Dow Chemical Co (DOW) Holding Maintained by Arcadia Investment Management Corp MI

Dow Chemical Co (DOW) Holding Maintained by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI held its position in shares of Dow Chemical Co (NYSE:DOW) during the first quarter, Holdings Channel reports. The firm owned 1,600 shares of the basic materials company’s stock at the end of the first quarter. Arcadia Investment Management Corp MI’s holdings in Dow Chemical were worth $102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinnacle Bank purchased a new stake in Dow Chemical during the first quarter valued at approximately $103,000. West Oak Capital LLC boosted its stake in Dow Chemical by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock valued at $107,000 after buying an additional 379 shares during the last quarter. First Financial Corp IN boosted its stake in Dow Chemical by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock valued at $107,000 after buying an additional 750 shares during the last quarter. Cable Hill Partners LLC boosted its stake in Dow Chemical by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock valued at $112,000 after buying an additional 124 shares during the last quarter. Finally, CLS Investments LLC purchased a new stake in Dow Chemical during the fourth quarter valued at approximately $123,000. 69.38% of the stock is owned by institutional investors and hedge funds.

Dow Chemical Co (NYSE:DOW) opened at 63.21 on Tuesday. The firm has a 50 day moving average of $62.04 and a 200-day moving average of $60.62. The firm has a market cap of $77.22 billion, a price-to-earnings ratio of 15.57 and a beta of 1.12. Dow Chemical Co has a one year low of $47.51 and a one year high of $65.42.

Dow Chemical (NYSE:DOW) last posted its earnings results on Thursday, April 27th. The basic materials company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.05. The company had revenue of $13.23 billion during the quarter, compared to the consensus estimate of $12.46 billion. Dow Chemical had a net margin of 6.92% and a return on equity of 13.37%. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. Equities research analysts forecast that Dow Chemical Co will post $4.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 30th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, June 28th. Dow Chemical’s dividend payout ratio is 54.76%.

DOW has been the subject of several recent analyst reports. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the stock a “buy” rating in a research note on Monday, March 20th. Vetr cut shares of Dow Chemical from a “strong-buy” rating to a “buy” rating and set a $71.22 target price for the company. in a research note on Monday, March 27th. Citigroup Inc reaffirmed a “hold” rating and issued a $35.00 target price (down from $69.00) on shares of Dow Chemical in a research note on Friday, April 14th. Zacks Investment Research raised shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, April 18th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $74.00 target price on shares of Dow Chemical in a research note on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Dow Chemical has an average rating of “Buy” and an average price target of $69.47.

Dow Chemical Company Profile

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