Tdam USA Inc. reduced its position in shares of Dow Chemical Co (NYSE:DOW) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,607 shares of the basic materials company’s stock after selling 9,520 shares during the period. Tdam USA Inc.’s holdings in Dow Chemical were worth $15,655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Command Bank lifted its stake in shares of Dow Chemical by 36.9% in the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 436 shares during the period. Perkins Coie Trust Co lifted its position in shares of Dow Chemical by 33.7% during the 2nd quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 480 shares during the period. Financial Architects Inc lifted its position in shares of Dow Chemical by 0.4% during the 2nd quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 10 shares during the period. MCF Advisors LLC lifted its position in shares of Dow Chemical by 49.3% during the 2nd quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock valued at $147,000 after acquiring an additional 770 shares during the period. Finally, Ruggie Capital Group lifted its position in shares of Dow Chemical by 262.7% during the 1st quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 1,910 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Dow Chemical Co (NYSE:DOW) opened at 66.65 on Wednesday. The firm has a market capitalization of $81.54 billion, a P/E 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. The firm has a 50-day moving average price of $64.79 and a 200-day moving average price of $63.46.

Dow Chemical (NYSE:DOW) last issued its earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.07. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts forecast that Dow Chemical Co will post $4.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, July 31st were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, July 27th. Dow Chemical’s payout ratio is presently 76.99%.

Several equities analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Dow Chemical in a research note on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Cowen and Company reaffirmed a “hold” rating and issued a $60.00 price target on shares of Dow Chemical in a report on Monday, August 28th. BidaskClub upgraded shares of 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 objective on shares of Dow Chemical and gave the stock a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $71.62.

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Dow Chemical Profile

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

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