InterOcean Capital LLC Has $7.77 Million Stake in Dow Chemical Company (The) (NYSE:DOW)

InterOcean Capital LLC increased its stake in Dow Chemical Company (The) (NYSE:DOW) by 18.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 122,270 shares of the basic materials company’s stock after buying an additional 19,283 shares during the period. Dow Chemical Company (The) accounts for about 1.4% of InterOcean Capital LLC’s holdings, making the stock its 25th largest position. InterOcean Capital LLC’s holdings in Dow Chemical Company (The) were worth $7,769,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Dow Chemical Company (The) by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 16,540,923 shares of the basic materials company’s stock worth $1,051,010,000 after buying an additional 130,524 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of 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 in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Dow Chemical Company (The) by 3.8% in the first quarter. UBS Asset Management Americas Inc. now owns 4,231,431 shares of the basic materials company’s stock worth $268,865,000 after buying an additional 154,721 shares in the last quarter. Swiss National Bank boosted its position in shares of 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 in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Dow Chemical Company (The) by 1.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,252,619 shares of the basic materials company’s stock worth $206,671,000 after buying an additional 51,536 shares in the last quarter. 68.36% of the stock is currently owned by institutional investors and hedge funds.

Dow Chemical Company (NYSE DOW) opened at 63.40 on Friday. The stock’s 50 day moving average is $64.66 and its 200-day moving average is $63.17. The firm has a market capitalization of $77.57 billion, a price-to-earnings 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.

Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $13.60 billion. During the same period last year, the company posted $0.95 EPS. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. Equities analysts anticipate that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

The firm also recently announced 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. The ex-dividend date is Thursday, July 27th. This represents a $1.84 annualized dividend and a yield of 2.90%. Dow Chemical Company (The)’s dividend payout ratio is presently 76.99%.

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Several equities research analysts have commented on the stock. 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. Citigroup Inc. raised their price target on shares of 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. Barclays PLC raised their price target on shares of Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price target on shares of Dow Chemical Company (The) in a research report on Friday, April 28th. Finally, BidaskClub lowered shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $71.42.

About Dow Chemical Company (The)

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

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