Two Sigma Securities LLC reduced its position in shares of Dow Chemical Company (The) (NYSE:DOW) by 35.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,458 shares of the basic materials company’s stock after selling 8,562 shares during the period. Two Sigma Securities LLC’s holdings in Dow Chemical Company (The) were worth $982,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bank purchased a new position in Dow Chemical Company (The) during the first quarter worth approximately $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 worth $107,000 after buying an additional 750 shares during the last quarter. 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 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 approximately $197,000. Finally, Chelsea Counsel Co. purchased a new position in Dow Chemical Company (The) during the first quarter worth approximately $200,000. Institutional investors own 68.79% of the company’s stock.

Dow Chemical Company (DOW) traded down 0.622% during mid-day trading on Thursday, hitting $63.105. The company’s stock had a trading volume of 871,920 shares. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50. The company has a market cap of $77.21 billion, a P/E ratio of 27.026 and a beta of 1.13. The firm’s 50-day moving average is $64.65 and its 200-day moving average is $63.02.

Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the consensus estimate 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 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 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. Analysts predict that Dow Chemical Company will post $4.08 EPS for the current fiscal year.

The firm 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 dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 annualized dividend and a dividend yield of 2.90%. Dow Chemical Company (The)’s dividend payout ratio is presently 76.99%.

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