Dow, Inc. (DOW)

Dow Inc.'s stock price has declined by 56.53% over the past six months, closing at $23.82 on October 3, 2025. BMO Capital downgraded Dow to 'Underperform' in June 2025, citing weakness in key markets and dividend pressure. In July 2025, Dow reported a larger-than-expected Q2 loss and lower-than-expected net sales, and halved its dividend to maintain financial flexibility, leading to a significant stock price drop. A class-action lawsuit alleges that Dow overstated its ability to mitigate macroeconomic and tariff-related headwinds. In April 2025, Dow outlined a $1 billion cost reduction plan, including job cuts and delaying a construction project. Dow confirmed it would shut down its polyether polyols production site in Tertre, Belgium, by March 2026 due to high costs and weak demand.

Dow Inc. experiences demand seasonality in certain product segments. The Performance Materials & Coatings segment benefits from seasonal demand in coatings and downstream silicones. The Industrial Intermediates & Infrastructure segment sees seasonally higher demand for building and construction materials and deicing fluids in the United States and Canada.

Dow, Inc. is a global materials science company specializing in chemical, plastic, and agricultural products, operating primarily within the Commodity Chemicals sector and the Major Chemicals industry. Dow manufactures and markets performance, intermediate, and plastic products, including basic plastics like polyethylene, polystyrene, and polypropylene. They also offer elaborate plastics such as adhesives, resins, polyurethanes, plastic films, and sealants, as well as performance chemicals like polymers, latex, and acrylic monomers. Dow provides performance materials & coatings for consumer goods, industrial, and infrastructure markets, including coatings, silicones, and performance monomers. The company delivers industrial intermediates & infrastructure solutions with essential chemicals and polyurethanes for manufacturing and construction. Dow manufactures plastic materials for packaging applications, including performance films, rigid packaging, and specialty resins, with a focus on sustainable solutions. They offer water treatment and purification technologies, such as membrane filtration and ion exchange, and develop materials for personal care, home care, and cosmetics. Dow also provides seeds, crop protection products, and digital farming solutions. Dow is often referred to as a 'chemical companies' chemical company' because it primarily sells to other industries rather than directly to end-use consumers.

Dow Inc. has a significant global presence, with operations in approximately 30 to 31 countries and serving customers in about 160 countries. Its net sales are geographically distributed across the United States and Canada (38.2%), Europe/Middle East/Africa/India (32.5%), Asia/Pacific (17.9%), and Latin America (11.4%). The company's global corporate headquarters are located in Midland, Michigan, USA.

Dow has received positive recognitions for its brand reputation and corporate practices, advancing to #3 on the Fair360 2024 Top 50 Companies list and being recognized as a Great Place To Work® and one of Fortune's 100 Best Companies to Work For®. The company achieved a top score in LGBTQ+ equality and received a Leading Disability Employer Seal. Dow was named one of the 50 most community-minded companies in America for the fifth consecutive year. However, the ongoing class-action lawsuit and the dividend cut could pose risks to its financial and corporate reputation.

Institutional investors hold a significant portion of Dow Inc.'s shares, ranging from approximately 54.41% to 62.71% of the company's stock. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Individual investors and insiders own approximately 37.05% and 0.24% of the company's stock, respectively.