Dow Chemical Company (The) (NYSE:DOW) Position Raised by Investment House LLC

Investment House LLC boosted its position in shares of Dow Chemical Company (The) (NYSE:DOW) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,840 shares of the basic materials company’s stock after buying an additional 500 shares during the period. Investment House LLC’s holdings in Dow Chemical Company (The) were worth $1,567,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in DOW. Cypress Capital Management LLC boosted its stake in Dow Chemical Company (The) by 0.3% in the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock worth $255,000 after buying an additional 12 shares in the last quarter. Mascoma Wealth Management LLC boosted its stake in Dow Chemical Company (The) by 0.4% in the second quarter. Mascoma Wealth Management LLC now owns 3,513 shares of the basic materials company’s stock worth $222,000 after buying an additional 14 shares in the last quarter. Capital Management Corp VA boosted its stake in Dow Chemical Company (The) by 0.3% in the second quarter. Capital Management Corp VA now owns 4,505 shares of the basic materials company’s stock worth $284,000 after buying an additional 14 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in Dow Chemical Company (The) by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock worth $274,000 after buying an additional 15 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in Dow Chemical Company (The) by 0.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 5,017 shares of the basic materials company’s stock worth $319,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 68.79% of the company’s stock.

Dow Chemical Company (NYSE DOW) traded up 0.24% during trading on Friday, hitting $63.26. 4,990,267 shares of the stock were exchanged. The firm has a market cap of $77.40 billion, a PE ratio of 27.09 and a beta of 1.13. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $67.50. The firm’s 50-day moving average is $64.62 and its 200 day moving average is $63.06.

Dow Chemical Company (The) (NYSE:DOW) last posted its earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. Analysts expect that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

The firm also recently announced 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. This represents a $1.84 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s payout ratio is presently 76.99%.

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A number of research firms recently commented on DOW. UBS AG restated a “buy” rating and issued a $72.00 price objective on shares of Dow Chemical Company (The) in a research report on Monday, May 15th. Credit Suisse Group set a $66.00 price objective on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Sunday, April 30th. BidaskClub cut shares of Dow Chemical Company (The) from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, April 18th. Finally, Cowen and Company upped their price objective on shares of Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $71.42.

About Dow Chemical Company (The)

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

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