State Farm Mutual Automobile Insurance Co. Maintains Position in Dow Chemical Co (DOW)

State Farm Mutual Automobile Insurance Co. maintained its position in shares of Dow Chemical Co (NYSE:DOW) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,640,000 shares of the basic materials company’s stock at the end of the 1st quarter. State Farm Mutual Automobile Insurance Co. owned 0.47% of Dow Chemical worth $358,367,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Financial Corp IN lifted its stake in shares of Dow Chemical by 79.8% during the 1st quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 750 shares during the last quarter. Ruggie Capital Group lifted its stake in shares of Dow Chemical by 262.7% during the 1st quarter. Ruggie Capital Group now owns 2,637 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 1,910 shares during the last quarter. Chelsea Counsel Co. bought a new stake in shares of Dow Chemical during the 1st quarter worth approximately $200,000. Lyell Wealth Management LP bought a new stake in shares of Dow Chemical during the 1st quarter worth approximately $200,000. Finally, Van Cleef Asset Management Inc bought a new stake in shares of Dow Chemical during the 1st quarter worth approximately $201,000. 67.77% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on DOW shares. UBS AG reissued a “buy” rating and set a $72.00 price target on shares of Dow Chemical in a research note on Monday, May 15th. Cowen and Company raised their price objective on Dow Chemical from $47.00 to $60.00 and gave the stock a “market perform” rating in a report on Wednesday, May 31st. BidaskClub upgraded Dow Chemical from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Zacks Investment Research downgraded Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $76.00 price objective on shares of Dow Chemical in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $71.62.

Shares of Dow Chemical Co (NYSE DOW) opened at 66.65 on Friday. The firm 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 Co has a 52-week low of $51.57 and a 52-week high of $67.50.

Dow Chemical (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 Thomson Reuters’ consensus estimate of $1.01 by $0.07. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $13.60 billion. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The company’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 EPS. On average, equities analysts anticipate that Dow Chemical Co will post $4.11 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors 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 dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical’s dividend payout ratio is presently 76.99%.

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Dow Chemical Company Profile

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




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