FUKOKU MUTUAL LIFE INSURANCE Co reduced its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 56.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,720 shares of the basic materials company’s stock after selling 10,000 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Dow Chemical Company (The) were worth $491,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Viking Global Investors LP bought a new stake in Dow Chemical Company (The) during the fourth quarter valued at $1,124,481,000. Glenview Capital Management LLC bought a new stake in Dow Chemical Company (The) during the fourth quarter valued at $503,426,000. Norges Bank bought a new stake in Dow Chemical Company (The) during the fourth quarter valued at $327,158,000. Franklin Resources Inc. boosted its stake in Dow Chemical Company (The) by 17.8% in the fourth quarter. Franklin Resources Inc. now owns 28,544,097 shares of the basic materials company’s stock valued at $1,633,293,000 after buying an additional 4,313,967 shares during the last quarter. Finally, State Street Corp boosted its stake in Dow Chemical Company (The) by 5.7% in the fourth quarter. State Street Corp now owns 49,143,602 shares of the basic materials company’s stock valued at $2,811,994,000 after buying an additional 2,655,523 shares during the last quarter. Hedge funds and other institutional investors own 69.55% of the company’s stock.

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

Dow Chemical Company (NYSE:DOW) opened at 64.39 on Monday. The company’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 has a one year low of $47.51 and a one year high of $65.42.

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

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

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Several equities research analysts have weighed in on DOW shares. Alembic Global Advisors set a $85.00 price objective 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 for the company. in a research report on Monday, March 27th. Citigroup Inc. reiterated 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 upgraded shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday, April 18th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $74.00 price target 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 issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $69.47.

Dow Chemical Company (The) Company Profile

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