InterOcean Capital LLC Has $7.77 Million Position in Dow Chemical Company (The) (DOW)

InterOcean Capital LLC increased its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 18.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,270 shares of the basic materials company’s stock after buying an additional 19,283 shares during the period. Dow Chemical Company (The) makes up approximately 1.4% of InterOcean Capital LLC’s investment portfolio, making the stock its 25th largest position. InterOcean Capital LLC’s holdings in Dow Chemical Company (The) were worth $7,769,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cypress Capital Management LLC boosted its stake in shares of Dow Chemical Company (The) by 0.3% in the first quarter. Cypress Capital Management LLC now owns 4,017 shares of the basic materials company’s stock valued at $255,000 after buying an additional 12 shares in the last quarter. Capital Management Corp VA boosted its stake in shares of Dow Chemical Company (The) by 0.3% in the first quarter. Capital Management Corp VA now owns 4,491 shares of the basic materials company’s stock valued at $285,000 after buying an additional 15 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Dow Chemical Company (The) by 0.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 5,017 shares of the basic materials company’s stock valued at $319,000 after buying an additional 17 shares in the last quarter. Stokes & Hubbell Capital Management LLC boosted its stake in shares of Dow Chemical Company (The) by 0.4% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 6,037 shares of the basic materials company’s stock valued at $384,000 after buying an additional 23 shares in the last quarter. Finally, Financial Advisory Service Inc. boosted its stake in shares of Dow Chemical Company (The) by 0.4% in the first quarter. Financial Advisory Service Inc. now owns 5,529 shares of the basic materials company’s stock valued at $351,000 after buying an additional 23 shares in the last quarter. Institutional investors own 68.79% of the company’s stock.

Dow Chemical Company (NYSE:DOW) opened at 63.88 on Tuesday. The stock has a market cap of $78.15 billion, a PE ratio of 27.36 and a beta of 1.13. Dow Chemical Company has a 1-year low of $51.57 and a 1-year high of $67.50. The stock has a 50 day moving average price of $64.82 and a 200-day moving average price of $62.82.

Dow Chemical Company (The) (NYSE:DOW) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. Dow Chemical Company (The)’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. On average, equities analysts expect that Dow Chemical Company will post $4.08 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be issued a $0.46 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.88%. Dow Chemical Company (The)’s payout ratio is 76.99%.

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Several equities research analysts have weighed in on DOW shares. UBS AG reiterated a “buy” rating and issued a $72.00 price objective on shares of Dow Chemical Company (The) in a report on Monday, May 15th. Credit Suisse Group set a $66.00 price objective on Dow Chemical Company (The) and gave the stock a “buy” rating in a report on Sunday, April 30th. Zacks Investment Research upgraded Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday, April 18th. BidaskClub upgraded Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Cowen and Company increased their price objective on Dow Chemical Company (The) from $47.00 to $60.00 and gave the stock a “market perform” rating in a report on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Dow Chemical Company (The) has a consensus rating of “Buy” and an average target price of $71.42.

About Dow Chemical Company (The)

Want to see what other hedge funds are holding DOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dow Chemical Company (The) (NYSE:DOW).

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

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