dow Chemical Company (NYSE DOW) traded up 0.17% on Friday, hitting $63.22. The stock had a trading volume of 821,472 shares. The company has a market cap of $77.35 billion, a P/E ratio of 27.07 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’s 50 day moving average price is $64.63 and its 200-day moving average price is $63.02.

Dow Chemical Company (The) (NYSE:DOW) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The company 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 firm posted $0.95 EPS. Dow Chemical Company (The)’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, analysts expect that Dow Chemical Company will post $4.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.84 annualized dividend and a yield of 2.92%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is currently 76.99%.

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