PNC Financial Services Group Inc. trimmed its stake in shares of Dow Chemical Co (NYSE:DOW) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,790,680 shares of the basic materials company’s stock after selling 92,316 shares during the period. PNC Financial Services Group Inc. owned about 0.31% of Dow Chemical worth $239,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DOW. Financial Architects Inc lifted its stake in Dow Chemical by 0.4% in the 2nd quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 10 shares in the last quarter. Mascoma Wealth Management LLC lifted its stake in Dow Chemical by 0.4% in the 2nd quarter. Mascoma Wealth Management LLC now owns 3,513 shares of the basic materials company’s stock worth $222,000 after acquiring an additional 14 shares in the last quarter. Capital Management Corp VA lifted its stake in Dow Chemical by 0.3% in the 2nd quarter. Capital Management Corp VA now owns 4,505 shares of the basic materials company’s stock worth $284,000 after acquiring an additional 14 shares in the last quarter. Guardian Life Insurance Co. of America lifted its stake in Dow Chemical by 0.3% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock worth $274,000 after acquiring an additional 15 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC lifted its stake in Dow Chemical by 0.3% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 5,033 shares of the basic materials company’s stock worth $317,000 after acquiring an additional 16 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

DOW has been the subject of several research analyst reports. BidaskClub downgraded Dow Chemical from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Alembic Global Advisors set a $85.00 price objective on Dow Chemical and gave the stock a “buy” rating in a research note on Thursday, July 27th. Cowen and Company reissued a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a research note on Monday, August 28th. Jefferies Group LLC reissued a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $78.00 price objective on shares of Dow Chemical in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Dow Chemical presently has an average rating of “Buy” and an average price target of $72.02.

Dow Chemical Co (NYSE:DOW) opened at $66.65 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.93 and a debt-to-equity ratio of 0.68. Dow Chemical Co has a 52-week low of $51.57 and a 52-week high of $67.50.

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About Dow Chemical

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

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