Laurel Wealth Advisors Inc. increased its position in shares of Dow Chemical Company (The) (NYSE:DOW) by 14.8% during the first quarter, Holdings Channel reports. The firm owned 9,040 shares of the basic materials company’s stock after buying an additional 1,166 shares during the period. Laurel Wealth Advisors Inc.’s holdings in Dow Chemical Company (The) were worth $574,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pinnacle Bank bought a new stake in shares of Dow Chemical Company (The) during the first quarter worth about $103,000. First Financial Corp IN raised its stake 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 worth $107,000 after buying an additional 750 shares during the period. Ruggie Capital Group raised its stake 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 worth $168,000 after buying an additional 1,910 shares during the period. Birch Hill Investment Advisors LLC bought a new stake in shares of Dow Chemical Company (The) during the first quarter worth about $197,000. Finally, Chelsea Counsel Co. bought a new stake in shares of Dow Chemical Company (The) during the first quarter worth about $200,000. 68.36% of the stock is owned by institutional investors.

Dow Chemical Company (NYSE DOW) traded up 0.25% during midday trading on Friday, hitting $63.34. 1,660,046 shares of the company traded hands. The firm has a market capitalization of $77.49 billion, a PE ratio of 27.13 and a beta of 1.13. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50. The stock’s 50-day moving average is $64.64 and its 200-day moving average is $63.14.

Dow Chemical Company (The) (NYSE:DOW) last announced its earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $13.60 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. Analysts anticipate that Dow Chemical Company will post $4.08 EPS for the current fiscal year.

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

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A number of brokerages have issued reports on DOW. BidaskClub raised shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 target price on shares of Dow Chemical Company (The) in a research note on Friday, April 28th. Cowen and Company lifted 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 note on Wednesday, May 31st. Zacks Investment Research lowered shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Barclays PLC lifted their target price on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $71.42.

About Dow Chemical Company (The)

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

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