Oregon Public Employees Retirement Fund boosted its stake in Dow Chemical Company (The) (NYSE:DOW) by 66.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 196,332 shares of the basic materials company’s stock after buying an additional 78,651 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Dow Chemical Company (The) were worth $12,475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bank acquired a new stake in shares of Dow Chemical Company (The) during the first quarter worth approximately $103,000. West Oak Capital LLC raised its stake in Dow Chemical Company (The) by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock worth $107,000 after buying an additional 379 shares during the period. First Financial Corp IN raised its stake in Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock worth $107,000 after buying an additional 750 shares during the period. Cable Hill Partners LLC raised its stake in Dow Chemical Company (The) by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock worth $112,000 after buying an additional 124 shares during the period. Finally, CLS Investments LLC purchased a new stake in Dow Chemical Company (The) during the fourth quarter worth $123,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

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

Shares of Dow Chemical Company (DOW) opened at 64.10 on Friday. Dow Chemical Company has a 52 week low of $47.51 and a 52 week high of $65.42. The firm has a market cap of $78.31 billion, a PE ratio of 15.79 and a beta of 1.12. The stock’s 50 day moving average is $62.43 and its 200-day moving average is $61.07. Dow Chemical Company (The) also was the target of some unusual options trading on Tuesday. Stock traders purchased 13,149 call options on the company. This is an increase of approximately 212% compared to the average volume of 4,210 call options.

Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly earnings data on Thursday, April 27th. The basic materials company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.05. Dow Chemical Company (The) had a return on equity of 16.65% and a net margin of 9.77%. The firm had revenue of $13.23 billion for the quarter, compared to analyst estimates of $12.46 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Dow Chemical Company (The)’s quarterly revenue was up 23.6% on a year-over-year basis. On average, equities analysts predict that Dow Chemical Company will post $4.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, June 30th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Wednesday, June 28th. Dow Chemical Company (The)’s dividend payout ratio is presently 46.82%.

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A number of equities analysts have recently commented on DOW shares. Jefferies Group LLC raised shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and increased their price target for the stock from $65.00 to $75.00 in a report on Monday, March 6th. Vetr lowered shares of Dow Chemical Company (The) from a “strong-buy” rating to a “buy” rating and set a $71.22 target price on the stock. in a report on Monday, March 13th. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a report on Monday, March 20th. Zacks Investment Research lowered shares of Dow Chemical Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Finally, Barclays PLC increased their price target on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $69.47.

About Dow Chemical Company (The)

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