Today: The Dow Chemical Co. (DOW) Position Maintained by Cooke & Bieler LP

The Dow Chemical Co. (DOW) Position Maintained by Cooke & Bieler LP

Cooke & Bieler LP continued to hold its stake in shares of Dow Chemical Co. (NYSE:DOW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,000 shares of the company’s stock at the end of the second quarter. Cooke & Bieler LP’s holdings in Dow Chemical were worth $895,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DOW. Stokes & Hubbell Capital Management LLC boosted its stake in shares of Dow Chemical by 0.3% in the second quarter. Stokes & Hubbell Capital Management LLC now owns 5,965 shares of the company’s stock worth $297,000 after buying an additional 16 shares during the period. Capital Management Corp VA raised its stake in shares of Dow Chemical by 0.4% in the second quarter. Capital Management Corp VA now owns 4,433 shares of the company’s stock worth $220,000 after buying an additional 16 shares in the last quarter. Gemmer Asset Management LLC raised its stake in shares of Dow Chemical by 0.3% in the second quarter. Gemmer Asset Management LLC now owns 6,248 shares of the company’s stock worth $311,000 after buying an additional 19 shares in the last quarter. Trust Co. of Virginia VA raised its stake in shares of Dow Chemical by 0.3% in the second quarter. Trust Co. of Virginia VA now owns 9,529 shares of the company’s stock worth $473,000 after buying an additional 25 shares in the last quarter. Finally, Stillwater Investment Management LLC raised its stake in shares of Dow Chemical by 0.9% in the second quarter. Stillwater Investment Management LLC now owns 5,275 shares of the company’s stock worth $262,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 67.52% of the company’s stock.

Shares of Dow Chemical Co. (NYSE:DOW) traded up 1.13% during mid-day trading on Friday, reaching $53.51. 3,252,101 shares of the company’s stock traded hands. The company has a market cap of $60.30 billion, a price-to-earnings ratio of 7.82 and a beta of 1.40. Dow Chemical Co. has a 12 month low of $40.26 and a 12 month high of $57.10. The company has a 50 day moving average of $53.04 and a 200 day moving average of $52.31.

Dow Chemical (NYSE:DOW) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. Dow Chemical had a return on equity of 18.86% and a net margin of 18.31%. The company earned $12 billion during the quarter, compared to the consensus estimate of $11.24 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. Analysts expect that Dow Chemical Co. will post $3.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Wednesday, September 28th. Dow Chemical’s dividend payout ratio is currently 27.10%.

DOW has been the topic of a number of research analyst reports. Credit Agricole SA lowered shares of Dow Chemical from an “outperform” rating to an “underperform” rating in a report on Wednesday, July 6th. Vetr lowered shares of Dow Chemical from a “buy” rating to a “sell” rating and set a $46.12 price objective on the stock. in a report on Monday, July 4th. Zacks Investment Research raised shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Wednesday, October 5th. Nomura reissued a “buy” rating on shares of Dow Chemical in a report on Tuesday, July 12th. Finally, Citigroup Inc. raised shares of Dow Chemical from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $59.00 in a research note on Monday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $60.10.

Dow Chemical Company Profile

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