Oregon Public Employees Retirement Fund cut its stake in Dow Chemical Co. (NYSE:DOW) by 48.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,877 shares of the company’s stock after selling 107,358 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Dow Chemical were worth $6,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Washington Trust Bank increased its position in Dow Chemical by 7.9% in the third quarter. Washington Trust Bank now owns 1,926 shares of the company’s stock valued at $100,000 after buying an additional 141 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Dow Chemical during the second quarter valued at approximately $111,000. Americafirst Capital Management LLC bought a new position in Dow Chemical during the second quarter valued at approximately $112,000. Nelson Roberts Investment Advisors LLC increased its position in Dow Chemical by 2.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 2,260 shares of the company’s stock valued at $112,000 after buying an additional 50 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC bought a new position in Dow Chemical during the second quarter valued at approximately $115,000. Hedge funds and other institutional investors own 67.32% of the company’s stock.

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

Dow Chemical Co. (NYSE:DOW) traded up 0.20% during trading on Friday, reaching $54.18. The company had a trading volume of 2,494,390 shares. The stock has a 50 day moving average of $53.66 and a 200-day moving average of $52.73. The stock has a market capitalization of $60.76 billion, a P/E ratio of 8.44 and a beta of 1.20. Dow Chemical Co. has a 12-month low of $40.26 and a 12-month high of $57.10.

Dow Chemical (NYSE:DOW) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.12. The business earned $12.48 billion during the quarter, compared to the consensus estimate of $12.01 billion. Dow Chemical had a net margin of 16.91% and a return on equity of 17.81%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. On average, analysts forecast that Dow Chemical Co. will post $3.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, September 30th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Wednesday, September 28th. Dow Chemical’s payout ratio is currently 29.07%.

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DOW has been the topic of several analyst reports. Vetr upgraded Dow Chemical from a “sell” rating to a “buy” rating and set a $57.93 price objective on the stock in a report on Monday, October 24th. Zacks Investment Research upgraded Dow Chemical from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Wednesday, October 5th. Citigroup Inc. upgraded Dow Chemical from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $59.00 in a report on Monday, October 3rd. RBC Capital Markets set a $65.00 price target on Dow Chemical and gave the company a “buy” rating in a report on Tuesday, September 20th. Finally, Royal Bank Of Canada boosted their price target on Dow Chemical from $65.00 to $68.00 and gave the company a “top pick” rating in a report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.21.

Dow Chemical Company Profile

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