Botty Investors LLC decreased its holdings in Dow Chemical Co (NYSE:DOW) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,815 shares of the basic materials company’s stock after selling 140 shares during the quarter. Botty Investors LLC’s holdings in Dow Chemical were worth $242,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Dow Chemical by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock valued at $5,158,905,000 after buying an additional 5,722,128 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Dow Chemical by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 16,540,923 shares of the basic materials company’s stock worth $1,051,010,000 after purchasing an additional 130,524 shares during the period. FMR LLC grew its holdings in shares of Dow Chemical by 11.8% during the 1st quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock worth $985,078,000 after purchasing an additional 1,638,866 shares during the period. Glenview Capital Management LLC grew its holdings in shares of Dow Chemical by 34.8% during the 1st quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock worth $753,847,000 after purchasing an additional 3,066,049 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Dow Chemical by 26.8% during the 1st quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock worth $674,160,000 after purchasing an additional 2,237,295 shares during the period. Institutional investors own 67.77% of the company’s stock.
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Dow Chemical (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 EPS.
DOW has been the subject of a number of research reports. 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 reiterated a “buy” rating and set a $76.00 target price on shares of Dow Chemical in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. Cowen and Company reiterated a “hold” rating and set a $60.00 target price on shares of Dow Chemical in a report on Monday, August 28th. Finally, BidaskClub upgraded Dow Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $72.02.
Dow Chemical Profile
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