Advantus Capital Management Inc raised its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,187 shares of the basic materials company’s stock after buying an additional 279 shares during the period. Advantus Capital Management Inc’s holdings in Dow Chemical Company (The) were worth $7,128,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. First Financial Corp IN raised its stake in shares of 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 valued at $107,000 after buying an additional 750 shares during the last quarter. Ruggie Capital Group increased its position 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 valued at $168,000 after buying an additional 1,910 shares during the period. Lyell Wealth Management LP purchased a new position in Dow Chemical Company (The) during the first quarter valued at $200,000. Chelsea Counsel Co. purchased a new position in Dow Chemical Company (The) during the first quarter valued at $200,000. Finally, Van Cleef Asset Management Inc purchased a new position in Dow Chemical Company (The) during the first quarter valued at $201,000. 68.36% of the stock is currently owned by institutional investors.

Shares of Dow Chemical Company (NYSE:DOW) traded up 0.30% during trading on Friday, reaching $64.54. The company had a trading volume of 2,676,460 shares. The firm has a market capitalization of $78.96 billion, a P/E ratio of 27.64 and a beta of 1.13. Dow Chemical Company has a 12 month low of $51.57 and a 12 month high of $67.50. The firm’s 50 day moving average price is $64.75 and its 200 day moving average price is $63.33.

Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings results 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. The firm 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%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 earnings per share. Equities 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. Shareholders of record on Monday, July 31st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.85%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s payout ratio is 76.99%.

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Several equities analysts have recently weighed in on DOW shares. Alembic Global Advisors set a $85.00 target price on Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Thursday, July 27th. Barclays PLC raised their target price on Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, May 1st. Citigroup Inc. raised their target price on Dow Chemical Company (The) from $73.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 target price on shares of Dow Chemical Company (The) in a research report on Thursday, July 6th. Finally, BidaskClub upgraded Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus 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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