Amalgamated Bank Grows Holdings in Dow Chemical Co (DOW)

Amalgamated Bank grew its holdings in Dow Chemical Co (NYSE:DOW) by 72.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,213 shares of the basic materials company’s stock after purchasing an additional 57,319 shares during the quarter. Amalgamated Bank’s holdings in Dow Chemical were worth $8,591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Command Bank lifted its stake in Dow Chemical by 36.9% in the 2nd quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 436 shares in the last quarter. Perkins Coie Trust Co raised its position in shares of Dow Chemical by 33.7% during the 2nd quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock valued at $120,000 after buying an additional 480 shares during the period. BDO Wealth Advisors LLC purchased a new stake in shares of Dow Chemical during the 2nd quarter valued at approximately $121,000. Financial Architects Inc raised its position in shares of Dow Chemical by 0.4% during the 2nd quarter. Financial Architects Inc now owns 2,290 shares of the basic materials company’s stock valued at $144,000 after buying an additional 10 shares during the period. Finally, MCF Advisors LLC raised its position in shares of Dow Chemical by 49.3% during the 2nd quarter. MCF Advisors LLC now owns 2,331 shares of the basic materials company’s stock valued at $147,000 after buying an additional 770 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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

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Several analysts have recently commented on DOW shares. Alembic Global Advisors set a $85.00 price target on shares of Dow Chemical and gave the company a “buy” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $78.00 price target on shares of Dow Chemical in a research report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. Cowen and Company reaffirmed a “hold” rating and set a $60.00 price target on shares of Dow Chemical in a research report on Monday, August 28th. Finally, BidaskClub raised shares of Dow Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Dow Chemical presently has an average rating of “Buy” and an average target price of $72.02.

Dow Chemical Profile

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

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