This morning we watched Dow drop -7.3% to a price of $27.67 per share. The Large-Cap Chemicals company is now trading -31.13% below its average target price of $40.18. Analysts have set target prices ranging from $29.0 to $65.0 per share for Dow, and have given the stock an average rating of buy.
Dow's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.7%. The stock's short ratio is 3.04. The company's insiders own 0.17% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 68.0%. In conclusion, we believe there is mixed market sentiment regarding Dow.
Institutions Invested in Dow
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 12% | 82,466,876 | $2,281,858,465 |
| 2024-12-31 | Blackrock Inc. | 7% | 48,616,193 | $1,345,210,064 |
| 2024-12-31 | State Street Corporation | 4% | 29,421,638 | $814,096,725 |
| 2024-12-31 | Pzena Investment Management LLC | 3% | 18,792,963 | $520,001,287 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 17,266,183 | $477,755,284 |
| 2024-12-31 | Morgan Stanley | 2% | 12,741,311 | $352,552,076 |
| 2024-12-31 | JPMORGAN CHASE & CO | 2% | 11,102,535 | $307,207,144 |
| 2024-12-31 | Dimensional Fund Advisors LP | 1% | 8,856,604 | $245,062,233 |
| 2024-12-31 | Invesco Ltd. | 1% | 8,517,553 | $235,680,692 |
| 2024-12-31 | UBS Group AG | 1% | 8,112,129 | $224,462,610 |
