Monroe Bank & Trust MI Sells 1,350 Shares of Dow Chemical Company (The) (DOW)

Monroe Bank & Trust MI decreased its position in Dow Chemical Company (The) (NYSE:DOW) by 9.0% during the third quarter, Holdings Channel reports. The firm owned 13,686 shares of the company’s stock after selling 1,350 shares during the period. Monroe Bank & Trust MI’s holdings in Dow Chemical Company (The) were worth $736,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Gemmer Asset Management LLC raised its position in Dow Chemical Company (The) by 0.3% in the third quarter. Gemmer Asset Management LLC now owns 6,269 shares of the company’s stock worth $325,000 after buying an additional 21 shares during the period. Stokes & Hubbell Capital Management LLC raised its position in shares of Dow Chemical Company (The) by 0.4% in the third quarter. Stokes & Hubbell Capital Management LLC now owns 5,990 shares of the company’s stock valued at $310,000 after buying an additional 25 shares during the period. Philadelphia Trust Co. raised its position in shares of Dow Chemical Company (The) by 0.4% in the third quarter. Philadelphia Trust Co. now owns 6,322 shares of the company’s stock valued at $328,000 after buying an additional 25 shares during the period. Capital Management Corp VA raised its position in shares of Dow Chemical Company (The) by 0.6% in the third quarter. Capital Management Corp VA now owns 4,459 shares of the company’s stock valued at $231,000 after buying an additional 26 shares during the period. Finally, Argentus Capital Management LLC raised its position in shares of Dow Chemical Company (The) by 0.5% in the third quarter. Argentus Capital Management LLC now owns 6,012 shares of the company’s stock valued at $312,000 after buying an additional 29 shares during the period. 69.38% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Dow Chemical Company (The) (NYSE:DOW)

Dow Chemical Company (NYSE:DOW) opened at 61.56 on Tuesday. The stock has a 50 day moving average price of $58.90 and a 200-day moving average price of $55.25. Dow Chemical Company has a 12-month low of $44.89 and a 12-month high of $61.85. The stock has a market cap of $74.69 billion, a P/E ratio of 17.49 and a beta of 1.12.

Dow Chemical Company (The) (NYSE:DOW) last posted its earnings results on Thursday, January 26th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.11. The company earned $13 billion during the quarter, compared to analyst estimates of $12.36 billion. Dow Chemical Company (The) had a return on equity of 16.85% and a net margin of 8.97%. The business’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. On average, equities analysts expect that Dow Chemical Company will post $4.07 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.99%. Dow Chemical Company (The)’s dividend payout ratio (DPR) is presently 54.76%.

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Several equities analysts have recently commented on DOW shares. Vetr raised Dow Chemical Company (The) from a “sell” rating to a “buy” rating and set a $57.93 price target on the stock in a research note on Monday, October 24th. Royal Bank Of Canada upped their price target on Dow Chemical Company (The) from $65.00 to $68.00 and gave the company a “top pick” rating in a research note on Friday, October 28th. RBC Capital Markets reaffirmed a “top pick” rating and issued a $68.00 price target (up previously from $65.00) on shares of Dow Chemical Company (The) in a research note on Friday, October 28th. Zacks Investment Research lowered Dow Chemical Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Finally, Sanford C. Bernstein reaffirmed an “overweight” rating on shares of Dow Chemical Company (The) in a research note on Friday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $64.97.

About Dow Chemical Company (The)

5 Day Chart for NYSE:DOW

Want to see what other hedge funds are holding DOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Company (The) (NYSE:DOW).

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