HL Financial Services LLC lifted its holdings in shares of Dow Chemical Co (NYSE:DOW) by 12.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,495 shares of the basic materials company’s stock after purchasing an additional 5,357 shares during the quarter. HL Financial Services LLC’s holdings in Dow Chemical were worth $2,995,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. BP PLC lifted its position in shares of Dow Chemical by 8.0% during the second quarter. BP PLC now owns 257,000 shares of the basic materials company’s stock worth $16,209,000 after purchasing an additional 19,000 shares in the last quarter. Financial Advisory Service Inc. lifted its position in shares of Dow Chemical by 5.8% during the second quarter. Financial Advisory Service Inc. now owns 5,850 shares of the basic materials company’s stock worth $369,000 after purchasing an additional 321 shares in the last quarter. Advisor Partners LLC lifted its position in shares of Dow Chemical by 3.7% during the second quarter. Advisor Partners LLC now owns 25,156 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 896 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Dow Chemical by 2.1% during the second quarter. Pictet Asset Management Ltd. now owns 618,128 shares of the basic materials company’s stock worth $38,299,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Norris Perne & French LLP MI acquired a new stake in shares of Dow Chemical during the second quarter worth about $233,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Dow Chemical Co (NYSE:DOW) opened at 66.65 on Thursday. The firm has a 50-day moving average of $64.79 and a 200 day moving average of $63.46. The stock has a market capitalization of $81.54 billion, a price-to-earnings 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 announced its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. During the same period in the prior year, the company posted $0.95 EPS. Dow Chemical’s quarterly revenue was up 15.7% on a year-over-year basis. On average, analysts anticipate 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. Shareholders of record on Monday, July 31st were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, July 27th. Dow Chemical’s payout ratio is 76.99%.

DOW has been the topic of several research reports. Cowen and Company reissued a “hold” rating and set a $60.00 price target on shares of Dow Chemical in a research report on Monday, August 28th. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the company a “buy” rating in a report on Thursday, July 27th. BidaskClub raised shares of Dow Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 target price on shares of Dow Chemical in a report on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. 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 stock presently has an average rating of “Buy” and a consensus price target of $72.02.

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Dow Chemical Profile

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

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