Boston Family Office LLC held its position in Dow Chemical Co. (NYSE:DOW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,123 shares of the company’s stock at the end of the third quarter. Boston Family Office LLC’s holdings in Dow Chemical were worth $317,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Washington Trust Bank boosted its stake in Dow Chemical by 7.9% in the third quarter. Washington Trust Bank now owns 1,926 shares of the company’s stock worth $100,000 after buying an additional 141 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Dow Chemical during the second quarter worth $111,000. Americafirst Capital Management LLC acquired a new stake in Dow Chemical during the second quarter worth $112,000. Nelson Roberts Investment Advisors LLC boosted its stake in Dow Chemical by 2.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 2,260 shares of the company’s stock worth $112,000 after buying an additional 50 shares during the period. Finally, Pinkerton Retirement Specialists LLC acquired a new stake in Dow Chemical during the second quarter worth $115,000. 67.32% of the stock is owned by hedge funds and other institutional investors.
Shares of Dow Chemical Co. (NYSE:DOW) traded up 0.20% during mid-day trading on Friday, hitting $54.18. The stock had a trading volume of 2,494,390 shares. Dow Chemical Co. has a 12 month low of $40.26 and a 12 month high of $57.10. The stock has a market cap of $60.76 billion, a P/E ratio of 8.44 and a beta of 1.20. The firm has a 50 day moving average price of $53.61 and a 200-day moving average price of $52.70.
Dow Chemical (NYSE:DOW) last issued its earnings results on Thursday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.12. The firm had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.01 billion. Dow Chemical had a return on equity of 17.81% and a net margin of 16.91%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. On average, equities research analysts forecast that Dow Chemical Co. will post $3.65 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, September 30th were paid a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.84 annualized dividend and a dividend yield of 3.40%. Dow Chemical’s payout ratio is presently 29.07%.
DOW has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Dow Chemical from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, October 5th. Vetr upgraded Dow Chemical from a “sell” rating to a “hold” rating and set a $51.12 price target on the stock in a research note on Monday, August 15th. Citigroup Inc. upgraded Dow Chemical from a “neutral” rating to a “buy” rating and increased their price target for the company from $55.00 to $59.00 in a research note on Monday, October 3rd. RBC Capital Markets set a $65.00 price objective on Dow Chemical and gave the stock a “buy” rating in a research report on Tuesday, September 20th. Finally, Nomura increased their price objective on Dow Chemical from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $61.21.
Dow Chemical Company Profile