Huntington National Bank increased its position in shares of Dow Chemical Co. (NYSE:DOW) by 70.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,787 shares of the company’s stock after buying an additional 205,820 shares during the period. Huntington National Bank’s holdings in Dow Chemical were worth $24,695,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Hudson Canyon Investment Counselors LLC raised its stake in Dow Chemical by 10.8% in the second quarter. Hudson Canyon Investment Counselors LLC now owns 9,308 shares of the company’s stock worth $463,000 after buying an additional 908 shares in the last quarter. Advisory Services Network LLC raised its stake in Dow Chemical by 1.3% in the second quarter. Advisory Services Network LLC now owns 17,765 shares of the company’s stock worth $883,000 after buying an additional 234 shares in the last quarter. CG Asset Management LLC raised its stake in Dow Chemical by 447.2% in the second quarter. CG Asset Management LLC now owns 57,710 shares of the company’s stock worth $2,869,000 after buying an additional 47,164 shares in the last quarter. First National Trust Co. raised its stake in Dow Chemical by 1.8% in the second quarter. First National Trust Co. now owns 47,745 shares of the company’s stock worth $2,374,000 after buying an additional 833 shares in the last quarter. Finally, Benedict Financial Advisors Inc. raised its stake in Dow Chemical by 0.9% in the second quarter. Benedict Financial Advisors Inc. now owns 16,773 shares of the company’s stock worth $831,000 after buying an additional 147 shares in the last quarter. 67.52% of the stock is currently owned by institutional investors.

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

Dow Chemical Co. (NYSE:DOW) traded down 0.04% during mid-day trading on Tuesday, hitting $53.52. The company had a trading volume of 4,857,800 shares. The stock’s 50 day moving average price is $53.07 and its 200 day moving average price is $52.29. The firm has a market cap of $60.31 billion, a P/E ratio of 7.82 and a beta of 1.40. Dow Chemical Co. has a 52-week low of $40.26 and a 52-week high of $57.10.

Dow Chemical (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. Dow Chemical had a return on equity of 18.86% and a net margin of 18.31%. The firm had revenue of $12 billion for the quarter, compared to analysts’ expectations of $11.24 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Dow Chemical’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts predict that Dow Chemical Co. will post $3.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, September 28th. Dow Chemical’s payout ratio is currently 27.10%.

Several brokerages have recently weighed in on DOW. Zacks Investment Research raised Dow Chemical from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Wednesday, October 5th. Citigroup Inc. raised Dow Chemical from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $59.00 in a research report on Monday, October 3rd. RBC Capital Markets set a $65.00 target price on Dow Chemical and gave the stock a “buy” rating in a research report on Tuesday, September 20th. Vetr raised Dow Chemical from a “hold” rating to a “buy” rating and set a $57.48 target price on the stock in a research report on Monday, September 5th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $61.00 target price on shares of Dow Chemical in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $60.10.

Dow Chemical Company Profile

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