CENTRAL TRUST Co Acquires 11,477 Shares of Dow Chemical Co (DOW)

CENTRAL TRUST Co increased its position in shares of Dow Chemical Co (NYSE:DOW) by 19.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,366 shares of the basic materials company’s stock after buying an additional 11,477 shares during the period. CENTRAL TRUST Co’s holdings in Dow Chemical were worth $4,534,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. CrestPoint Capital Management LLC raised its stake in Dow Chemical by 15.6% in the third quarter. CrestPoint Capital Management LLC now owns 24,400 shares of the basic materials company’s stock worth $1,265,000 after buying an additional 3,300 shares during the last quarter. Gemmer Asset Management LLC raised its stake in Dow Chemical by 0.3% in the third quarter. Gemmer Asset Management LLC now owns 6,269 shares of the basic materials company’s stock worth $325,000 after buying an additional 21 shares during the last quarter. Eastern Bank raised its position in shares of Dow Chemical by 10.2% in the third quarter. Eastern Bank now owns 180,417 shares of the basic materials company’s stock worth $9,351,000 after buying an additional 16,626 shares in the last quarter. Chesley Taft & Associates LLC raised its position in shares of Dow Chemical by 2.1% in the third quarter. Chesley Taft & Associates LLC now owns 14,680 shares of the basic materials company’s stock worth $761,000 after buying an additional 300 shares in the last quarter. Finally, Putnam FL Investment Management Co. acquired a new position in shares of Dow Chemical during the third quarter worth $2,529,000. 69.38% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Dow Chemical Co (NYSE:DOW) traded down 0.08% during mid-day trading on Friday, hitting $61.89. The stock had a trading volume of 1,965,609 shares. The stock has a market cap of $75.09 billion, a P/E ratio of 17.58 and a beta of 1.12. The stock has a 50-day moving average price of $63.27 and a 200 day moving average price of $58.53. Dow Chemical Co has a 52 week low of $47.51 and a 52 week high of $65.42.

Dow Chemical (NYSE:DOW) last released its earnings results on Thursday, January 26th. The basic materials company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.88 by $0.11. Dow Chemical had a net margin of 8.97% and a return on equity of 16.85%. The firm had revenue of $13 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period last year, the firm earned $0.93 EPS. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities analysts forecast that Dow Chemical Co will post $4.10 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, March 31st will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Wednesday, March 29th. Dow Chemical’s dividend payout ratio is currently 54.76%.

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A number of research analysts have weighed in on the company. Royal Bank of Canada reissued a “buy” rating and set a $74.00 price target on shares of Dow Chemical in a research note on Tuesday, March 28th. Alembic Global Advisors set a $85.00 price target on Dow Chemical and gave the stock a “buy” rating in a research note on Monday, March 20th. Vetr downgraded Dow Chemical from a “strong-buy” rating to a “buy” rating and set a $71.22 price objective for the company. in a report on Monday, March 13th. Jefferies Group LLC upgraded Dow Chemical from a “hold” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $75.00 in a report on Monday, March 6th. Finally, Zacks Investment Research upgraded Dow Chemical from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $66.12.

Dow Chemical Company Profile

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