Flinton Capital Management LLC trimmed its holdings in Dow Chemical Co (NYSE:DOW) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,824 shares of the basic materials company’s stock after selling 38,696 shares during the period. Flinton Capital Management LLC’s holdings in Dow Chemical were worth $18,468,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Command Bank raised its holdings in shares of Dow Chemical by 36.9% during the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 436 shares during the period. Perkins Coie Trust Co grew its position in Dow Chemical by 33.7% in the 2nd quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 480 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in shares of Dow Chemical during the 2nd quarter valued at approximately $121,000. Financial Architects Inc grew its position in shares of Dow Chemical by 0.4% during the 2nd quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 10 shares during the period. Finally, MCF Advisors LLC lifted its stake in shares of Dow Chemical by 49.3% during the 2nd quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock valued at $147,000 after buying an additional 770 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.
Shares of Dow Chemical Co (NYSE DOW) traded up $1.75 during mid-day trading on Thursday, hitting $66.65. 43,802,000 shares of the stock were exchanged, compared to its average volume of 5,740,120. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.93 and a quick ratio of 1.32. Dow Chemical Co has a 52-week low of $51.57 and a 52-week high of $67.50.
A number of analysts recently commented on DOW shares. Cowen restated a “hold” rating and set a $60.00 price target on shares of Dow Chemical in a research note on Monday, August 28th. Jefferies Group reissued a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. BidaskClub raised shares of Dow Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $78.00 target price on shares of Dow Chemical in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $72.02.
Dow Chemical Company Profile
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