65,300 Shares in Dow Chemical Company (The) (DOW) Acquired by Ionic Capital Management LLC

Ionic Capital Management LLC acquired a new position in Dow Chemical Company (The) (NYSE:DOW) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 65,300 shares of the basic materials company’s stock, valued at approximately $4,149,000.

A number of other large investors have also modified their holdings of the company. Cypress Capital Management LLC boosted its stake in shares of Dow Chemical Company (The) by 0.3% in the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock worth $255,000 after buying an additional 12 shares in the last quarter. Capital Management Corp VA boosted its stake in shares of Dow Chemical Company (The) by 0.3% in the first quarter. Capital Management Corp VA now owns 4,491 shares of the basic materials company’s stock worth $285,000 after buying an additional 15 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Dow Chemical Company (The) by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,312 shares of the basic materials company’s stock worth $274,000 after buying an additional 15 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Dow Chemical Company (The) by 0.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 5,017 shares of the basic materials company’s stock worth $319,000 after buying an additional 17 shares in the last quarter. Finally, Stokes & Hubbell Capital Management LLC boosted its stake in shares of Dow Chemical Company (The) by 0.4% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 6,037 shares of the basic materials company’s stock worth $384,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 68.79% of the company’s stock.

Dow Chemical Company (NYSE:DOW) traded up 0.24% on Friday, reaching $63.26. 4,990,267 shares of the company traded hands. The stock has a 50-day moving average price of $64.62 and a 200-day moving average price of $63.06. The firm has a market cap of $77.40 billion, a P/E ratio of 27.09 and a beta of 1.13. Dow Chemical Company has a 52-week low of $51.57 and a 52-week high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 EPS. Analysts anticipate that Dow Chemical Company will post $4.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio is currently 76.99%.

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A number of research firms have issued reports on DOW. UBS AG restated a “buy” rating and set a $72.00 price target on shares of Dow Chemical Company (The) in a report on Monday, May 15th. Credit Suisse Group set a $66.00 price target on shares of Dow Chemical Company (The) and gave the company a “buy” rating in a report on Sunday, April 30th. BidaskClub cut shares of Dow Chemical Company (The) from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research upgraded shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, April 18th. Finally, Cowen and Company upped their price target on shares of 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $71.42.

Dow Chemical Company (The) Company Profile

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

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