Dow Chemical Co (DOW) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in shares of Dow Chemical Co (NYSE:DOW) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,835,340 shares of the basic materials company’s stock after selling 2,584,257 shares during the period. Dow Chemical makes up approximately 0.7% of Franklin Resources Inc.’s investment portfolio, making the stock its 18th biggest position. Franklin Resources Inc. owned 1.95% of Dow Chemical worth $1,503,295,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of DOW. Commerce Bank boosted its position in shares of Dow Chemical by 2.0% during the first quarter. Commerce Bank now owns 402,063 shares of the basic materials company’s stock valued at $25,547,000 after buying an additional 7,692 shares during the period. Caldwell & Orkin Inc. raised its stake in shares of Dow Chemical by 137.4% during the first quarter. Caldwell & Orkin Inc. now owns 36,800 shares of the basic materials company’s stock valued at $2,338,000 after acquiring an additional 21,300 shares in the last quarter. Ameriprise Financial Inc. raised its stake 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 acquiring an additional 2,237,295 shares in the last quarter. American Asset Management Inc. raised its stake in shares of Dow Chemical by 22.3% during the first quarter. American Asset Management Inc. now owns 9,870 shares of the basic materials company’s stock valued at $627,000 after acquiring an additional 1,798 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Dow Chemical by 53.6% during the first quarter. Toronto Dominion Bank now owns 306,545 shares of the basic materials company’s stock valued at $19,476,000 after acquiring an additional 106,948 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Dow Chemical Co (NYSE:DOW) opened at $66.65 on Wednesday. Dow Chemical Co has a 1 year low of $51.57 and a 1 year high of $67.50. The company has a current ratio of 1.93, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68.

DOW has been the subject of a number of recent research reports. raised shares of Dow Chemical from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. set a $85.00 price target on shares of Dow Chemical and gave the stock a “buy” rating in a report on Thursday, July 27th. reaffirmed a “hold” rating and issued a $60.00 price target on shares of Dow Chemical in a report on Monday, August 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $78.00 price target on shares of Dow Chemical in a report on Wednesday, September 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Dow Chemical currently has a consensus rating of “Buy” and a consensus price target of $72.02.

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About Dow Chemical

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

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