Puzo Michael J bought a new position in Dow Chemical Co (NYSE:DOW) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,457 shares of the basic materials company’s stock, valued at approximately $220,000.

Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC lifted its holdings in shares of Dow Chemical by 23.1% in the 1st quarter. Jennison Associates LLC now owns 2,487,443 shares of the basic materials company’s stock worth $158,052,000 after buying an additional 467,320 shares during the period. Primecap Management Co. CA lifted its holdings in shares of Dow Chemical by 12.2% in the 1st quarter. Primecap Management Co. CA now owns 2,157,075 shares of the basic materials company’s stock worth $137,061,000 after buying an additional 234,375 shares during the period. Muhlenkamp & Co. Inc. purchased a new stake in shares of Dow Chemical in the 1st quarter worth $7,346,000. Sentry Investment Management LLC lifted its holdings in shares of Dow Chemical by 5.5% in the 1st quarter. Sentry Investment Management LLC now owns 88,765 shares of the basic materials company’s stock worth $5,640,000 after buying an additional 4,636 shares during the period. Finally, Sit Investment Associates Inc. lifted its holdings in shares of Dow Chemical by 50.6% in the 1st quarter. Sit Investment Associates Inc. now owns 664,250 shares of the basic materials company’s stock worth $42,206,000 after buying an additional 223,135 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

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Shares of Dow Chemical Co (NYSE DOW) remained flat at $66.65 on Tuesday. 43,802,070 shares of the stock were exchanged. The company has a market cap of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13. Dow Chemical Co 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 $64.79 and its 200 day moving average price is $63.46.

Dow Chemical (NYSE:DOW) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. Dow Chemical’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. On average, analysts expect that Dow Chemical Co will post $4.11 EPS 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 dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical’s dividend payout ratio (DPR) is 76.99%.

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

About Dow Chemical

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

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