Employees Retirement System of Texas decreased its position in Dow Chemical Co (NYSE:DOW) by 1.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 146,000 shares of the basic materials company’s stock after selling 2,000 shares during the period. Employees Retirement System of Texas’ holdings in Dow Chemical were worth $9,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL raised its stake in Dow Chemical by 76.0% in the second quarter. Tudor Investment Corp ET AL now owns 253,062 shares of the basic materials company’s stock worth $15,961,000 after buying an additional 109,273 shares in the last quarter. Compagnie Lombard Odier SCmA raised its stake in Dow Chemical by 0.4% in the second quarter. Compagnie Lombard Odier SCmA now owns 99,231 shares of the basic materials company’s stock worth $6,259,000 after buying an additional 375 shares in the last quarter. People s United Financial Inc. raised its stake in Dow Chemical by 4.4% in the second quarter. People s United Financial Inc. now owns 52,937 shares of the basic materials company’s stock worth $3,339,000 after buying an additional 2,211 shares in the last quarter. First Allied Advisory Services Inc. increased its position in shares of Dow Chemical by 9.2% during the second quarter. First Allied Advisory Services Inc. now owns 47,081 shares of the basic materials company’s stock worth $2,975,000 after purchasing an additional 3,985 shares in the last quarter. Finally, Balyasny Asset Management LLC increased its position in shares of Dow Chemical by 31.7% during the second quarter. Balyasny Asset Management LLC now owns 288,948 shares of the basic materials company’s stock worth $18,224,000 after purchasing an additional 69,554 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Shares of Dow Chemical Co (NYSE DOW) opened at $66.65 on Friday. Dow Chemical Co has a 1-year low of $51.57 and a 1-year high of $67.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.93 and a quick ratio of 1.32.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Dow Chemical from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $78.00 price target on shares of Dow Chemical in a research report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. Finally, Cowen Inc reaffirmed a “hold” rating and set a $60.00 price target on shares of Dow Chemical in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $72.02.

ILLEGAL ACTIVITY WARNING: “Employees Retirement System of Texas Lowers Position in Dow Chemical Co (DOW)” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/employees-retirement-system-of-texas-lowers-position-in-dow-chemical-co-dow/1727288.html.

About Dow Chemical

Want to see what other hedge funds are holding DOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Co (NYSE:DOW).

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

Receive News & Ratings for Dow Chemical Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Co and related companies with Analyst Ratings Network's FREE daily email newsletter.