Retirement Systems of Alabama raised its position in Dow Chemical Co. (NYSE:DOW) by 100.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,308,676 shares of the company’s stock after buying an additional 655,372 shares during the period. Retirement Systems of Alabama’s holdings in Dow Chemical were worth $67,829,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DOW. Washington Trust Bank increased its position 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. Smithfield Trust Co. increased its position in Dow Chemical by 14.2% in the third quarter. Smithfield Trust Co. now owns 1,941 shares of the company’s stock valued at $101,000 after buying an additional 241 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Dow Chemical during the second quarter valued at about $111,000. Americafirst Capital Management LLC bought a new position in Dow Chemical during the second quarter valued at about $112,000. Finally, Nelson Roberts Investment Advisors LLC increased its position in Dow Chemical by 2.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 2,260 shares of the company’s stock valued at $112,000 after buying an additional 50 shares during the period. 67.89% of the stock is owned by institutional investors.

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

Dow Chemical Co. (NYSE:DOW) opened at 55.72 on Thursday. The stock has a market cap of $62.48 billion, a price-to-earnings ratio of 8.68 and a beta of 1.20. The stock’s 50 day moving average price is $53.69 and its 200-day moving average price is $52.77. Dow Chemical Co. has a 12 month low of $40.26 and a 12 month high of $57.10.

Dow Chemical (NYSE:DOW) last issued its earnings results on Thursday, October 27th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.12. Dow Chemical had a return on equity of 17.81% and a net margin of 16.91%. The business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.01 billion. During the same quarter last year, the company earned $0.82 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that Dow Chemical Co. will post $3.65 EPS for the current year.

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Several equities analysts have recently issued reports on the stock. Vetr downgraded shares of Dow Chemical from a “buy” rating to a “hold” rating and set a $57.93 price objective on the stock. in a report on Wednesday. RBC Capital Markets restated a “top pick” rating and set a $68.00 price objective (up previously from $65.00) on shares of Dow Chemical in a report on Friday, October 28th. Royal Bank Of Canada upped their price objective on shares of Dow Chemical from $65.00 to $68.00 and gave the company a “top pick” rating in a report on Friday, October 28th. Zacks Investment Research downgraded shares of Dow Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Finally, Citigroup Inc. upgraded shares of Dow Chemical from a “neutral” rating to a “buy” rating and upped 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, four have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Dow Chemical presently has a consensus rating of “Buy” and a consensus target price of $61.21.

Dow Chemical Company Profile

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