Trade Report: The Oregon Public Employees Retirement Fund decides to keep it stake in Dow Chemical Co. (DOW) to the level of $6,006,000

The Oregon Public Employees Retirement Fund decides to keep it stake in Dow Chemical Co. (DOW) to the level of $6,006,000

Oregon Public Employees Retirement Fund cut its stake in shares of Dow Chemical Co. (NYSE:DOW) by 48.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,877 shares of the company’s stock after selling 107,358 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Dow Chemical were worth $6,006,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DOW. Gradient Investments LLC increased its stake in Dow Chemical by 6.5% in the third quarter. Gradient Investments LLC now owns 108,163 shares of the company’s stock valued at $5,606,000 after buying an additional 6,569 shares during the last quarter. Salem Capital Management Inc. increased its position in Dow Chemical by 1.4% in the third quarter. Salem Capital Management Inc. now owns 113,600 shares of the company’s stock worth $5,888,000 after buying an additional 1,525 shares in the last quarter. Canal Capital Management LLC increased its position in Dow Chemical by 3.3% in the third quarter. Canal Capital Management LLC now owns 22,005 shares of the company’s stock worth $1,141,000 after buying an additional 698 shares in the last quarter. Searle & CO. increased its position in Dow Chemical by 321.2% in the third quarter. Searle & CO. now owns 23,270 shares of the company’s stock worth $1,207,000 after buying an additional 17,745 shares in the last quarter. Finally, Stokes & Hubbell Capital Management LLC increased its position in Dow Chemical by 0.4% in the third quarter. Stokes & Hubbell Capital Management LLC now owns 5,990 shares of the company’s stock worth $310,000 after buying an additional 25 shares in the last quarter. Institutional investors own 67.32% of the company’s stock.

Shares of Dow Chemical Co. (NYSE:DOW) traded up 0.20% during midday trading on Friday, reaching $54.18. 2,494,390 shares of the company traded hands. Dow Chemical Co. has a 12 month low of $40.26 and a 12 month high of $57.10. The stock has a market capitalization of $60.76 billion, a price-to-earnings ratio of 8.44 and a beta of 1.20. The company’s 50 day moving average is $53.66 and its 200-day moving average is $52.73.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, September 30th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.84 annualized dividend and a yield of 3.40%. Dow Chemical’s dividend payout ratio (DPR) is currently 29.07%.

A number of research firms recently issued reports on DOW. RBC Capital Markets restated a “top pick” rating and set a $68.00 target price (up from $65.00) on shares of Dow Chemical in a research report on Friday, October 28th. Vetr upgraded shares of Dow Chemical from a “sell” rating to a “hold” rating and set a $51.12 target price for the company in a research report on Monday, August 15th. Zacks Investment Research downgraded shares of Dow Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Citigroup Inc. raised shares of Dow Chemical from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $59.00 in a report on Monday, October 3rd. Finally, Royal Bank Of Canada lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Dow Chemical currently has an average rating of “Buy” and a consensus price target of $61.21.

Dow Chemical Company Profile

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