Guardian Investment Management boosted its position in shares of Dow Chemical Company (The) (NYSE:DOW) by 19.7% during the second quarter, Holdings Channel reports. The fund owned 35,900 shares of the basic materials company’s stock after buying an additional 5,900 shares during the period. Dow Chemical Company (The) accounts for 2.5% of Guardian Investment Management’s portfolio, making the stock its 15th largest position. Guardian Investment Management’s holdings in Dow Chemical Company (The) were worth $2,263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC raised its stake in Dow Chemical Company (The) by 23.1% in the first quarter. Jennison Associates LLC now owns 2,487,443 shares of the basic materials company’s stock valued at $158,052,000 after buying an additional 467,320 shares in the last quarter. Bremer Trust National Association raised its stake in Dow Chemical Company (The) by 4.9% in the first quarter. Bremer Trust National Association now owns 21,010 shares of the basic materials company’s stock valued at $1,335,000 after buying an additional 983 shares in the last quarter. Grassi Investment Management raised its stake in Dow Chemical Company (The) by 0.4% in the first quarter. Grassi Investment Management now owns 114,251 shares of the basic materials company’s stock valued at $7,260,000 after buying an additional 401 shares in the last quarter. Boston Advisors LLC raised its stake in Dow Chemical Company (The) by 0.6% in the first quarter. Boston Advisors LLC now owns 137,814 shares of the basic materials company’s stock valued at $8,757,000 after buying an additional 804 shares in the last quarter. Finally, Bollard Group LLC raised its stake in Dow Chemical Company (The) by 8.8% in the first quarter. Bollard Group LLC now owns 89,528 shares of the basic materials company’s stock valued at $5,689,000 after buying an additional 7,213 shares in the last quarter. Institutional investors and hedge funds own 68.79% of the company’s stock.

Shares of Dow Chemical Company (NYSE DOW) traded up 0.24% during mid-day trading on Friday, hitting $63.26. 4,990,267 shares of the stock traded hands. The firm 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 one year low of $51.57 and a one year high of $67.50. The company’s 50 day moving average is $64.62 and its 200 day moving average is $63.06.

Dow Chemical Company (The) (NYSE:DOW) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. During the same period in the prior year, the company posted $0.95 earnings per share. Dow Chemical Company (The)’s revenue was up 15.7% compared to the same quarter last year. On average, equities analysts expect that Dow Chemical Company will post $4.08 EPS for the current fiscal year.

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

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DOW has been the topic of several research analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price target on shares of Dow Chemical Company (The) in a research 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 on the stock in a research report on Tuesday, April 18th. UBS AG restated a “buy” rating and issued a $72.00 price target on shares of Dow Chemical Company (The) in a research 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 research 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 research report on Monday, May 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price 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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