Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in shares of Dow Chemical Co (NYSE:DOW) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,946 shares of the basic materials company’s stock after purchasing an additional 1,858 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Dow Chemical were worth $2,393,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DOW. Vanguard Group Inc. lifted its stake in shares of Dow Chemical by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock worth $5,158,905,000 after acquiring an additional 5,722,128 shares during the period. Jana Partners LLC acquired a new stake in shares of Dow Chemical in the 1st quarter worth $225,688,000. Glenview Capital Management LLC lifted its stake in shares of Dow Chemical by 34.8% in the 1st quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock worth $753,847,000 after acquiring an additional 3,066,049 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Dow Chemical by 26.8% in the 1st quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock worth $674,160,000 after acquiring an additional 2,237,295 shares during the period. Finally, FMR LLC lifted its stake in shares of Dow Chemical by 11.8% in the 1st quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock worth $985,078,000 after acquiring an additional 1,638,866 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

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Shares of Dow Chemical Co (NYSE DOW) remained flat at $66.65 during trading on Thursday. 43,802,070 shares of the stock traded hands. The company’s 50-day moving average is $64.79 and its 200-day moving average is $63.46. Dow Chemical Co has a 52 week low of $51.57 and a 52 week high of $67.50. The firm has a market cap of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13.

Dow Chemical (NYSE:DOW) last posted its quarterly earnings data 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 business had revenue of $13.83 billion during 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%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. Equities research analysts anticipate that Dow Chemical Co will post $4.11 EPS for the current year.

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

Several research firms have recently commented on DOW. Royal Bank Of Canada restated a “buy” rating and issued a $78.00 target price on shares of Dow Chemical in a research note on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Cowen and Company restated a “hold” rating and issued a $60.00 target price on shares of Dow Chemical in a research note on Monday, August 28th. BidaskClub upgraded shares of Dow Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Alembic Global Advisors set a $85.00 target price on shares of 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 assigned a strong buy rating to the stock. Dow Chemical currently has an average rating of “Buy” and a consensus price target of $71.62.

Dow Chemical Company Profile

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

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