Today The Dow Chemical Company (The) (DOW) Stake Increased by Boys Arnold & Co. Inc.

Today The Dow Chemical Company (The) (DOW) Stake Increased by Boys Arnold & Co. Inc.

Boys Arnold & Co. Inc. raised its position in Dow Chemical Company (The) (NYSE:DOW) by 3.0% during the third quarter, Holdings Channel reports. The fund owned 17,132 shares of the company’s stock after buying an additional 501 shares during the period. Boys Arnold & Co. Inc.’s holdings in Dow Chemical Company (The) were worth $888,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DOW. NEXT Financial Group Inc boosted its stake in Dow Chemical Company (The) by 107.0% in the third quarter. NEXT Financial Group Inc now owns 15,222 shares of the company’s stock worth $789,000 after buying an additional 7,869 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Dow Chemical Company (The) by 11.3% in the third quarter. Stratos Wealth Partners LTD. now owns 36,860 shares of the company’s stock valued at $1,910,000 after buying an additional 3,750 shares during the period. Sit Investment Associates Inc. raised its stake in shares of Dow Chemical Company (The) by 11.3% in the third quarter. Sit Investment Associates Inc. now owns 444,025 shares of the company’s stock valued at $23,014,000 after buying an additional 44,950 shares during the period. LMR Partners LLP purchased a new stake in shares of Dow Chemical Company (The) during the third quarter valued at $516,000. Finally, Wade G W & Inc. raised its stake in shares of Dow Chemical Company (The) by 4.4% in the third quarter. Wade G W & Inc. now owns 94,002 shares of the company’s stock valued at $4,872,000 after buying an additional 3,998 shares during the period. Institutional investors own 68.91% of the company’s stock.

Shares of Dow Chemical Company (NYSE:DOW) opened at 59.64 on Wednesday. Dow Chemical Company has a 52-week low of $40.69 and a 52-week high of $59.77. The company has a 50-day moving average price of $57.91 and a 200-day moving average price of $54.43. The company has a market cap of $66.88 billion, a P/E ratio of 9.29 and a beta of 1.19.

Dow Chemical Company (The) (NYSE:DOW) last posted its earnings results on Thursday, October 27th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. Dow Chemical Company (The) 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 in the prior year, the company earned $0.82 earnings per share. Dow Chemical Company (The)’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that Dow Chemical Company will post $3.64 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Wednesday, December 28th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, December 23rd. Dow Chemical Company (The)’s dividend payout ratio is 29.07%.

Several equities research analysts recently weighed in on DOW shares. Citigroup Inc. raised Dow Chemical Company (The) from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $59.00 in a report on Monday, October 3rd. Zacks Investment Research raised Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Wednesday, October 5th. Vetr raised Dow Chemical Company (The) from a “sell” rating to a “buy” rating and set a $57.93 price objective for the company in a report on Monday, October 24th. Royal Bank Of Canada lifted their price objective on Dow Chemical Company (The) from $65.00 to $68.00 and gave the stock a “top pick” rating in a report on Friday, October 28th. Finally, RBC Capital Markets reissued a “top pick” rating and issued a $68.00 price objective (up previously from $65.00) on shares of Dow Chemical Company (The) in a report on Friday, October 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Dow Chemical Company (The) currently has an average rating of “Buy” and a consensus target price of $61.91.

About Dow Chemical Company (The)

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