Dow Chemical Company (The) (NYSE:DOW) Stake Decreased by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC decreased its position in Dow Chemical Company (The) (NYSE:DOW) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 761,594 shares of the basic materials company’s stock after selling 19,844 shares during the period. Dow Chemical Company (The) accounts for 1.7% of Atalanta Sosnoff Capital LLC’s holdings, making the stock its 21st largest position. Atalanta Sosnoff Capital LLC owned about 0.06% of Dow Chemical Company (The) worth $48,033,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. First Command Bank raised its position in Dow Chemical Company (The) by 36.9% in the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock worth $102,000 after buying an additional 436 shares during the period. Pinnacle Bank bought a new position in Dow Chemical Company (The) during the first quarter worth approximately $103,000. West Oak Capital LLC raised its position in Dow Chemical Company (The) by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock worth $107,000 after buying an additional 379 shares during the period. First Financial Corp IN raised its position in Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock worth $107,000 after buying an additional 750 shares during the period. Finally, Cable Hill Partners LLC raised its position in Dow Chemical Company (The) by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock worth $112,000 after buying an additional 124 shares during the period. Hedge funds and other institutional investors own 68.36% of the company’s stock.

Shares of Dow Chemical Company (NYSE DOW) opened at 63.40 on Friday. The company has a market cap 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. The company’s 50-day moving average price is $64.66 and its 200-day moving average price is $63.17.

Dow Chemical Company (The) (NYSE:DOW) last released its 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 business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Analysts anticipate that Dow Chemical Company will post $4.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be paid 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 2.90%. Dow Chemical Company (The)’s dividend payout ratio is presently 76.99%.

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Several brokerages have recently issued reports on DOW. Alembic Global Advisors set a $85.00 price target on Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Thursday, July 27th. BidaskClub upgraded Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company reiterated 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. Zacks Investment Research lowered Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada reiterated 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average 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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