Dow Chemical Company (The) (DOW) Stake Held by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. maintained its position in Dow Chemical Company (The) (NYSE:DOW) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,150 shares of the basic materials company’s stock at the end of the first quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Dow Chemical Company (The) were worth $581,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in 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 valued at $1,051,010,000 after buying an additional 130,524 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in 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 valued at $674,160,000 after buying an additional 2,237,295 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in 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 valued at $268,865,000 after buying an additional 154,721 shares during 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, Teachers Advisors LLC boosted its position in shares of Dow Chemical Company (The) by 13.9% in the fourth quarter. Teachers Advisors LLC now owns 3,347,850 shares of the basic materials company’s stock worth $191,564,000 after buying an additional 409,190 shares in the last quarter. Institutional investors own 68.36% of the company’s stock.

Shares of Dow Chemical Company (NYSE:DOW) traded up 0.35% on Friday, reaching $63.40. 5,432,018 shares of the company traded hands. The stock’s 50 day moving average price is $64.66 and its 200-day moving average price is $63.17. The stock has a market capitalization of $77.57 billion, a P/E ratio of 27.15 and a beta of 1.13. Dow Chemical Company has a one year low of $51.57 and a one year high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last posted its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.07. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. Equities analysts forecast 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. Stockholders of record on Monday, July 31st will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.90%. Dow Chemical Company (The)’s payout ratio is 76.99%.

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A number of brokerages have commented on DOW. BidaskClub upgraded shares of 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 objective on shares of Dow Chemical Company (The) in a report on Friday, April 28th. Cowen and Company raised their price objective on shares of 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 lowered shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Barclays PLC raised their price objective 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company 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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