Dow rises as investors focus on stronger second-quarter outlook ahead of earnings

Dow Inc. (DOW) is up 3.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to improving expectations for Dow’s second quarter, helped by stronger polyethylene and polyurethane market conditions and management’s higher EBITDA outlook for the quarter. With earnings scheduled for July 23, investors may also be positioning for a better-than-feared update after a stretch of cautious sentiment around the chemicals sector.

Details:

Dow indicated in June that it expected second-quarter operating EBITDA of about $2.2 billion, roughly 10% above its prior outlook.

The company pointed to tighter supply and better pricing in polyethylene and polyurethane chains, which can support margins for a large integrated producer like Dow.

Dow’s investor materials also highlight about $1.1 billion of 2026 self-help benefits from cost savings, transformation actions, and prior growth investments.

The next major company catalyst is its July 23, 2026 earnings report, so today’s gain could also reflect pre-earnings optimism after earlier analyst target cuts reset expectations.

Sources:

Dow Investor Relations, SEC, ICIS

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

EARLY ACCESS

Receive DOW Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$DOW Hedge Fund Activity

We have seen 619 institutional investors add shares of $DOW stock to their portfolio, and 460 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

AUTO-OWNERS INSURANCE CO removed 36,054,180 shares (-95.7%) from their portfolio in Q1 2026, for an estimated $1,501,656,597
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 18,976,289 shares (-99.5%) from their portfolio in Q1 2026, for an estimated $790,362,436
AQR CAPITAL MANAGEMENT LLC added 9,181,765 shares (+809.0%) to their portfolio in Q1 2026, for an estimated $382,420,512
PZENA INVESTMENT MANAGEMENT LLC removed 8,679,285 shares (-31.4%) from their portfolio in Q1 2026, for an estimated $361,492,220
CAPITAL WORLD INVESTORS added 7,103,018 shares (+inf%) to their portfolio in Q1 2026, for an estimated $295,840,699
ARTEMIS INVESTMENT MANAGEMENT LLP added 4,749,460 shares (+inf%) to their portfolio in Q1 2026, for an estimated $197,815,009
WORLDQUANT MILLENNIUM ADVISORS LLC added 3,806,561 shares (+1182.0%) to their portfolio in Q1 2026, for an estimated $158,543,265

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$DOW Analyst Ratings

Wall Street analysts have issued reports on $DOW in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Argus Research issued a "Buy" rating on 05/13/2026

To track analyst ratings and price targets for $DOW, check out Quiver Quantitative's $DOW forecast page.

$DOW Price Targets

Multiple analysts have issued price targets for $DOW recently. We have seen 13 analysts offer price targets for $DOW in the last 6 months, with a median target of $38.0.

Here are some recent targets:

John McNulty from BMO Capital set a target price of $33.0 on 07/06/2026
Hassan Ahmed from Alembic Global set a target price of $45.0 on 07/02/2026
John Roberts from Mizuho set a target price of $35.0 on 07/01/2026
Arun Viswanathan from RBC Capital set a target price of $28.0 on 07/01/2026
Matthew DeYoe from B of A Securities set a target price of $29.0 on 06/30/2026
Patrick Cunningham from Citigroup set a target price of $35.0 on 06/24/2026
Joshua Spector from UBS set a target price of $37.0 on 06/05/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.