OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Dow Chemical Co (NYSE:DOW) by 14.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,896 shares of the basic materials company’s stock after purchasing an additional 2,596 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Dow Chemical were worth $1,328,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cypress Capital Management LLC increased its position in shares of Dow Chemical by 0.3% in the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock worth $255,000 after purchasing an additional 12 shares during the period. Capital Management Corp VA increased its position in shares of Dow Chemical by 0.3% in the first quarter. Capital Management Corp VA now owns 4,491 shares of the basic materials company’s stock worth $285,000 after purchasing an additional 15 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of Dow Chemical by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 15 shares during the period. Mark Sheptoff Financial Planning LLC increased its position in shares of Dow Chemical by 0.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 5,017 shares of the basic materials company’s stock worth $319,000 after purchasing an additional 17 shares during the period. Finally, Financial Advisory Service Inc. increased its position in shares of Dow Chemical by 0.4% in the first quarter. Financial Advisory Service Inc. now owns 5,529 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 23 shares during the period. Institutional investors own 67.77% of the company’s stock.

Dow Chemical Co (NYSE:DOW) remained flat at $66.65 on Tuesday. 43,802,070 shares of the stock were exchanged. Dow Chemical Co has a 12-month low of $51.57 and a 12-month high of $67.50. The stock has a market cap of $81.54 billion, a price-to-earnings ratio of 28.54 and a beta of 1.13. The stock has a 50-day moving average of $64.79 and a 200 day moving average of $63.46.

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

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

A number of research analysts recently commented on the company. Royal Bank Of Canada restated a “buy” rating and issued a $78.00 price target on shares of Dow Chemical in a research report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. Cowen and Company restated a “hold” rating and issued a $60.00 price target on shares of Dow Chemical in a research report on Monday, August 28th. BidaskClub upgraded Dow Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Alembic Global Advisors set a $85.00 price target on Dow Chemical and gave the stock a “buy” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $71.62.

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About Dow Chemical

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

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