State Farm Mutual Automobile Insurance Co. Continues to Hold Stake in Dow Chemical Company (The) (DOW)

State Farm Mutual Automobile Insurance Co. held its position in Dow Chemical Company (The) (NYSE:DOW) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,640,000 shares of the basic materials company’s stock at the end of the first quarter. State Farm Mutual Automobile Insurance Co. owned about 0.47% of Dow Chemical Company (The) worth $358,367,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its position in Dow Chemical Company (The) by 23.1% in the first quarter. Jennison Associates LLC now owns 2,487,443 shares of the basic materials company’s stock valued at $158,052,000 after buying an additional 467,320 shares during the period. Boston Advisors LLC increased its position in Dow Chemical Company (The) by 0.6% in the first quarter. Boston Advisors LLC now owns 137,814 shares of the basic materials company’s stock valued at $8,757,000 after buying an additional 804 shares during the period. Bollard Group LLC increased its position in Dow Chemical Company (The) by 8.8% in the first quarter. Bollard Group LLC now owns 89,528 shares of the basic materials company’s stock valued at $5,689,000 after buying an additional 7,213 shares during the period. Sit Investment Associates Inc. increased its position in Dow Chemical Company (The) by 50.6% in the first quarter. Sit Investment Associates Inc. now owns 664,250 shares of the basic materials company’s stock valued at $42,206,000 after buying an additional 223,135 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Dow Chemical Company (The) by 66.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 196,332 shares of the basic materials company’s stock valued at $12,475,000 after buying an additional 78,651 shares during the period. Institutional investors and hedge funds own 68.36% of the company’s stock.

Dow Chemical Company (NYSE:DOW) traded up 0.30% during midday trading on Friday, reaching $64.54. The company’s stock had a trading volume of 2,676,460 shares. The firm has a market cap of $78.96 billion, a price-to-earnings ratio of 27.64 and a beta of 1.13. Dow Chemical Company has a 1-year low of $51.57 and a 1-year high of $67.50. The company has a 50 day moving average price of $64.75 and a 200 day moving average price of $63.33.

Dow Chemical Company (The) (NYSE:DOW) last released its earnings results 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 analyst estimates 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 was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. On average, equities research analysts expect that Dow Chemical Company will post $4.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio is 76.99%.

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DOW has been the topic of several research reports. Alembic Global Advisors set a $85.00 target price on Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Thursday, July 27th. Barclays PLC lifted their price objective on Dow Chemical Company (The) from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, May 1st. Citigroup Inc. lifted their price objective on Dow Chemical Company (The) from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $76.00 price objective on shares of Dow Chemical Company (The) in a research report on Friday, April 28th. Finally, BidaskClub upgraded Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $71.42.

About Dow Chemical Company (The)

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




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