Trade Report: Today, TD Asset Management Inc. Reached $53,352,000 position of Dow Chemical Co. (DOW)

Today, TD Asset Management Inc. Reached $53,352,000 position  of Dow Chemical Co. (DOW)

TD Asset Management Inc. increased its stake in shares of Dow Chemical Co. (NYSE:DOW) by 5.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,029,373 shares of the company’s stock after buying an additional 56,547 shares during the period. TD Asset Management Inc. owned 0.09% of Dow Chemical worth $53,352,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Dow Chemical by 0.9% in the second quarter. Vanguard Group Inc. now owns 72,495,760 shares of the company’s stock valued at $3,603,764,000 after buying an additional 655,229 shares during the last quarter. FMR LLC raised its stake in Dow Chemical by 48.8% in the second quarter. FMR LLC now owns 21,277,852 shares of the company’s stock valued at $1,057,723,000 after buying an additional 6,974,423 shares during the last quarter. BlackRock Fund Advisors raised its stake in Dow Chemical by 6.5% in the second quarter. BlackRock Fund Advisors now owns 13,711,963 shares of the company’s stock valued at $681,622,000 after buying an additional 835,249 shares during the last quarter. Boston Partners raised its stake in Dow Chemical by 32.1% in the second quarter. Boston Partners now owns 10,172,823 shares of the company’s stock valued at $505,691,000 after buying an additional 2,471,255 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Dow Chemical by 29.1% in the second quarter. Ameriprise Financial Inc. now owns 9,277,639 shares of the company’s stock valued at $461,217,000 after buying an additional 2,091,840 shares during the last quarter. 67.32% of the stock is owned by institutional investors and hedge funds.

Shares of Dow Chemical Co. (NYSE:DOW) traded up 0.20% 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 50 day moving average of $53.61 and a 200 day moving average of $52.70. The firm has a market cap of $60.76 billion, a price-to-earnings ratio of 8.44 and a beta of 1.20.

Dow Chemical (NYSE:DOW) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. Dow Chemical had a return on equity of 17.81% and a net margin of 16.91%. The firm had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.01 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts predict that Dow Chemical Co. will post $3.65 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, September 30th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Wednesday, September 28th. Dow Chemical’s dividend payout ratio is presently 29.07%.

Several equities research analysts have recently issued reports on DOW shares. Vetr raised Dow Chemical from a “hold” rating to a “buy” rating and set a $57.48 price objective for the company in a research note on Monday, September 5th. Nomura raised their price target on Dow Chemical from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Citigroup Inc. raised Dow Chemical from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $59.00 in a research note on Monday, October 3rd. Zacks Investment Research raised Dow Chemical from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Wednesday, October 5th. Finally, Royal Bank Of Canada raised their price target on Dow Chemical from $65.00 to $68.00 and gave the stock a “top pick” rating in a research note on Friday, October 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.21.

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