The 3,175 Shares in Dow Chemical Co (DOW) Acquired by Oakmont Partners LLC

The 3,175 Shares in Dow Chemical Co (DOW) Acquired by Oakmont Partners LLC

Several other large investors also recently added to or reduced their stakes in DOW. Banco Santander S.A. acquired a new position in Dow Chemical during the fourth quarter worth approximately $10,434,000. Oakview Capital Management L.P. acquired a new position in Dow Chemical during the fourth quarter worth approximately $9,645,000. Alpine Associates Management Inc. raised its position in Dow Chemical by 514.0% in the fourth quarter. Alpine Associates Management Inc. now owns 228,400 shares of the basic materials company’s stock worth $13,069,000 after buying an additional 191,200 shares during the last quarter. Guggenheim Capital LLC raised its position in Dow Chemical by 17.1% in the fourth quarter. Guggenheim Capital LLC now owns 985,546 shares of the basic materials company’s stock worth $56,394,000 after buying an additional 144,259 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in Dow Chemical by 0.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 543,010 shares of the basic materials company’s stock worth $28,144,000 after buying an additional 3,000 shares during the last quarter. 69.38% of the stock is owned by institutional investors.

Oakmont Partners LLC bought a new position in shares of Dow Chemical Co (NYSE:DOW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,175 shares of the basic materials company’s stock, valued at approximately $202,000.

Shares of Dow Chemical Co (NYSE:DOW) opened at 62.37 on Tuesday. The stock has a market cap of $76.20 billion, a P/E ratio of 15.37 and a beta of 1.12. The company has a 50 day moving average price of $63.05 and a 200 day moving average price of $59.27. Dow Chemical Co has a 1-year low of $47.51 and a 1-year high of $65.42.

Dow Chemical (NYSE:DOW) last posted its quarterly earnings results on Thursday, April 27th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. The firm had revenue of $13.23 billion for the quarter, compared to analysts’ expectations of $12.46 billion. Dow Chemical had a net margin of 8.97% and a return on equity of 16.85%. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. On average, equities analysts anticipate that Dow Chemical Co will post $4.07 EPS for the current year. The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Friday, March 31st were issued a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $1.84 annualized dividend and a yield of 2.95%. Dow Chemical’s dividend payout ratio is presently 54.76%.

Dow Chemical (NYSE:DOW) last posted its quarterly earnings results on Thursday, April 27th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. The firm had revenue of $13.23 billion for the quarter, compared to analysts’ expectations of $12.46 billion. Dow Chemical had a net margin of 8.97% and a return on equity of 16.85%. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. On average, equities analysts anticipate that Dow Chemical Co will post $4.07 EPS for the current year. A number of research analysts have commented on the company. Zacks Investment Research lowered Dow Chemical from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th. Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 price target on shares of Dow Chemical in a research report on Friday, April 28th. Vetr lowered Dow Chemical from a “strong-buy” rating to a “buy” rating and set a $71.22 price target for the company. in a research report on Monday, March 27th. Barclays PLC increased their target price on Dow Chemical from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, May 1st. Finally, Erste Group initiated coverage on Dow Chemical in a research report on Tuesday, April 25th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $70.42.

Dow Chemical Company Profile

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