The Dow Chemical Co. (DOW) Shares Bought by Bradley Foster & Sargent Inc. CT

The Dow Chemical Co. (DOW) Shares Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT increased its stake in shares of Dow Chemical Co. (NYSE:DOW) by 12.1% during the third quarter, Holdings Channel reports. The fund owned 15,464 shares of the company’s stock after buying an additional 1,667 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Dow Chemical were worth $801,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. boosted its position in Dow Chemical by 262.2% in the third quarter. Capstone Asset Management Co. now owns 303,877 shares of the company’s stock valued at $15,750,000 after buying an additional 219,973 shares during the last quarter. Huntington National Bank boosted its position in Dow Chemical by 70.7% in the second quarter. Huntington National Bank now owns 496,787 shares of the company’s stock valued at $24,695,000 after buying an additional 205,820 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Dow Chemical by 1.8% in the third quarter. Gulf International Bank UK Ltd now owns 340,965 shares of the company’s stock valued at $17,672,000 after buying an additional 5,900 shares during the last quarter. PGGM Investments boosted its position in Dow Chemical by 2.5% in the second quarter. PGGM Investments now owns 784,601 shares of the company’s stock valued at $39,003,000 after buying an additional 18,878 shares during the last quarter. Finally, Bristol Gate Capital Partners Inc. bought a new position in Dow Chemical during the second quarter valued at $24,835,000. 67.80% of the stock is owned by institutional investors.

Shares of Dow Chemical Co. (NYSE:DOW) traded down 1.07% during midday trading on Thursday, reaching $57.09. 4,085,986 shares of the company were exchanged. The firm has a 50-day moving average of $57.67 and a 200 day moving average of $54.16. The firm has a market capitalization of $64.02 billion, a P/E ratio of 8.90 and a beta of 1.19. Dow Chemical Co. has a 52 week low of $40.69 and a 52 week high of $59.33.

Dow Chemical (NYSE:DOW) last issued its earnings results on Thursday, October 27th. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.12. The business earned $12.48 billion during the quarter, compared to analysts’ expectations of $12.01 billion. Dow Chemical had a net margin of 16.91% and a return on equity of 17.81%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 earnings per share. On average, equities research analysts expect that Dow Chemical Co. will post $3.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Wednesday, December 28th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, December 23rd. Dow Chemical’s dividend payout ratio is currently 29.07%.

DOW has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price objective on shares of Dow Chemical from $65.00 to $68.00 and gave the stock a “top pick” rating in a research note on Friday, October 28th. Zacks Investment Research raised shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Friday, December 30th. Vetr raised shares of Dow Chemical from a “sell” rating to a “buy” rating and set a $57.93 price objective for the company in a research note on Monday, October 24th. Citigroup Inc. raised shares of Dow Chemical from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $59.00 in a research note on Monday, October 3rd. Finally, RBC Capital Markets reissued a “top pick” rating and issued a $68.00 price objective (up from $65.00) on shares of Dow Chemical in a research note on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $61.91.

Dow Chemical Company Profile

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