CrestPoint Capital Management LLC Purchases 200 Shares of Dow Chemical Company (The) (DOW)

CrestPoint Capital Management LLC boosted its stake in Dow Chemical Company (The) (NYSE:DOW) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,800 shares of the basic materials company’s stock after buying an additional 200 shares during the period. Dow Chemical Company (The) accounts for about 1.0% of CrestPoint Capital Management LLC’s portfolio, making the stock its 17th largest position. CrestPoint Capital Management LLC’s holdings in Dow Chemical Company (The) were worth $2,132,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund raised its position in shares of Dow Chemical Company (The) by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 197,132 shares of the basic materials company’s stock worth $12,433,000 after buying an additional 800 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of Dow Chemical Company (The) by 13.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 4,868 shares of the basic materials company’s stock worth $307,000 after buying an additional 570 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Dow Chemical Company (The) by 0.6% in the second quarter. CENTRAL TRUST Co now owns 71,805 shares of the basic materials company’s stock worth $4,529,000 after buying an additional 439 shares during the last quarter. Portfolio Solutions LLC bought a new position in shares of Dow Chemical Company (The) during the second quarter worth $580,000. Finally, James Investment Research Inc. raised its position in shares of Dow Chemical Company (The) by 21.3% in the second quarter. James Investment Research Inc. now owns 228,062 shares of the basic materials company’s stock worth $14,384,000 after buying an additional 40,030 shares during the last quarter. 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. Dow Chemical Company has a 12 month low of $51.57 and a 12 month high of $67.50. The firm has a market cap of $77.40 billion, a price-to-earnings ratio of 27.09 and a beta of 1.13. The firm’s 50-day moving average price is $64.63 and its 200-day moving average price is $63.02.

Dow Chemical Company (The) (NYSE:DOW) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. Dow Chemical Company (The)’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 EPS. On average, equities research analysts anticipate that Dow Chemical Company will post $4.08 EPS for the current year.

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

COPYRIGHT VIOLATION NOTICE: “CrestPoint Capital Management LLC Purchases 200 Shares of Dow Chemical Company (The) (DOW)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.com-unik.info/2017/08/11/dow-chemical-company-the-dow-shares-bought-by-crestpoint-capital-management-llc-updated-updated-updated.html.

A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Dow Chemical Company (The) from a “sell” rating to a “strong sell” rating in a research note on Thursday. Alembic Global Advisors set a $85.00 price target on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Thursday, July 27th. Cowen and Company reaffirmed a “hold” rating and issued a $60.00 price target on shares of Dow Chemical Company (The) in a research note on Friday, July 14th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 price target on shares of Dow Chemical Company (The) in a research note on Thursday, July 6th. Finally, Zacks Investment Research downgraded shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Dow Chemical Company (The) has an average rating of “Buy” and a consensus target price of $71.42.

Dow Chemical Company (The) Company Profile

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

What are top analysts saying about Dow Chemical Company (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dow Chemical Company (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit