Bartlett & Co. LLC decreased its stake in Dow Chemical Company (The) (NYSE:DOW) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,830 shares of the basic materials company’s stock after selling 590 shares during the period. Bartlett & Co. LLC’s holdings in Dow Chemical Company (The) were worth $1,514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DOW. Penobscot Investment Management Company Inc. increased its stake in Dow Chemical Company (The) by 60.1% in the first quarter. Penobscot Investment Management Company Inc. now owns 7,613 shares of the basic materials company’s stock worth $484,000 after buying an additional 2,857 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in Dow Chemical Company (The) by 34.9% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 9,284 shares of the basic materials company’s stock worth $590,000 after buying an additional 2,402 shares during the last quarter. Founders Financial Securities LLC increased its stake in Dow Chemical Company (The) by 0.5% in the first quarter. Founders Financial Securities LLC now owns 6,329 shares of the basic materials company’s stock worth $402,000 after buying an additional 29 shares during the last quarter. Adviser Investments LLC bought a new stake in Dow Chemical Company (The) during the first quarter worth $568,000. Finally, Chickasaw Capital Management LLC increased its stake in Dow Chemical Company (The) by 13.5% in the first quarter. Chickasaw Capital Management LLC now owns 65,380 shares of the basic materials company’s stock worth $4,154,000 after buying an additional 7,780 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

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

Dow Chemical Company (DOW) traded up 0.45% during midday trading on Friday, reaching $64.39. 9,450,605 shares of the company’s stock traded hands. Dow Chemical Company has a 52-week low of $47.51 and a 52-week high of $65.42. The firm’s 50-day moving average is $62.46 and its 200 day moving average is $61.14. The firm has a market cap of $78.67 billion, a PE ratio of 15.86 and a beta of 1.12.

Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings results on Thursday, April 27th. The basic materials company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.99 by $0.05. The company had revenue of $13.23 billion during the quarter, compared to analyst estimates of $12.46 billion. Dow Chemical Company (The) had a net margin of 9.77% and a return on equity of 16.65%. The firm’s revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. Equities research analysts expect that Dow Chemical Company will post $4.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 30th will be issued a dividend of $0.46 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.84 annualized dividend and a yield of 2.86%. Dow Chemical Company (The)’s dividend payout ratio is presently 46.82%.

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A number of brokerages have commented on DOW. Alembic Global Advisors set a $85.00 price target on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Monday, March 20th. Vetr cut shares of Dow Chemical Company (The) from a “strong-buy” rating to a “buy” rating and set a $71.22 price target on the stock. in a research report on Monday, March 27th. Citigroup Inc. reaffirmed a “hold” rating and set a $35.00 price target (down previously from $69.00) on shares of Dow Chemical Company (The) in a research report on Friday, April 14th. Zacks Investment Research raised shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, April 18th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $74.00 price objective on shares of Dow Chemical Company (The) in a research report on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $69.47.

About Dow Chemical Company (The)

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