First American Bank lowered its stake in Dow Chemical Co (NYSE:DOW) by 0.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 138,817 shares of the basic materials company’s stock after selling 36 shares during the quarter. First American Bank’s holdings in Dow Chemical were worth $8,756,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cypress Capital Management LLC raised its holdings in shares of Dow Chemical by 0.3% during the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock valued at $255,000 after acquiring an additional 12 shares in the last quarter. Capital Management Corp VA raised its holdings in shares of Dow Chemical by 0.3% during the first quarter. Capital Management Corp VA now owns 4,491 shares of the basic materials company’s stock valued at $285,000 after acquiring an additional 15 shares in the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of Dow Chemical by 0.3% during the first quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock valued at $274,000 after acquiring an additional 15 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Dow Chemical by 0.3% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 5,017 shares of the basic materials company’s stock valued at $319,000 after acquiring an additional 17 shares in the last quarter. Finally, Financial Advisory Service Inc. raised its holdings in shares of Dow Chemical by 0.4% during the first quarter. Financial Advisory Service Inc. now owns 5,529 shares of the basic materials company’s stock valued at $351,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Shares of Dow Chemical Co (NYSE:DOW) remained flat at $66.65 during midday trading on Monday. The company’s stock had a trading volume of 43,802,070 shares. The stock has a 50-day moving average price of $64.79 and a 200 day moving average price 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 issued its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates 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 was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. On average, equities research analysts expect that Dow Chemical Co will post $4.11 earnings per share for the current fiscal year.

The company 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 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 presently 76.99%.

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DOW has been the subject of a number of recent analyst reports. Alembic Global Advisors set a $85.00 target price on Dow Chemical and gave the company a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $76.00 target price on shares of Dow Chemical in a report on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. Cowen and Company restated a “hold” rating and set a $60.00 target price on shares of Dow Chemical in a report on Monday, August 28th. Finally, BidaskClub upgraded Dow Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $71.62.

Dow Chemical Profile

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

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