Ionic Capital Management LLC bought a new stake 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. The firm bought 65,300 shares of the basic materials company’s stock, valued at approximately $4,149,000.

Several other institutional investors have also recently modified their holdings of DOW. Pinnacle Bank purchased a new position in shares of Dow Chemical Company (The) during the first quarter valued at approximately $103,000. First Financial Corp IN boosted its position in shares of 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 valued at $107,000 after buying an additional 750 shares during the last quarter. Ruggie Capital Group boosted its position in shares of 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 valued at $168,000 after buying an additional 1,910 shares during the last quarter. Birch Hill Investment Advisors LLC purchased a new position in shares of Dow Chemical Company (The) during the first quarter valued at approximately $197,000. Finally, Lyell Wealth Management LP purchased a new position in shares of Dow Chemical Company (The) during the first quarter valued at approximately $200,000. Institutional investors own 68.79% of the company’s stock.

Shares of Dow Chemical Company (DOW) traded up 0.24% during trading on Friday, reaching $63.26. 4,990,267 shares of the company’s stock traded hands. The company has a market cap of $77.40 billion, a price-to-earnings ratio of 27.09 and a beta of 1.13. Dow Chemical Company has a 52-week low of $51.57 and a 52-week 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 announced its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analyst estimates of $13.60 billion. During the same period in the previous year, the business posted $0.95 earnings per share. Dow Chemical Company (The)’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts forecast that Dow Chemical Company will post $4.08 EPS for the current year.

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

COPYRIGHT VIOLATION NOTICE: This article was published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/ionic-capital-management-llc-invests-4-15-million-in-dow-chemical-company-the-dow/1479245.html.

Several brokerages have recently commented on DOW. UBS AG restated a “buy” rating and issued a $72.00 target price on shares of Dow Chemical Company (The) in a research report on Monday, May 15th. BidaskClub cut shares of Dow Chemical Company (The) from a “sell” rating to a “strong sell” rating in a research report on Thursday. Credit Suisse Group set a $66.00 target price on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Sunday, April 30th. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Cowen and Company boosted their target price on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $71.42.

About Dow Chemical Company (The)

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 Company (The) (NYSE:DOW).

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

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