Dow Chemical Company (The) (NYSE:DOW) Position Reduced by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Dow Chemical Company (The) (NYSE:DOW) by 7.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,802 shares of the basic materials company’s stock after selling 6,481 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Dow Chemical Company (The) were worth $5,261,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Commerce Bank raised its stake in Dow Chemical Company (The) by 2.0% in the first quarter. Commerce Bank now owns 402,063 shares of the basic materials company’s stock worth $25,547,000 after buying an additional 7,692 shares during the period. First Personal Financial Services raised its stake in Dow Chemical Company (The) by 47.2% in the first quarter. First Personal Financial Services now owns 5,016 shares of the basic materials company’s stock worth $319,000 after buying an additional 1,608 shares during the period. Wade G W & Inc. raised its stake in Dow Chemical Company (The) by 75.9% in the first quarter. Wade G W & Inc. now owns 166,131 shares of the basic materials company’s stock worth $10,556,000 after buying an additional 71,710 shares during the period. YorkBridge Wealth Partners LLC raised its stake in Dow Chemical Company (The) by 125.2% in the first quarter. YorkBridge Wealth Partners LLC now owns 14,976 shares of the basic materials company’s stock worth $936,000 after buying an additional 8,326 shares during the period. Finally, First Dallas Securities Inc. raised its stake in Dow Chemical Company (The) by 0.9% in the first quarter. First Dallas Securities Inc. now owns 23,300 shares of the basic materials company’s stock worth $1,481,000 after buying an additional 215 shares during the period. 69.55% of the stock is owned by institutional investors and hedge funds.

Shares of Dow Chemical Company (NYSE DOW) opened at 63.89 on Monday. The company has a 50-day moving average price of $62.86 and a 200-day moving average price of $61.64. The stock has a market cap of $78.05 billion, a price-to-earnings ratio of 15.74 and a beta of 1.13. Dow Chemical Company has a 52 week low of $48.08 and a 52 week high of $65.47.

Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings data on Thursday, April 27th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.05. Dow Chemical Company (The) had a return on equity of 16.65% and a net margin of 9.77%. The company had revenue of $13.23 billion during the quarter, compared to analysts’ expectations of $12.46 billion. During the same quarter in the previous year, the business earned $0.89 EPS. Dow Chemical Company (The)’s revenue was up 23.6% compared to the same quarter last year. Equities analysts anticipate that Dow Chemical Company will post $4.04 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, June 30th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, June 28th. Dow Chemical Company (The)’s payout ratio is currently 46.82%.

TRADEMARK VIOLATION WARNING: “Dow Chemical Company (The) (NYSE:DOW) Position Reduced by Commonwealth of Pennsylvania Public School Empls Retrmt SYS” was first reported by WKRB News and is the sole property of of WKRB News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.wkrb13.com/markets/2284262/dow-chemical-company-the-nysedow-position-reduced-by-commonwealth-of-pennsylvania-public-school-empls-retrmt-sys.html.

A number of analysts have recently weighed in on the company. Credit Suisse Group set a $66.00 price objective on Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Sunday, April 30th. Zacks Investment Research raised Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Tuesday, April 18th. BidaskClub raised Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Royal Bank of Canada reissued a “buy” rating and set a $74.00 price objective on shares of Dow Chemical Company (The) in a research note on Tuesday, March 28th. Finally, Citigroup Inc. reissued a “hold” rating and set a $35.00 price objective (down previously from $69.00) on shares of Dow Chemical Company (The) in a research note on Friday, April 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $69.47.

Dow Chemical Company (The) Company Profile

Want to see what other hedge funds are holding DOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Company (The) (NYSE:DOW).

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

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2284262/dow-chemical-company-the-nysedow-position-reduced-by-commonwealth-of-pennsylvania-public-school-empls-retrmt-sys.html

Receive News & Ratings for Dow Chemical Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.