Dow Chemical Company (The) (NYSE:DOW) Position Decreased by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA cut its position in Dow Chemical Company (The) (NYSE:DOW) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,425 shares of the basic materials company’s stock after selling 1,006 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Dow Chemical Company (The) were worth $468,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DOW. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in shares of Dow Chemical Company (The) by 11.0% in the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 10,308 shares of the basic materials company’s stock valued at $650,000 after buying an additional 1,024 shares during the period. Nisa Investment Advisors LLC increased its stake in Dow Chemical Company (The) by 7.0% in the second quarter. Nisa Investment Advisors LLC now owns 426,386 shares of the basic materials company’s stock valued at $26,822,000 after buying an additional 28,075 shares in the last quarter. LS Investment Advisors LLC increased its stake in Dow Chemical Company (The) by 40.4% in the second quarter. LS Investment Advisors LLC now owns 60,882 shares of the basic materials company’s stock valued at $3,840,000 after buying an additional 17,531 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its stake in Dow Chemical Company (The) by 0.5% in the second quarter. Riggs Asset Managment Co. Inc. now owns 73,820 shares of the basic materials company’s stock valued at $4,656,000 after buying an additional 340 shares in the last quarter. Finally, United Bank Inc. increased its stake in Dow Chemical Company (The) by 0.9% in the second quarter. United Bank Inc. now owns 81,117 shares of the basic materials company’s stock valued at $5,116,000 after buying an additional 687 shares in the last quarter. 68.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dow Chemical Company (DOW) traded up 0.35% during trading on Friday, hitting $63.40. The stock had a trading volume of 5,432,018 shares. Dow Chemical Company has a 12 month low of $51.57 and a 12 month high of $67.50. The company has a market cap of $77.57 billion, a PE ratio of 27.15 and a beta of 1.13. The stock 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 earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping 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 company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. During the same period in the prior year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts forecast that Dow Chemical Company will post $4.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 annualized dividend and a yield of 2.90%. Dow Chemical Company (The)’s payout ratio is currently 76.99%.

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A number of brokerages have issued reports on DOW. BidaskClub upgraded Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price target on shares of Dow Chemical Company (The) in a research report on Friday, April 28th. Cowen and Company increased their price objective on Dow Chemical Company (The) from $47.00 to $60.00 and gave the stock a “market perform” rating in a report on Wednesday, May 31st. Zacks Investment Research cut Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Barclays PLC increased their price objective on Dow Chemical Company (The) from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus 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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