The Two Sigma Securities LLC Takes Position in Dow Chemical Co. (DOW)

The Two Sigma Securities LLC Takes Position in Dow Chemical Co. (DOW)

Two Sigma Securities LLC purchased a new stake in Dow Chemical Co. (NYSE:DOW) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 22,631 shares of the company’s stock, valued at approximately $1,173,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOW. Abner Herrman & Brock LLC boosted its position in Dow Chemical by 38.1% in the third quarter. Abner Herrman & Brock LLC now owns 37,357 shares of the company’s stock valued at $1,936,000 after buying an additional 10,305 shares during the last quarter. 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. Finally, Bristol Gate Capital Partners Inc. boosted its position in Dow Chemical by 3.0% in the third quarter. Bristol Gate Capital Partners Inc. now owns 514,766 shares of the company’s stock valued at $26,680,000 after buying an additional 15,169 shares during the last quarter. Hedge funds and other institutional investors own 67.80% of the company’s stock.

Shares of Dow Chemical Co. (NYSE:DOW) traded down 1.07% on Thursday, reaching $57.09. 4,085,986 shares of the company traded hands. The stock has a market cap of $64.02 billion, a price-to-earnings 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. The stock has a 50 day moving average of $57.67 and a 200 day moving average of $54.16.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Wednesday, December 28th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Friday, December 23rd. Dow Chemical’s dividend payout ratio is 29.07%.

DOW has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Friday, December 30th. Vetr cut shares of Dow Chemical from a “buy” rating to a “hold” rating and set a $57.93 price objective on the stock. in a research report on Wednesday, November 30th. Citigroup Inc. raised shares of Dow Chemical from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $59.00 in a research note on Monday, October 3rd. Royal Bank Of Canada lifted their target price on shares of Dow Chemical from $68.00 to $72.00 and gave the company a “top pick” rating in a research note on Monday, December 19th. Finally, RBC Capital Markets lifted their target price on shares of Dow Chemical from $68.00 to $72.00 and gave the company a “top pick” rating in a research note on Monday, December 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $61.91.

About Dow Chemical

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