Jefferies Group LLC reaffirmed their buy rating on shares of Dow Chemical Company (The) (NYSE:DOW) in a research report report published on Tuesday.

A number of other equities research analysts have also recently weighed in on the stock. Cowen and Company reiterated a hold rating and set a $60.00 price target on shares of Dow Chemical Company (The) in a research report on Monday, August 28th. BidaskClub upgraded shares of Dow Chemical Company (The) from a sell rating to a hold rating in a research report on Wednesday, August 23rd. Alembic Global Advisors set a $85.00 price target on shares of Dow Chemical Company (The) and gave the company a buy rating in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated a buy rating and set a $76.00 price target on shares of Dow Chemical Company (The) in a research report on Thursday, July 6th. Finally, Zacks Investment Research cut shares of Dow Chemical Company (The) from a hold rating to a sell rating in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $71.42.

Shares of Dow Chemical Company (NYSE:DOW) opened at 66.65 on Tuesday. Dow Chemical Company has a 52-week low of $51.57 and a 52-week high of $67.50. The company has a market cap of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13. The firm has a 50-day moving average of $64.79 and a 200-day moving average of $63.46.

Dow Chemical Company (The) (NYSE:DOW) last issued its earnings results on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.60 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. Dow Chemical Company (The)’s quarterly revenue was up 15.7% compared to the same quarter last year. Equities research analysts forecast that Dow Chemical Company will post $4.08 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is presently 76.99%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Dow Chemical Company (The) by 3.4% in the second quarter. Vanguard Group Inc. now owns 83,932,612 shares of the basic materials company’s stock valued at $5,293,630,000 after buying an additional 2,741,153 shares during the period. BlackRock Inc. boosted its position in Dow Chemical Company (The) by 3.8% in the second quarter. BlackRock Inc. now owns 83,423,778 shares of the basic materials company’s stock valued at $5,261,538,000 after buying an additional 3,075,321 shares during the period. Capital World Investors boosted its position in Dow Chemical Company (The) by 1.2% in the second quarter. Capital World Investors now owns 22,742,382 shares of the basic materials company’s stock valued at $1,434,362,000 after buying an additional 275,695 shares during the period. Bank of New York Mellon Corp boosted its position in Dow Chemical Company (The) by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 16,655,781 shares of the basic materials company’s stock valued at $1,050,480,000 after buying an additional 114,858 shares during the period. Finally, Third Point LLC increased its stake in shares of Dow Chemical Company (The) by 1.9% in the second quarter. Third Point LLC now owns 16,000,000 shares of the basic materials company’s stock valued at $1,009,120,000 after buying an additional 300,000 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

About Dow Chemical Company (The)

Analyst Recommendations for Dow Chemical Company (The) (NYSE:DOW)

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