Northeast Investment Management maintained its stake in shares of Dow Chemical Co (NYSE:DOW) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,615 shares of the basic materials company’s stock at the close of the second quarter. Northeast Investment Management’s holdings in Dow Chemical were worth $228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Personal Capital Advisors Corp raised its holdings in Dow Chemical by 511.5% in the 2nd quarter. Personal Capital Advisors Corp now owns 65,488 shares of the basic materials company’s stock worth $4,130,000 after purchasing an additional 54,779 shares in the last quarter. Wexford Capital LP raised its holdings in Dow Chemical by 23.9% in the 1st quarter. Wexford Capital LP now owns 176,445 shares of the basic materials company’s stock worth $11,211,000 after purchasing an additional 34,058 shares in the last quarter. Primecap Management Co. CA raised its holdings in Dow Chemical by 12.2% in the 1st quarter. Primecap Management Co. CA now owns 2,157,075 shares of the basic materials company’s stock worth $137,061,000 after purchasing an additional 234,375 shares in the last quarter. Muhlenkamp & Co. Inc. bought a new position in Dow Chemical in the 1st quarter worth $7,346,000. Finally, Sentry Investment Management LLC raised its holdings in Dow Chemical by 5.5% in the 1st quarter. Sentry Investment Management LLC now owns 88,765 shares of the basic materials company’s stock worth $5,640,000 after purchasing an additional 4,636 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

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

Dow Chemical (NYSE:DOW) last announced its earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. Equities research analysts predict that Dow Chemical Co will post $4.11 earnings per share for the current year.

Several research analysts have commented on DOW shares. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical and gave the stock a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 price target on shares of Dow Chemical in a research note on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Cowen and Company reiterated a “hold” rating and issued a $60.00 price target on shares of Dow Chemical in a research note on Monday, August 28th. Finally, BidaskClub upgraded shares of Dow Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. One 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 stock. The company has a consensus rating of “Buy” and an average price target of $72.02.

Dow Chemical Profile

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

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