Conning Inc. Grows Position in Dow Chemical Co (DOW)

Conning Inc. lifted its position in shares of Dow Chemical Co (NYSE:DOW) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 546,483 shares of the basic materials company’s stock after purchasing an additional 2,417 shares during the quarter. Dow Chemical comprises 1.3% of Conning Inc.’s investment portfolio, making the stock its 23rd biggest holding. Conning Inc.’s holdings in Dow Chemical were worth $34,467,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Dow Chemical by 21.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 581,961 shares of the basic materials company’s stock worth $36,704,000 after acquiring an additional 101,562 shares in the last quarter. Tirschwell & Loewy Inc. boosted its holdings in Dow Chemical by 0.3% in the second quarter. Tirschwell & Loewy Inc. now owns 38,300 shares of the basic materials company’s stock worth $2,416,000 after acquiring an additional 100 shares in the last quarter. Rational Advisors LLC boosted its holdings in Dow Chemical by 206.4% in the second quarter. Rational Advisors LLC now owns 15,598 shares of the basic materials company’s stock worth $984,000 after acquiring an additional 10,507 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its holdings in Dow Chemical by 184.2% in the second quarter. Pinnacle Financial Partners Inc. now owns 11,035 shares of the basic materials company’s stock worth $695,000 after acquiring an additional 7,152 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Dow Chemical by 20.6% in the second quarter. Advisors Asset Management Inc. now owns 195,468 shares of the basic materials company’s stock worth $12,328,000 after acquiring an additional 33,379 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

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Several equities research analysts have commented on the company. BidaskClub downgraded Dow Chemical from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Alembic Global Advisors set a $85.00 target price on Dow Chemical and gave the stock a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 target price on shares of Dow Chemical in a report on Thursday, July 6th. Zacks Investment Research downgraded Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Cowen and Company reissued a “hold” rating and issued a $60.00 target price on shares of Dow Chemical in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Dow Chemical presently has a consensus rating of “Buy” and an average target price of $72.02.

Dow Chemical Co (NYSE DOW) opened at 66.65 on Thursday. Dow Chemical Co has a 1-year low of $51.57 and a 1-year high of $67.50. The stock has a market cap of $81.54 billion, a PE ratio of 28.54 and a beta of 1.13. The stock has a 50 day moving average price of $64.79 and a 200 day moving average price of $63.46.

Dow Chemical (NYSE:DOW) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. On average, analysts predict that Dow Chemical Co will post $4.11 EPS for the current fiscal year.

About Dow Chemical

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

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