Carl Domino Inc decreased its position in Dow Chemical Co. (NYSE:DOW) by 4.7% during the third quarter, Holdings Channel reports. The firm owned 36,530 shares of the company’s stock after selling 1,805 shares during the period. Dow Chemical makes up 1.8% of Carl Domino Inc’s investment portfolio, making the stock its 10th largest position. Carl Domino Inc’s holdings in Dow Chemical were worth $1,890,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Washington Trust Bank increased its stake in shares of Dow Chemical 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 shares of Dow Chemical during the second quarter worth $111,000. Americafirst Capital Management LLC acquired a new stake in shares of Dow Chemical during the second quarter worth $112,000. Nelson Roberts Investment Advisors LLC increased its stake in shares of Dow Chemical by 2.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 2,260 shares of the company’s stock worth $112,000 after buying an additional 50 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC acquired a new stake in shares of Dow Chemical during the second quarter worth $115,000. Institutional investors own 67.89% of the company’s stock.

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

Dow Chemical Co. (NYSE:DOW) traded down 0.61% on Tuesday, hitting $53.99. The stock had a trading volume of 5,551,107 shares. Dow Chemical Co. has a 52-week low of $40.26 and a 52-week high of $57.10. The company has a market cap of $60.54 billion, a P/E ratio of 8.41 and a beta of 1.20. The stock’s 50-day moving average is $53.70 and its 200-day moving average is $52.78.

Dow Chemical (NYSE:DOW) last announced its earnings results on Thursday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $12.01 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts expect that Dow Chemical Co. will post $3.65 earnings per share for the current year.

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A number of brokerages have weighed in on DOW. RBC Capital Markets reaffirmed a “top pick” rating and issued a $68.00 target price (up previously from $65.00) on shares of Dow Chemical in a report on Friday, October 28th. Royal Bank Of Canada raised their target price on Dow Chemical from $65.00 to $68.00 and gave the company a “top pick” rating in a report on Friday, October 28th. Vetr raised Dow Chemical from a “hold” rating to a “buy” rating and set a $57.48 price objective on the stock in a report on Monday, September 5th. Zacks Investment Research downgraded Dow Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Finally, Citigroup Inc. raised Dow Chemical from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $59.00 in a report on Monday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $61.21.

Dow Chemical Company Profile

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