Mosaic Family Wealth LLC decreased its position in Dow Chemical Company (The) (NYSE:DOW) by 5.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,736 shares of the basic materials company’s stock after selling 415 shares during the period. Mosaic Family Wealth LLC’s holdings in Dow Chemical Company (The) were worth $492,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DOW. Franklin Resources Inc. boosted its stake in shares of 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 in the last quarter. Viking Global Investors LP bought a new stake in shares of Dow Chemical Company (The) during the fourth quarter valued at about $1,124,481,000. Bank of New York Mellon Corp boosted its stake in shares of Dow Chemical Company (The) by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 16,540,923 shares of the basic materials company’s stock valued at $1,051,010,000 after buying an additional 130,524 shares in the last quarter. Glenview Capital Management LLC bought a new stake in shares of Dow Chemical Company (The) during the fourth quarter valued at about $503,426,000. Finally, Norges Bank bought a new stake in shares of Dow Chemical Company (The) during the fourth quarter valued at about $327,158,000. 68.97% of the stock is owned by institutional investors.

Dow Chemical Company (NYSE DOW) traded up 1.07% during mid-day trading on Friday, hitting $64.11. 4,014,264 shares of the stock traded hands. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50. The stock has a market cap of $78.43 billion, a PE ratio of 27.46 and a beta of 1.13. The company has a 50 day moving average of $64.82 and a 200-day moving average of $62.82.

Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.07. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. During the same period last year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts forecast that Dow Chemical Company will post $4.08 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio is presently 76.99%.

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Several research analysts have recently weighed in on the stock. UBS AG restated a “buy” rating and set a $72.00 price objective on shares of Dow Chemical Company (The) in a research report on Monday, May 15th. Credit Suisse Group set a $66.00 price target on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a report on Sunday, April 30th. 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 report on Thursday, July 27th. BidaskClub downgraded shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Cowen and Company lifted their price target on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $71.42.

Dow Chemical Company (The) Company Profile

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

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