Dow Chemical Company (The) (NYSE:DOW) Shares Sold by Hanlon Investment Management Inc.

Hanlon Investment Management Inc. lowered its position in shares of Dow Chemical Company (The) (NYSE:DOW) by 9.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 46,615 shares of the basic materials company’s stock after selling 4,673 shares during the period. Dow Chemical Company (The) accounts for about 0.4% of Hanlon Investment Management Inc.’s portfolio, making the stock its 23rd largest position. Hanlon Investment Management Inc.’s holdings in Dow Chemical Company (The) were worth $2,962,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its position in Dow Chemical Company (The) by 112.4% in the fourth quarter. Macquarie Group Ltd. now owns 341,482 shares of the basic materials company’s stock valued at $19,540,000 after buying an additional 180,697 shares during the period. Park National Corp OH raised its position in Dow Chemical Company (The) by 0.9% in the first quarter. Park National Corp OH now owns 52,941 shares of the basic materials company’s stock valued at $3,364,000 after buying an additional 489 shares during the period. First Financial Bank N.A. Trust Division raised its position in Dow Chemical Company (The) by 28.9% in the first quarter. First Financial Bank N.A. Trust Division now owns 5,104 shares of the basic materials company’s stock valued at $324,000 after buying an additional 1,144 shares during the period. Foundry Partners LLC raised its position in Dow Chemical Company (The) by 18.5% in the first quarter. Foundry Partners LLC now owns 265,650 shares of the basic materials company’s stock valued at $16,879,000 after buying an additional 41,525 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its position in 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 valued at $714,000 after buying an additional 1,540 shares during the period. 68.79% of the stock is owned by hedge funds and other institutional investors.

Dow Chemical Company (NYSE:DOW) opened at 63.26 on Friday. The stock has a 50 day moving average price of $64.62 and a 200-day moving average price of $63.06. Dow Chemical Company has a 1-year low of $51.57 and a 1-year high of $67.50. The company has a market capitalization of $77.40 billion, a price-to-earnings ratio of 27.09 and a beta of 1.13.

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 (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. During the same period last year, the business posted $0.95 EPS. Dow Chemical Company (The)’s revenue was up 15.7% on a year-over-year basis. Equities analysts predict that Dow Chemical Company will post $4.08 earnings per share 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 annualized dividend and a yield of 2.91%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is currently 76.99%.

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Several research firms have weighed in on DOW. BidaskClub upgraded Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and set a $76.00 target price on shares of Dow Chemical Company (The) in a report on Friday, April 28th. Cowen and Company raised their target price on Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, May 31st. Zacks Investment Research lowered Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Barclays PLC raised their target price on Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Dow Chemical Company (The) presently has an average 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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