Ngam Advisors L.P. boosted its stake in Dow Chemical Company (The) (NYSE:DOW) by 22.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,975 shares of the basic materials company’s stock after buying an additional 43,581 shares during the period. Ngam Advisors L.P.’s holdings in Dow Chemical Company (The) were worth $15,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Moody National Bank Trust Division raised its position in shares of Dow Chemical Company (The) by 2.9% in the first quarter. Moody National Bank Trust Division now owns 22,839 shares of the basic materials company’s stock valued at $1,451,000 after buying an additional 633 shares during the last quarter. City Holding Co. raised its position in shares of Dow Chemical Company (The) by 1.3% in the first quarter. City Holding Co. now owns 6,386 shares of the basic materials company’s stock worth $406,000 after buying an additional 81 shares in the last quarter. Huntington National Bank raised its position in shares of Dow Chemical Company (The) by 5.2% in the first quarter. Huntington National Bank now owns 710,022 shares of the basic materials company’s stock worth $45,115,000 after buying an additional 35,316 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Dow Chemical Company (The) by 8.8% in the first quarter. State of Alaska Department of Revenue now owns 98,946 shares of the basic materials company’s stock worth $6,286,000 after buying an additional 7,986 shares in the last quarter. Finally, Chelsea Counsel Co. bought a new position in shares of Dow Chemical Company (The) during the first quarter worth approximately $200,000. 67.77% of the stock is currently owned by institutional investors.

Shares of Dow Chemical Company (NYSE:DOW) remained flat at $66.65 during mid-day trading on Friday. 43,802,070 shares of the company were exchanged. The company has a market capitalization of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13. The company’s 50 day moving average is $64.79 and its 200-day moving average is $63.46. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 earnings per share. On average, equities research analysts anticipate that Dow Chemical Company will post $4.08 EPS for the current year.

The firm also recently declared 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. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. 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 analysts have recently commented on DOW shares. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 price objective on shares of Dow Chemical Company (The) in a report on Thursday, July 6th. UBS AG reissued a “buy” rating and set a $72.00 price objective on shares of Dow Chemical Company (The) in a report on Monday, May 15th. Alembic Global Advisors set a $85.00 price objective on Dow Chemical Company (The) and gave the company a “buy” rating in a report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating on shares of Dow Chemical Company (The) in a report on Tuesday. Finally, Cowen and Company reissued a “hold” rating and set a $60.00 price objective on shares of Dow Chemical Company (The) in a report on Monday, August 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently 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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