Sterling Investment Advisors Ltd. grew its position in Dow Chemical Co (NYSE:DOW) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,600 shares of the basic materials company’s stock after purchasing an additional 200 shares during the quarter. Dow Chemical makes up about 1.8% of Sterling Investment Advisors Ltd.’s investment portfolio, making the stock its 12th largest holding. Sterling Investment Advisors Ltd.’s holdings in Dow Chemical were worth $2,516,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Shelton Capital Management boosted its position in shares of Dow Chemical by 0.5% in the first quarter. Shelton Capital Management now owns 224,018 shares of the basic materials company’s stock worth $14,234,000 after purchasing an additional 1,050 shares during the period. National Asset Management Inc. boosted its position in shares of Dow Chemical by 1.3% in the first quarter. National Asset Management Inc. now owns 20,268 shares of the basic materials company’s stock worth $1,288,000 after purchasing an additional 262 shares during the period. Southeast Asset Advisors Inc. bought a new position in shares of Dow Chemical in the first quarter worth approximately $260,000. Oakview Capital Management L.P. boosted its position in shares of Dow Chemical by 10.0% in the first quarter. Oakview Capital Management L.P. now owns 185,492 shares of the basic materials company’s stock worth $11,786,000 after purchasing an additional 16,937 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Dow Chemical by 24.7% in the first quarter. AQR Capital Management LLC now owns 3,138,758 shares of the basic materials company’s stock worth $199,437,000 after purchasing an additional 622,404 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

A number of brokerages recently weighed in on DOW. UBS AG restated a “buy” rating and set a $72.00 target price on shares of Dow Chemical in a research report on Monday, May 15th. BidaskClub lowered shares of Dow Chemical from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and set a $78.00 target price on shares of Dow Chemical in a research report on Wednesday. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Cowen and Company upped their target price on shares of Dow Chemical from $47.00 to $60.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Dow Chemical currently has a consensus rating of “Buy” and a consensus price target of $71.62.

Dow Chemical Co (NYSE:DOW) remained flat at $66.65 during midday trading on Friday. 43,802,070 shares of the company’s stock were exchanged. The company has a 50 day moving average of $64.79 and a 200 day moving average of $63.46. The company has a market capitalization of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13. Dow Chemical Co has a one year low of $51.57 and a one year high of $67.50.

Dow Chemical (NYSE:DOW) last announced its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities research analysts anticipate that Dow Chemical Co will post $4.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 annualized dividend and a yield of 2.76%. Dow Chemical’s dividend payout ratio (DPR) is presently 76.99%.

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Dow Chemical Profile

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

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