Dow Chemical Company (The) (DOW) Shares Sold by Welch & Forbes LLC

Dow Chemical Company (The) (DOW) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC cut its position in shares of Dow Chemical Company (The) (NYSE:DOW) by 6.8% during the third quarter, Holdings Channel reports. The institutional investor owned 38,809 shares of the company’s stock after selling 2,826 shares during the period. Welch & Forbes LLC’s holdings in Dow Chemical Company (The) were worth $2,011,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Washington Trust Bank increased its stake in Dow Chemical Company (The) by 7.9% in the third quarter. Washington Trust Bank now owns 1,926 shares of the company’s stock worth $100,000 after buying an additional 141 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Dow Chemical Company (The) during the second quarter worth approximately $111,000. Adirondack Trust Co. increased its stake in Dow Chemical Company (The) by 68.6% in the third quarter. Adirondack Trust Co. now owns 2,248 shares of the company’s stock worth $117,000 after buying an additional 915 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in Dow Chemical Company (The) during the second quarter worth approximately $115,000. Finally, Nelson Roberts Investment Advisors LLC increased its stake in Dow Chemical Company (The) by 10.6% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 2,500 shares of the company’s stock worth $130,000 after buying an additional 240 shares in the last quarter. Institutional investors own 68.91% of the company’s stock.

Dow Chemical Company (NYSE:DOW) opened at 61.31 on Friday. The stock’s 50 day moving average price is $58.28 and its 200 day moving average price is $54.60. Dow Chemical Company has a 52-week low of $41.22 and a 52-week high of $61.73. The firm has a market capitalization of $68.75 billion, a PE ratio of 9.55 and a beta of 1.19.

Dow Chemical Company (The) (NYSE:DOW) last issued its earnings results on Thursday, January 26th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.11. The business had revenue of $13 billion for the quarter, compared to analyst estimates of $12.36 billion. Dow Chemical Company (The) had a return on equity of 17.22% and a net margin of 8.97%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the company posted $0.93 EPS. Analysts expect that Dow Chemical Company will post $4.08 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Wednesday, December 28th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Friday, December 23rd. Dow Chemical Company (The)’s dividend payout ratio (DPR) is currently 54.76%.

A number of brokerages have recently weighed in on DOW. Sanford C. Bernstein reaffirmed an “overweight” rating on shares of Dow Chemical Company (The) in a research note on Friday, December 23rd. Vetr raised Dow Chemical Company (The) from a “sell” rating to a “hold” rating and set a $57.94 price objective for the company in a research note on Tuesday, December 27th. Zacks Investment Research raised Dow Chemical Company (The) 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. Credit Suisse Group set a $66.00 price objective on Dow Chemical Company (The) and gave the company a “buy” rating in a research note on Friday. Finally, RBC Capital Markets lifted their price objective on Dow Chemical Company (The) 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 assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $62.33.

About Dow Chemical Company (The)

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