In the market the company is trading up by 1.36 percent from yesterday’s close. Shares are trading at $65.43 marginally over $62.86, the stock’s 50 day moving average and barely above the 200 day moving average of $61.64. The 50 day moving average went up $2.59 or +4.12% and the 200 day average went up by +6.18%.
Here is the rundown on market activity for Dow Chemical Company (The) (NYSE:DOW). Director James A. Bell let go of 1,336 shares at an average price of $53.80 on November 1st. That brings the Director’s holdings to $2,023,956 per an SEC filing yesterday.
The Dow Chemical Company (Dow), launched on June 11, 1947, is a manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services. The Company operates through five segments: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics. The Company serves various industries, including appliance; automotive; agricultural; building and construction; chemical processing; electronics; furniture; housewares; oil and gas; packaging; paints, coatings and adhesives; personal care; pharmaceutical; processed foods; pulp and paper; textile and carpet; utilities, and water treatment..
These firms have also modified their investment in DOW. Gateway Investment Advisers LLC added to its investment by buying 47,299 shares an increase of 6.2% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC now holds 808,265 shares valued at $50,977,000. The total value of its holdings increased 5.4%. Churchill Management Corp trimmed its stake by shedding 5,731 shares a decrease of 2.0%. Churchill Management Corp controls 282,096 shares worth $17,792,000. The value of the position overall is down by 2.7%.
As of the end of the quarter Pennsylvania Trust Co had acquired a total of 81,607 shares growing its stake by 42.3%. The value of the investment in Dow Chemical Company (The) went from $12,253,000 to $17,311,000 increasing 41.3% for the reporting period. As of quarter end Kempner Capital Management Inc. had bought 1,518 shares growing its holdings by 2.0%. The value of the total investment in Dow Chemical Company (The) increased from $4,935,000 to $4,994,000 a change of 1.2% quarter over quarter.
On October 10, 2016 the stock rating was changed to a “Buy” by UBS which was a boost from the previous “Neutral” rating. On October 3 the stock rating was upgraded to “Buy” from “” with a current price target of $59.00 in a statement from Citigroup.
On July 29 the company was rated “Overweight” in a report from JP Morgan a boost from the previous “Neutral” rating. On July 6 the company was set at “Underperform” according to a CLSA report down from the previous “” rating.
On June 28, 2016 the stock rating was rated “Neutral” according to a JP Morgan report which is down from the previous “Overweight” rating. On March 24, 2016 Credit Suisse began coverage of DOW with a rating of “Outperform” and projecting a price target of $56.00.
Dow Chemical Company (The) also recently declared a dividend payable on Friday the 28th of July 2017. The dividend payment will be $0.460 per share for the quarter or $1.84 annualized. The dividend yield will be $2.88. The ex-dividend date will be Wednesday June 28th, 2017.
The P/E ratio is 16.12 and market cap is 79.96B. As of the last earnings report the EPS was $4.06 and is expected to be $4.04 for the current year with 1,221,702,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.97 and the next full year EPS is projected to be $4.39.