Today: Today: Carroll Financial Associates Inc. decreases its position in Dow Chemical Co. (DOW)

Today: Carroll Financial Associates Inc. decreases its position in Dow Chemical Co. (DOW)

Carroll Financial Associates Inc. lowered its position in Dow Chemical Co. (NYSE:DOW) by 1.1% during the third quarter, Holdings Channel reports. The fund owned 127,982 shares of the company’s stock after selling 1,474 shares during the period. Dow Chemical accounts for about 1.0% of Carroll Financial Associates Inc.’s portfolio, making the stock its 20th largest position. Carroll Financial Associates Inc.’s holdings in Dow Chemical were worth $6,633,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DOW. FMR LLC increased its stake in shares of Dow Chemical by 48.8% in the second quarter. FMR LLC now owns 21,277,852 shares of the company’s stock worth $1,057,723,000 after buying an additional 6,974,423 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Dow Chemical during the second quarter worth approximately $123,434,000. Boston Partners increased its stake in shares of Dow Chemical by 32.1% in the second quarter. Boston Partners now owns 10,172,823 shares of the company’s stock worth $505,691,000 after buying an additional 2,471,255 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Dow Chemical by 29.1% in the second quarter. Ameriprise Financial Inc. now owns 9,277,639 shares of the company’s stock worth $461,217,000 after buying an additional 2,091,840 shares during the period. Finally, Bank of Montreal Can purchased a new stake in shares of Dow Chemical during the second quarter worth approximately $95,854,000. Institutional investors own 67.89% of the company’s stock.

Dow Chemical Co. (NYSE:DOW) traded up 0.26% during mid-day trading on Monday, reaching $54.32. 6,634,249 shares of the company traded hands. The company has a market capitalization of $60.91 billion, a P/E ratio of 8.46 and a beta of 1.20. The stock has a 50 day moving average price of $53.66 and a 200-day moving average price of $52.73. Dow Chemical Co. has a 52-week low of $40.26 and a 52-week high of $57.10.

Dow Chemical (NYSE:DOW) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.79 by $0.12. Dow Chemical had a return on equity of 17.81% and a net margin of 16.91%. The company had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.01 billion. During the same quarter last year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts expect that Dow Chemical Co. will post $3.65 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. RBC Capital Markets reiterated a “top pick” rating and set a $68.00 price target (up from $65.00) on shares of Dow Chemical in a report on Friday, October 28th. Royal Bank Of Canada boosted their target price on shares of Dow Chemical from $65.00 to $68.00 and gave the company a “top pick” rating in a report on Friday, October 28th. Vetr upgraded shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $57.48 target price for the company in a report on Monday, September 5th. Zacks Investment Research downgraded shares of Dow Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Finally, Citigroup Inc. upgraded shares of Dow Chemical from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $59.00 in a report on Monday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Dow Chemical has a consensus rating of “Buy” and a consensus price target of $61.21.

Dow Chemical Company Profile

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