Donaldson Capital Management LLC Takes Position in Dow Chemical Company (The) (NYSE:DOW)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DOW. CENTRAL TRUST Co raised its position in Dow Chemical Company (The) by 19.2% in the first quarter. CENTRAL TRUST Co now owns 71,366 shares of the basic materials company’s stock valued at $4,534,000 after buying an additional 11,477 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Dow Chemical Company (The) by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,348,225 shares of the basic materials company’s stock worth $85,666,000 after buying an additional 24,460 shares during the period. HT Partners LLC acquired a new stake in shares of Dow Chemical Company (The) during the first quarter worth $202,000. Deane Retirement Strategies Inc. raised its stake in shares of Dow Chemical Company (The) by 5.4% in the first quarter. Deane Retirement Strategies Inc. now owns 45,887 shares of the basic materials company’s stock worth $2,918,000 after buying an additional 2,353 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its stake in shares of Dow Chemical Company (The) by 15.9% in the first quarter. Franklin Street Advisors Inc. NC now owns 11,236 shares of the basic materials company’s stock worth $714,000 after buying an additional 1,540 shares during the period. Hedge funds and other institutional investors own 68.36% of the company’s stock.

Dow Chemical Company (NYSE:DOW) traded up 0.35% on Friday, hitting $63.40. The company’s stock had a trading volume of 5,432,018 shares. The stock has a market cap of $77.57 billion, a PE ratio of 27.15 and a beta of 1.13. Dow Chemical Company has a 12 month low of $51.57 and a 12 month high of $67.50. The firm has a 50 day moving average of $64.66 and a 200-day moving average of $63.17.

Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate 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 revenue was up 15.7% on a year-over-year basis. During the same period last year, the business posted $0.95 earnings per share. On average, analysts expect that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

The firm 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 dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s payout ratio is 76.99%.

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A number of analysts have recently weighed in on DOW shares. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 target price on shares of Dow Chemical Company (The) in a research note on Thursday, July 6th. UBS AG restated a “buy” rating and issued a $72.00 target price on shares of Dow Chemical Company (The) in a research note on Monday, May 15th. Credit Suisse Group set a $66.00 target price on Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Sunday, April 30th. Citigroup Inc. raised their target price on Dow Chemical Company (The) from $73.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Finally, Alembic Global Advisors set a $85.00 price objective on Dow Chemical Company (The) and gave the stock a “buy” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus 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)

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