Donaldson Capital Management LLC Invests $239,000 in Dow Chemical Company (The) (NYSE:DOW)

Donaldson Capital Management LLC bought a new position in shares of Dow Chemical Company (The) (NYSE:DOW) during the first quarter, according to its most recent disclosure with the SEC. The fund bought 3,758 shares of the basic materials company’s stock, valued at approximately $239,000.

Other large investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in Dow Chemical Company (The) by 26.8% in the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock worth $674,160,000 after buying an additional 2,237,295 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Dow Chemical Company (The) by 62.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,452,826 shares of the basic materials company’s stock worth $155,853,000 after buying an additional 947,543 shares during the last quarter. Swiss National Bank raised its stake in Dow Chemical Company (The) by 26.6% in the first quarter. Swiss National Bank now owns 3,973,482 shares of the basic materials company’s stock worth $252,475,000 after buying an additional 835,000 shares during the last quarter. State of Tennessee Treasury Department raised its stake in Dow Chemical Company (The) by 56.1% in the first quarter. State of Tennessee Treasury Department now owns 1,394,682 shares of the basic materials company’s stock worth $88,618,000 after buying an additional 501,371 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Dow Chemical Company (The) during the first quarter worth about $30,130,000. 68.79% of the stock is currently owned by hedge funds and other institutional investors.

Dow Chemical Company (NYSE DOW) traded up 0.24% during trading on Friday, reaching $63.26. 4,990,267 shares of the company’s stock were exchanged. The company has a market capitalization of $77.40 billion, a PE ratio of 27.09 and a beta of 1.13. The company’s 50-day moving average is $64.62 and its 200-day moving average is $63.06. Dow Chemical Company has a 1-year low of $51.57 and a 1-year high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last issued its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.07. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. During the same period in the previous year, the business earned $0.95 EPS. The firm’s revenue was up 15.7% on a year-over-year basis. Equities research analysts expect that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be given a $0.46 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.91%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is presently 76.99%.

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DOW has been the subject of several analyst reports. Citigroup Inc. reiterated a “hold” rating and issued a $35.00 price target (down from $69.00) on shares of Dow Chemical Company (The) in a report on Friday, April 14th. BidaskClub upgraded Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, April 18th. Barclays PLC boosted their price target on Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. Finally, Erste Group started coverage on shares of Dow Chemical Company (The) in a research report on Tuesday, April 25th. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Dow Chemical Company (The) has a consensus rating of “Buy” and an average price target of $71.42.

About Dow Chemical Company (The)

Institutional Ownership by Quarter for Dow Chemical Company (The) (NYSE:DOW)

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