Stock Yards Bank & Trust Co. held its stake in Dow Chemical Co (NYSE:DOW) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,020 shares of the basic materials company’s stock at the close of the 2nd quarter. Stock Yards Bank & Trust Co.’s holdings in Dow Chemical were worth $947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Dow Chemical by 7.6% in the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock worth $5,158,905,000 after purchasing an additional 5,722,128 shares during the period. Bank of New York Mellon Corp grew its holdings in Dow Chemical by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 16,540,923 shares of the basic materials company’s stock worth $1,051,010,000 after purchasing an additional 130,524 shares during the period. FMR LLC grew its holdings in shares of Dow Chemical by 11.8% during the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock valued at $985,078,000 after buying an additional 1,638,866 shares during the last quarter. Glenview Capital Management LLC grew its holdings in shares of Dow Chemical by 34.8% during the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock valued at $753,847,000 after buying an additional 3,066,049 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Dow Chemical by 26.8% during the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock valued at $674,160,000 after buying an additional 2,237,295 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

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DOW has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Dow Chemical from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Alembic Global Advisors set a $85.00 price target on shares of Dow Chemical and gave the company a “buy” rating in a report on Thursday, July 27th. Cowen and Company reiterated a “hold” rating and set a $60.00 price target on shares of Dow Chemical in a report on Monday, August 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $76.00 price target on shares of Dow Chemical in a report on Thursday, July 6th. Finally, Zacks Investment Research cut shares of Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Dow Chemical presently has a consensus rating of “Buy” and a consensus target price of $71.62.

Shares of Dow Chemical Co (NYSE:DOW) remained flat at $66.65 on Friday. 43,802,070 shares of the company 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 52 week low of $51.57 and a 52 week high of $67.50.

Dow Chemical (NYSE:DOW) last released its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping the 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 had a net margin of 9.82% and a return on equity of 19.01%. Dow Chemical’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 EPS. On average, equities research analysts expect that Dow Chemical Co will post $4.11 EPS for the current fiscal year.

The business also recently announced 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 2.76%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical’s dividend payout ratio is presently 76.99%.

Dow Chemical Profile

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

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