Boston Private Wealth LLC cut its holdings in Dow Chemical Co (NYSE:DOW) by 9.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 94,514 shares of the basic materials company’s stock after selling 10,197 shares during the period. Boston Private Wealth LLC’s holdings in Dow Chemical were worth $5,961,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Knowledge Leaders Capital LLC increased its stake in shares of Dow Chemical by 0.7% in the second quarter. Knowledge Leaders Capital LLC now owns 91,413 shares of the basic materials company’s stock worth $5,765,000 after purchasing an additional 680 shares during the period. Wayne Hummer Investments L.L.C. increased its stake in shares of Dow Chemical by 0.8% in the second quarter. Wayne Hummer Investments L.L.C. now owns 12,862 shares of the basic materials company’s stock worth $811,000 after purchasing an additional 101 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Dow Chemical by 3.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 1,647,459 shares of the basic materials company’s stock worth $103,905,000 after purchasing an additional 47,568 shares during the period. Bristol Gate Capital Partners Inc. increased its stake in shares of Dow Chemical by 1.0% in the second quarter. Bristol Gate Capital Partners Inc. now owns 466,088 shares of the basic materials company’s stock worth $29,396,000 after purchasing an additional 4,409 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Dow Chemical by 2.4% in the second quarter. Jennison Associates LLC now owns 2,547,535 shares of the basic materials company’s stock worth $160,673,000 after purchasing an additional 60,092 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

DOW has been the topic of a number of recent analyst reports. Cowen and Company reiterated a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a research note on Monday, August 28th. Alembic Global Advisors set a $85.00 price objective on Dow Chemical and gave the stock a “buy” rating in a research note on Thursday, July 27th. BidaskClub upgraded Dow Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 price objective on shares of Dow Chemical in a research note on Thursday, July 6th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Dow Chemical presently has an average rating of “Buy” and a consensus target price of $72.02.

Dow Chemical Co (DOW) opened at 66.65 on Wednesday. The company’s 50-day moving average price is $64.79 and its 200 day moving average price is $63.46. The company 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 EPS for the quarter, topping 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 analysts’ expectations of $13.60 billion. During the same period last year, the firm earned $0.95 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, analysts predict that Dow Chemical Co will post $4.11 EPS for the current year.

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Dow Chemical Profile

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

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