Texas Permanent School Fund reduced its position in shares of Dow Chemical Company (The) (NYSE:DOW) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 326,149 shares of the basic materials company’s stock after selling 9,774 shares during the period. Texas Permanent School Fund’s holdings in Dow Chemical Company (The) were worth $20,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cypress Capital Management LLC increased its position in Dow Chemical Company (The) by 0.3% in the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock worth $255,000 after buying an additional 12 shares in the last quarter. Capital Management Corp VA increased its position in Dow Chemical Company (The) by 0.3% in the first quarter. Capital Management Corp VA now owns 4,491 shares of the basic materials company’s stock worth $285,000 after buying an additional 15 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in Dow Chemical Company (The) by 0.3% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 5,620 shares of the basic materials company’s stock worth $322,000 after buying an additional 19 shares in the last quarter. Stokes & Hubbell Capital Management LLC increased its position in Dow Chemical Company (The) by 0.4% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 6,037 shares of the basic materials company’s stock worth $384,000 after buying an additional 23 shares in the last quarter. Finally, Founders Financial Securities LLC increased its position 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 in the last quarter. Institutional investors and hedge funds own 68.97% of the company’s stock.

Dow Chemical Company (NYSE:DOW) traded down 1.35% during trading on Thursday, reaching $63.43. The company’s stock had a trading volume of 6,185,131 shares. The firm has a 50-day moving average price of $64.82 and a 200-day moving average price of $62.82. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $67.50. The firm has a market capitalization of $77.60 billion, a P/E ratio of 25.58 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. Dow Chemical Company (The)’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. On average, equities analysts anticipate that Dow Chemical Company will post $4.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s payout ratio is 76.99%.

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DOW has been the subject of a number of recent research reports. Credit Suisse Group set a $66.00 price objective on Dow Chemical Company (The) and gave the stock a “buy” rating in a research report on Sunday, April 30th. Zacks Investment Research raised Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, April 18th. BidaskClub raised Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Alembic Global Advisors set a $85.00 price target on Dow Chemical Company (The) and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, UBS AG reissued a “buy” rating and issued a $72.00 price target on shares of Dow Chemical Company (The) in a report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $71.42.

Dow Chemical Company (The) Company Profile

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

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