Dow Chemical (DOW)

Dow combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through its materials science expertise and collaboration with its partners. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $39 billion in 2020.

Company profile

Ticker

DOW

Exchange

NYSE

Website

www.dow.com

CEO

James Fitterling

Incorporated

Delaware

Location

Michigan

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Other Chemical and Fertilizer Mineral Mining

Industry (SIC)

Plastic Materials, Synth Resins & Nonvulcan Elastomers

DuPont de Nemours • Dow • Eastman Chemical • Albemarle • Hexion • Trinseo • Avient • Hexcel • Kraton • AdvanSix ...

SEC CIK

0000029915

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

381285128

DOW stock data

1M 1Y 5Y

Investment data

Data from SEC filings

11 long holdings End of quarter 31 Mar 22	Value	#Shares	Prev Q	Change %, QoQ
IBB Ishares TR (PFD AND INCM SEC)	$46.62M	104.2K	1.44M	-92.8
AGFS Agrofresh Solutions	$39.9M	21M	21M	0
FTAI Fortress Trans Infrst Invs L	$13.65M	642.23K	530.09K	+21.2
Ishares TR (U.S. REAL ES ETF)	$11.76M	35.11K	87K	-59.6
IBB Ishares TR (IBOXX HI YD ETF)	$10.71M	1.36M	274.2K	+395.7
AI C3 Ai Inc	$8.36M	368.1K	368.1K	0
Ishares TR (20 YR TR BD ETF)	$6.79M	51.46K	247.11K	-79.2
IBB Ishares TR	$5.3M	87K		NEW
IBB Ishares TR (USD INV GRDE ETF)	$2.83M	18.78K	89.27K	-79.0
Ishares TR (BARCLAYS 7 10 YR)	$2.02M	1.28M	161.08K	+694.7
Ishares TR (CORE US AGGBD ET)	$1.7M	149.2K	550.91K	-72.9
Ishares TR (IBOXX INV CP ETF)			228.13K	EXIT
UBER Uber Technologies Inc			18.59K	EXIT

Dow Chemical holdings history Holdings history

Holdings list only includes long positions. Only includes long positions.

Calendar

22 Apr 22

20 May 22

31 Dec 22

Financial summary

Financial statements Chart DOW financial data

Quarter (USD)	Jun 20	Mar 20	Sep 19	Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

DOW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Mar 21	Dow	Common Stock, par value $0.0001 per share	Sell	Dispose S	Yes	No	2.332	77	179.56	21,001,074

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q4 2021

DOW institutional ownership history Ownership history

0.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	15	15	–
Opened positions	1	15	-93.3%
Closed positions	1	0	NEW
Increased positions	5	0	NEW
Reduced positions	4	0	NEW

13F shares	Current	Prev Q	Change
Total value	478.05M	128.87M	+271.0%
Total shares	1.45M	1.57M	-7.4%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Folger Nolan Fleming Douglas Capital Management	1.06M	$59.86M	0.0%
Cibc World Markets	137.07K	$7.78M	-41.0%
Callahan Advisors	108.71K	$6.17M	+0.5%
Greenwich Wealth Management	43.75K	$2.48M	+1.5%
Bridge Creek Capital Management	37.93K	$2.15M	-2.2%
Garner Asset Management	28.79K	$1.63M	+0.0%
Pensionfund DSM Netherlands	16K	$908K	0.0%
Mount Vernon Associates	8.23K	$467K	-5.7%
Archer Investment	6.3K	$357.34M	NEW
Dumont & Blake Investment Advisors	4.81K	$273K	+2.9%

Largest transactions	Shares	Bought/sold	Change
Cibc World Markets	137.07K	-95.22K	-41.0%
Crossmark Global	0	-23.83K	EXIT
Archer Investment	6.3K	+6.3K	NEW
West Oak Capital	1.13K	-3.4K	-75.1%
Bridge Creek Capital Management	37.93K	-862	-2.2%
Greenwich Wealth Management	43.75K	+636	+1.5%
Callahan Advisors	108.71K	+557	+0.5%
Mount Vernon Associates	8.23K	-500	-5.7%
Dumont & Blake Investment Advisors	4.81K	+134	+2.9%
AlphaMark Advisors	608	+100	+19.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

Global Economic Considerations: The Company operates in a global, competitive environment which gives rise to operating and market risk exposure.

Management Discussion

Net sales in the first quarter of 2022 were $15.3 billion, up 28 percent from $11.9 billion in the first quarter of 2021, with local price up 28 percent, volume up 3 percent and an unfavorable currency impact of 3 percent. Net sales increased in all operating segments and geographic regions. Local price increased in all operating segments and geographic regions, primarily driven by tight supply and demand dynamics and increasing raw material prices. Local price increased in Packaging & Specialty Plastics (up 24 percent), Industrial Intermediates & Infrastructure (up 29 percent) and Performance Materials & Coatings (up 39 percent). Volume increases in the U.S. & Canada and Latin America were partially offset by volume decreases in EMEAI and Asia Pacific. Volume increased in Packaging & Specialty Plastics (up 4 percent), Industrial Intermediates & Infrastructure (up 1 percent) and Performance Materials & Coatings (up 8 percent). Currency unfavorably impacted net sales by 3 percent, driven by EMEAI (down 8 percent) and Asia Pacific (down 1 percent). Excluding the Hydrocarbons & Energy business, sales increased 27 percent.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: adequate, adhesive, administration, administrative, Admired, agriculture, appliance, assistance, assume, brand, broader, Broodo, collaboration, complying, conflict, country, cybersecurity, decarbonize, declined, deemed, democracy, Depot, DeVard, disruption, downturn, dynamic, European, evacuation, export, extensive, fluidity, geopolitical, heightened, household, housing, humanitarian, imposed, imposing, imposition, inflationary, instability, invaded, invasion, Jack, Jerri, Kankakee, list, nearby, obtain, opportunistic, peace, people, prioritizing, proportionate, recoverable, recyclability, reestablish, Research, Rohm, Russia, Russian, safeguard, sanction, satisfy, significantly, solidarity, stopped, storage, suspended, tank, Ukraine, volatility, worldwide

Removed: accrue, active, allocation, amending, appeal, application, arbitration, automatic, award, bargaining, BBB, Brazil, cancelled, charge, clarifying, coast, collectively, confident, consent, contingent, continued, coupon, credited, decree, deductible, defend, deferential, delay, diligently, disciplined, discretionary, divested, enabled, establishing, Euro, experienced, factual, favorably, Fitch, forma, framework, fringe, government, growth, guidance, gulf, harmonized, hearing, iii, impaired, improve, improvement, improving, inability, inclusive, indemnifiable, indemnified, indemnity, infection, integrate, integration, interaction, iv, labor, letter, loaned, logistical, maintaining, maturity, merger, mitigation, mix, model, momentum, monetized, monitor, onset, operate, optimize, organization, participate, payroll, pensionable, performing, polyurethane, population, pricing, pro, production, profitable, protective, quantify, rating, rationalize, receipt, receive, recession, recovery, redeemed, reflecting, remain, remeasured, remotely, removing, repaid, repair, response, return, reversal, revised, ruling, safe, Santa, schedule, sequential, set, simplify, Simplifying, spread, stabilize, stable, structure, successful, Supreme, Synergy, Thai, threshold, Topic, unaffiliated, unanimously, uncapped, utility, vi, Vitoria, voluntarily, weighted, widespread, work, workplace

From filing 10-Q 2022 Q1

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