Boston Partners reduced its position in shares of Dow Chemical Co (NYSE:DOW) by 18.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,981,934 shares of the basic materials company’s stock after selling 1,764,704 shares during the quarter. Boston Partners owned 0.65% of Dow Chemical worth $503,421,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. First Command Bank grew its holdings in shares of Dow Chemical by 36.9% during the 2nd quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 436 shares in the last quarter. Perkins Coie Trust Co grew its holdings 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 in the last quarter. Financial Architects Inc grew its holdings 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 in the last quarter. MCF Advisors LLC grew its holdings 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 in the last quarter. Finally, Ruggie Capital Group grew its holdings 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 in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Shares of Dow Chemical Co (NYSE DOW) opened at 66.65 on Friday. 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 one year low of $51.57 and a one year high of $67.50.

Dow Chemical (NYSE:DOW) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. During the same period in the previous year, the business earned $0.95 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. On average, analysts anticipate that Dow Chemical Co will post $4.11 earnings per share for the current year.

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

Several research firms have recently commented on DOW. BidaskClub cut shares of Dow Chemical from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. 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. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price target on shares of Dow Chemical in a report on Thursday, July 6th. Zacks Investment Research cut shares of Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Cowen and Company restated a “hold” rating and set a $60.00 price target on shares of Dow Chemical in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $72.02.

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Dow Chemical Company Profile

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

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