Impala Asset Management LLC Boosts Stake in Dow Chemical Co (DOW)

Impala Asset Management LLC lifted its stake in shares of Dow Chemical Co (NYSE:DOW) by 11.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 981,340 shares of the basic materials company’s stock after acquiring an additional 99,860 shares during the period. Dow Chemical makes up 3.1% of Impala Asset Management LLC’s investment portfolio, making the stock its 8th biggest position. Impala Asset Management LLC owned about 0.08% of Dow Chemical worth $61,893,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of DOW. Essex Financial Services Inc. lifted its stake in Dow Chemical by 6.9% in the second quarter. Essex Financial Services Inc. now owns 7,301 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 470 shares during the last quarter. Prudential Financial Inc. lifted its stake in Dow Chemical by 0.4% in the second quarter. Prudential Financial Inc. now owns 1,697,090 shares of the basic materials company’s stock worth $107,036,000 after purchasing an additional 6,590 shares during the last quarter. Wexford Capital LP lifted its stake in Dow Chemical by 23.9% in the first quarter. Wexford Capital LP now owns 176,445 shares of the basic materials company’s stock worth $11,211,000 after purchasing an additional 34,058 shares during the last quarter. Personal Capital Advisors Corp lifted its stake in Dow Chemical by 511.5% in the second quarter. Personal Capital Advisors Corp now owns 65,488 shares of the basic materials company’s stock worth $4,130,000 after purchasing an additional 54,779 shares during the last quarter. Finally, Primecap Management Co. CA lifted its stake in Dow Chemical by 12.2% in the first quarter. Primecap Management Co. CA now owns 2,157,075 shares of the basic materials company’s stock worth $137,061,000 after purchasing an additional 234,375 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Several analysts have weighed in on the stock. BidaskClub downgraded shares of Dow Chemical from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating on shares of Dow Chemical in a research note on Tuesday, August 29th. Royal Bank Of Canada reissued a “buy” rating and issued a $78.00 price target on shares of Dow Chemical in a research note on Wednesday, September 6th. Cowen and Company reissued a “hold” rating and issued a $60.00 price target on shares of Dow Chemical in a research note on Monday, August 28th. Finally, Alembic Global Advisors set a $85.00 price target on shares of Dow Chemical and gave the stock a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Dow Chemical has an average rating of “Buy” and a consensus target price of $72.02.

Dow Chemical Co (NYSE DOW) opened at $66.65 on Wednesday. Dow Chemical Co has a one year low of $51.57 and a one year high of $67.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.32 and a current ratio of 1.93.

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Dow Chemical Profile

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

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