Wellington Management Group LLP cut its position in shares of Dow Chemical Company (The) (NYSE:DOW) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,220,117 shares of the basic materials company’s stock after selling 1,257,909 shares during the period. Wellington Management Group LLP owned 2.85% of Dow Chemical Company (The) worth $2,174,346,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. 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. Ruggie Capital Group raised its stake in Dow Chemical Company (The) by 262.7% in the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock worth $168,000 after buying an additional 1,910 shares during the period. Chelsea Counsel Co. bought a new stake in Dow Chemical Company (The) during the first quarter worth about $200,000. Lyell Wealth Management LP bought a new stake in Dow Chemical Company (The) during the first quarter worth about $200,000. Finally, Van Cleef Asset Management Inc bought a new stake in Dow Chemical Company (The) during the first quarter worth about $201,000. Institutional investors and hedge funds own 68.36% of the company’s stock.

Dow Chemical Company (DOW) traded up 0.039% on Friday, reaching $64.375. The company’s stock had a trading volume of 601,209 shares. The firm has a market capitalization of $78.76 billion, a PE ratio of 27.570 and a beta of 1.13. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $67.50. The stock’s 50 day moving average is $64.73 and its 200-day moving average is $63.29.

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, beating analysts’ consensus estimates of $1.01 by $0.07. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. Analysts predict that Dow Chemical Company will post $4.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be paid a $0.46 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.86%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is 76.99%.

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A number of equities research analysts have weighed in on DOW shares. Alembic Global Advisors set a $85.00 price objective on Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price objective on shares of Dow Chemical Company (The) in a research note on Thursday, July 6th. UBS AG restated a “buy” rating and set a $72.00 price objective on shares of Dow Chemical Company (The) in a research note on Monday, May 15th. Credit Suisse Group set a $66.00 price objective on Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Sunday, April 30th. Finally, Citigroup Inc. raised their price objective on Dow Chemical Company (The) from $73.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $71.42.

About Dow Chemical Company (The)

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

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