Tocqueville Asset Management L.P. Has $3.20 Million Holdings in Dow Chemical Co (DOW)

Tocqueville Asset Management L.P. raised its position in shares of Dow Chemical Co (NYSE:DOW) by 11.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,757 shares of the basic materials company’s stock after buying an additional 5,351 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Dow Chemical were worth $3,201,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DOW. Vanguard Group Inc. lifted its position in shares of Dow Chemical by 7.6% during the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock valued at $5,158,905,000 after buying an additional 5,722,128 shares during the last quarter. Jana Partners LLC purchased a new stake in shares of Dow Chemical during the first quarter valued at about $225,688,000. Glenview Capital Management LLC lifted its position in shares of Dow Chemical by 34.8% during the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock valued at $753,847,000 after buying an additional 3,066,049 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Dow Chemical by 26.8% during the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock valued at $674,160,000 after buying an additional 2,237,295 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Dow Chemical by 11.8% during the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock valued at $985,078,000 after buying an additional 1,638,866 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

DOW has been the subject of several analyst reports. BidaskClub raised shares of Dow Chemical from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical and gave the company a “buy” rating in a report on Thursday, July 27th. Cowen and Company restated a “hold” rating and set a $60.00 price objective on shares of Dow Chemical in a report on Monday, August 28th. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price objective on shares of Dow Chemical in a report on Thursday, July 6th. Finally, Zacks Investment Research downgraded shares of Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $72.02.

Dow Chemical Co (DOW) opened at 66.65 on Wednesday. The firm has a market cap of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13. Dow Chemical Co has a one year low of $51.57 and a one year high of $67.50. The company has a 50-day moving average of $64.79 and a 200 day moving average of $63.46.

Dow Chemical (NYSE:DOW) last posted its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. Equities research a

Several other hedge funds have also recently added to or reduced their stakes in DOW. Vanguard Group Inc. lifted its position in shares of Dow Chemical by 7.6% during the first quarter. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company’s stock valued at $5,158,905,000 after buying an additional 5,722,128 shares during the last quarter. Jana Partners LLC purchased a new stake in shares of Dow Chemical during the first quarter valued at about $225,688,000. Glenview Capital Management LLC lifted its position in shares of Dow Chemical by 34.8% during the first quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company’s stock valued at $753,847,000 after buying an additional 3,066,049 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Dow Chemical by 26.8% during the first quarter. Ameriprise Financial Inc. now owns 10,592,146 shares of the basic materials company’s stock valued at $674,160,000 after buying an additional 2,237,295 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Dow Chemical by 11.8% during the first quarter. FMR LLC now owns 15,503,280 shares of the basic materials company’s stock valued at $985,078,000 after buying an additional 1,638,866 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

DOW has been the subject of several analyst reports. BidaskClub raised shares of Dow Chemical from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical and gave the company a “buy” rating in a report on Thursday, July 27th. Cowen and Company restated a “hold” rating and set a $60.00 price objective on shares of Dow Chemical in a report on Monday, August 28th. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price objective on shares of Dow Chemical in a report on Thursday, July 6th. Finally, Zacks Investment Research downgraded shares of Dow Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $72.02.

Dow Chemical Co (DOW) opened at 66.65 on Wednesday. The firm has a market cap of $81.54 billion, a P/E ratio of 28.54 and a beta of 1.13. Dow Chemical Co has a one year low of $51.57 and a one year high of $67.50. The company has a 50-day moving average of $64.79 and a 200 day moving average of $63.46.

Dow Chemical (NYSE:DOW) last posted its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. Dow Chemical had a return on equity of 19.01% and a net margin of 9.82%. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts expect that Dow Chemical Co will post $4.11 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/18/tocqueville-asset-management-l-p-has-3-20-million-holdings-in-dow-chemical-co-dow.html.

Dow Chemical Company Profile

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 Co (NYSE:DOW).

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

Receive News & Ratings for Dow Chemical Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dow Chemical Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply