Dow Chemical Co. (DOW) Stake Increased by Grassi Investment Management
Grassi Investment Management raised its stake in Dow Chemical Co. (NYSE:DOW) by 0.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,675 shares of the company’s stock after buying an additional 310 shares during the period. Grassi Investment Management’s holdings in Dow Chemical were worth $5,477,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Washington Trust Bank boosted its stake 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 acquired a new stake in Dow Chemical during the second quarter valued at approximately $111,000. Americafirst Capital Management LLC acquired a new stake in Dow Chemical during the second quarter valued at approximately $112,000. Nelson Roberts Investment Advisors LLC boosted its stake 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 acquired a new stake in Dow Chemical during the second quarter valued at approximately $115,000. 67.89% of the stock is owned by institutional investors and hedge funds.
Shares of Dow Chemical Co. (NYSE:DOW) traded up 0.26% during mid-day trading on Monday, reaching $54.32. The company had a trading volume of 6,646,458 shares. Dow Chemical Co. has a one year low of $40.26 and a one year high of $57.10. The company has a 50 day moving average price of $53.66 and a 200 day moving average price of $52.73. The company has a market capitalization of $60.91 billion, a price-to-earnings ratio of 8.46 and a beta of 1.20.
Dow Chemical (NYSE:DOW) last posted its earnings results on Thursday, October 27th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.12. Dow Chemical had a return on equity of 17.81% and a net margin of 16.91%. The firm had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.01 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts anticipate that Dow Chemical Co. will post $3.65 EPS for the current year.
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Several equities research analysts recently commented on the company. RBC Capital Markets reaffirmed a “top pick” rating and set a $68.00 target price (up previously from $65.00) on shares of Dow Chemical in a research note on Friday, October 28th. Vetr upgraded Dow Chemical from a “sell” rating to a “buy” rating and set a $57.93 price target on the stock in a report on Monday, October 24th. Zacks Investment Research lowered Dow Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Royal Bank Of Canada increased their price target on Dow Chemical from $65.00 to $68.00 and gave the stock a “top pick” rating in a report on Friday, October 28th. Finally, Citigroup Inc. upgraded Dow Chemical from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $59.00 in a report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Dow Chemical has an average rating of “Buy” and a consensus price target of $61.21.
Dow Chemical Company Profile
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