315,021 Shares in Dow Chemical Company (The) (DOW) Acquired by AGF Investments Inc.

AGF Investments Inc. bought a new stake in shares of Dow Chemical Company (The) (NYSE:DOW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 315,021 shares of the basic materials company’s stock, valued at approximately $19,993,000.

Several other institutional investors have also recently bought and sold shares of the stock. Viking Global Investors LP purchased a new position in Dow Chemical Company (The) during the fourth quarter valued at approximately $1,124,481,000. Glenview Capital Management LLC purchased a new position in Dow Chemical Company (The) during the fourth quarter valued at approximately $503,426,000. Norges Bank purchased a new position in Dow Chemical Company (The) during the fourth quarter valued at approximately $327,158,000. Ameriprise Financial Inc. increased its position in Dow Chemical Company (The) by 26.8% in the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock valued at $674,160,000 after buying an additional 2,237,295 shares during the last quarter. Finally, I.G. Investment Management LTD. increased its position in Dow Chemical Company (The) by 540.3% in the fourth quarter. I.G. Investment Management LTD. now owns 2,263,254 shares of the basic materials company’s stock valued at $129,503,000 after buying an additional 1,909,784 shares during the last quarter. 69.00% of the stock is currently owned by institutional investors.

Shares of Dow Chemical Company (DOW) opened at 66.12 on Tuesday. The firm has a 50 day moving average price of $62.86 and a 200-day moving average price of $61.64. Dow Chemical Company has a one year low of $51.57 and a one year high of $66.48. The firm has a market cap of $80.78 billion, a P/E ratio of 16.29 and a beta of 1.13.

Dow Chemical Company (The) (NYSE:DOW) last released its quarterly earnings results on Thursday, April 27th. The basic materials company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.05. The firm had revenue of $13.23 billion during the quarter, compared to analyst estimates of $12.46 billion. Dow Chemical Company (The) had a net margin of 9.77% and a return on equity of 16.65%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 EPS. Analysts forecast that Dow Chemical Company will post $4.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, July 31st will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.78%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is currently 46.82%.

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Several equities analysts have recently commented on DOW shares. Alembic Global Advisors set a $85.00 target price on Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Monday, March 20th. Vetr downgraded Dow Chemical Company (The) from a “strong-buy” rating to a “buy” rating and set a $71.22 price target on the stock. in a research report on Monday, March 27th. Citigroup Inc. reissued a “hold” rating and set a $35.00 price target (down previously from $69.00) on shares of Dow Chemical Company (The) in a research report on Friday, April 14th. Zacks Investment Research raised Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, April 18th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $74.00 price target on shares of Dow Chemical Company (The) in a research report on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $69.69.

About Dow Chemical Company (The)

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

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