Dow Chemical Co (NYSE:DOW) was the target of unusually large options trading activity on Friday. Investors bought 2,938 put options on the stock. This is an increase of approximately 132% compared to the average daily volume of 1,266 put options.

Shares of Dow Chemical (NYSE:DOW) opened at 60.78 on Wednesday. The firm has a 50-day moving average of $62.25 and a 200-day moving average of $60.07. Dow Chemical has a 12-month low of $47.51 and a 12-month high of $65.42. The company has a market cap of $74.26 billion, a P/E ratio of 14.97 and a beta of 1.12.

Dow Chemical (NYSE:DOW) last issued its earnings results on Thursday, April 27th. The basic materials company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. The firm had revenue of $13.23 billion during the quarter, compared to analyst estimates of $12.46 billion. Dow Chemical had a net margin of 8.97% and a return on equity of 16.85%. The company’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the business earned $0.89 earnings per share. Analysts predict that Dow Chemical will post $4.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 30th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.03%. Dow Chemical’s dividend payout ratio is presently 54.76%.

A number of institutional investors have recently modified their holdings of the company. Yorktown Management & Research Co Inc acquired a new position in shares of Dow Chemical during the third quarter worth $203,000. Bradley Foster & Sargent Inc. CT raised its position in shares of Dow Chemical by 12.1% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 15,464 shares of the basic materials company’s stock worth $801,000 after buying an additional 1,667 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of Dow Chemical by 2.3% in the third quarter. Tocqueville Asset Management L.P. now owns 55,186 shares of the basic materials company’s stock worth $2,860,000 after buying an additional 1,235 shares in the last quarter. Huntington National Bank raised its position in shares of Dow Chemical by 30.7% in the third quarter. Huntington National Bank now owns 649,277 shares of the basic materials company’s stock worth $33,652,000 after buying an additional 152,490 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its position in shares of Dow Chemical by 9.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 1,014,846 shares of the basic materials company’s stock worth $52,599,000 after buying an additional 90,605 shares in the last quarter. Hedge funds and other institutional investors own 69.38% of the company’s stock.

DOW has been the subject of several research analyst reports. Vetr raised shares of Dow Chemical from a “sell” rating to a “hold” rating and set a $63.72 target price for the company in a report on Tuesday, February 14th. Credit Suisse Group AG set a $66.00 target price on shares of Dow Chemical and gave the stock a “buy” rating in a report on Sunday, April 30th. Jefferies Group LLC raised shares of Dow Chemical from a “hold” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $75.00 in a report on Monday, March 6th. Alembic Global Advisors set a $85.00 target price on shares of Dow Chemical and gave the stock a “buy” rating in a report on Monday, March 20th. Finally, Zacks Investment Research raised shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Dow Chemical has an average rating of “Buy” and an average price target of $70.42.

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