Good Life Advisors LLC acquired a new position in shares of Dow Chemical Company (The) (NYSE:DOW) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,712 shares of the basic materials company’s stock, valued at approximately $425,000.

Other institutional investors have also recently bought and sold shares of the company. WINTON GROUP Ltd raised its position in Dow Chemical Company (The) by 170.1% in the first quarter. WINTON GROUP Ltd now owns 690,803 shares of the basic materials company’s stock worth $35,804,000 after buying an additional 435,087 shares in the last quarter. Stephens Inc. AR raised its position in Dow Chemical Company (The) by 4.2% in the first quarter. Stephens Inc. AR now owns 85,447 shares of the basic materials company’s stock worth $5,429,000 after buying an additional 3,429 shares in the last quarter. Muhlenkamp & Co. Inc. purchased a new position in Dow Chemical Company (The) during the first quarter worth $7,346,000. Clark Capital Management Group Inc. raised its position in Dow Chemical Company (The) by 87.7% in the first quarter. Clark Capital Management Group Inc. now owns 269,683 shares of the basic materials company’s stock worth $17,136,000 after buying an additional 126,034 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its position in Dow Chemical Company (The) by 19.3% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 5,380 shares of the basic materials company’s stock worth $342,000 after buying an additional 870 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Shares of Dow Chemical Company (NYSE DOW) traded down 0.5390% on Tuesday, hitting $64.3214. 608,399 shares of the stock traded hands. The stock has a 50-day moving average price of $64.75 and a 200 day moving average price of $63.33. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50. The stock has a market cap of $78.69 billion, a price-to-earnings ratio of 27.5466 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating 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 business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. During the same quarter in the prior year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, analysts anticipate that Dow Chemical Company will post $4.08 earnings per share 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. This represents a $1.84 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is presently 76.99%.

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A number of research firms have recently weighed in on DOW. Cowen and Company reissued a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical Company (The) in a research report on Monday. BidaskClub raised shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price objective on shares of Dow Chemical Company (The) in a research report on Thursday, July 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $71.42.

Dow Chemical Company (The) Company Profile

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

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