IFP Advisors Inc boosted its stake in shares of Dow Chemical Co (NYSE:DOW) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,865 shares of the basic materials company’s stock after acquiring an additional 2,268 shares during the quarter. IFP Advisors Inc’s holdings in Dow Chemical were worth $3,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Financial Architects Inc increased its holdings in shares of Dow Chemical by 0.4% in the second quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 10 shares during the period. Cypress Capital Management LLC raised its stake in shares of Dow Chemical by 0.3% during the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock worth $255,000 after purchasing an additional 12 shares during the last quarter. Mascoma Wealth Management LLC raised its stake in shares of Dow Chemical by 0.4% during the second quarter. Mascoma Wealth Management LLC now owns 3,513 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 14 shares during the last quarter. Capital Management Corp VA lifted its holdings in shares of Dow Chemical by 0.3% during the second quarter. Capital Management Corp VA now owns 4,505 shares of the basic materials company’s stock worth $284,000 after purchasing an additional 14 shares during the period. Finally, Guardian Life Insurance Co. of America lifted its holdings in shares of Dow Chemical by 0.3% during the first quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 15 shares during the period. 67.77% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on DOW shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $78.00 price objective on shares of Dow Chemical in a research report on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Cowen and Company restated a “hold” rating and set a $60.00 price objective on shares of Dow Chemical in a research report on Monday, August 28th. BidaskClub upgraded shares of Dow Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the stock a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Dow Chemical presently has an average rating of “Buy” and a consensus price target of $71.62.

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Shares of Dow Chemical Co (NYSE:DOW) opened at 66.65 on Monday. The company’s 50-day moving average is $64.79 and its 200-day moving average is $63.46. Dow Chemical Co has a 12-month low of $51.57 and a 12-month high of $67.50. The stock has a market cap of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13.

Dow Chemical (NYSE:DOW) last released its 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 had a net margin of 9.82% and a return on equity of 19.01%. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. During the same quarter last year, the company earned $0.95 EPS. Dow Chemical’s quarterly revenue was up 15.7% on a year-over-year basis. On average, analysts expect that Dow Chemical Co will post $4.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders 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 dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical’s dividend payout ratio is currently 76.99%.

Dow Chemical Profile

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

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