BlackRock Inc. increased its stake in Dow Chemical Co (NYSE:DOW) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,423,778 shares of the basic materials company’s stock after acquiring an additional 3,075,321 shares during the quarter. BlackRock Inc. owned about 6.82% of Dow Chemical worth $5,261,538,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Dow Chemical by 7.6% in the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock valued at $5,158,905,000 after buying an additional 5,722,128 shares during the period. Bank of New York Mellon Corp lifted its stake in Dow Chemical by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 16,655,781 shares of the basic materials company’s stock valued at $1,050,480,000 after buying an additional 114,858 shares during the period. FMR LLC lifted its stake in Dow Chemical by 11.8% in the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock valued at $985,078,000 after buying an additional 1,638,866 shares during the period. Glenview Capital Management LLC lifted its stake in Dow Chemical by 34.8% in the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock valued at $753,847,000 after buying an additional 3,066,049 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Dow Chemical by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 10,641,009 shares of the basic materials company’s stock valued at $671,251,000 after buying an additional 48,863 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Shares of Dow Chemical Co (NYSE DOW) opened at $66.65 on Tuesday. Dow Chemical Co has a 1-year low of $51.57 and a 1-year high of $67.50. The company has a quick ratio of 1.32, a current ratio of 1.93 and a debt-to-equity ratio of 0.68.

Several brokerages have issued reports on DOW. BidaskClub lowered Dow Chemical from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $78.00 price target on shares of Dow Chemical in a research note on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Alembic Global Advisors set a $85.00 price target on Dow Chemical and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Cowen and Company restated a “hold” rating and set a $60.00 price objective on shares of Dow Chemical in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $72.02.

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Dow Chemical Company Profile

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

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