Putnam FL Investment Management Co. lessened its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,516 shares of the basic materials company’s stock after selling 1,795 shares during the quarter. Putnam FL Investment Management Co.’s holdings in Dow Chemical Company (The) were worth $3,083,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ruggie Capital Group boosted its stake in shares of Dow Chemical Company (The) by 262.7% during the first quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 1,910 shares during the period. Birch Hill Investment Advisors LLC purchased a new stake in shares of Dow Chemical Company (The) during the first quarter valued at approximately $197,000. Lyell Wealth Management LP purchased a new stake in shares of Dow Chemical Company (The) during the first quarter valued at approximately $200,000. Van Cleef Asset Management Inc purchased a new stake in shares of Dow Chemical Company (The) during the first quarter valued at approximately $201,000. Finally, Nichols & Pratt Advisers LLP MA purchased a new stake in shares of Dow Chemical Company (The) during the first quarter valued at approximately $202,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

DOW has been the subject of a number of analyst reports. Royal Bank Of Canada reissued 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 reissued 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. 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. Jefferies Group LLC reissued a “buy” rating on shares of Dow Chemical Company (The) in a research note on Tuesday, August 29th. Finally, Cowen and Company reissued a “hold” rating and set a $60.00 price objective on shares of Dow Chemical Company (The) in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $71.42.

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Shares of Dow Chemical Company (NYSE:DOW) remained flat at $66.65 during mid-day trading on Wednesday. The company’s stock had a trading volume of 43,802,070 shares. The firm has a market cap of $81.54 billion, a PE ratio of 28.54 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 has a 50-day moving average of $64.79 and a 200-day moving average of $63.46.

Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.07. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. Dow Chemical Company (The)’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 EPS. Equities analysts anticipate that Dow Chemical Company will post $4.11 earnings per share for the current year.

The firm 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 $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is presently 76.99%.

Dow Chemical Company (The) Company Profile

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

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