Stralem Co Inc Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Stralem Co Inc reduced its stake in Dow Chemical Co by 10.24% during the most recent quarter end. The investment management company now holds a total of 505,045 shares of Dow Chemical Co which is valued at $26,742,133 after selling 57,600 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Dow Chemical Co makes up approximately 3.02% of Stralem Co Inc’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab boosted its stake in DOW in the latest quarter, The investment management firm added 1,787,393 additional shares and now holds a total of 2,588,422 shares of Dow Chemical Co which is valued at $137,056,945. Dow Chemical Co makes up approx 0.39% of Nordea Investment Management Ab’s portfolio.Braver Wealth Management reduced its stake in DOW by selling 1,931 shares or 16.41% in the most recent quarter. The Hedge Fund company now holds 9,833 shares of DOW which is valued at $503,253. Dow Chemical Co makes up approx 0.08% of Braver Wealth Management’s portfolio.Davenport Co boosted its stake in DOW in the latest quarter, The investment management firm added 13,526 additional shares and now holds a total of 67,711 shares of Dow Chemical Co which is valued at $3,465,449. Dow Chemical Co makes up approx 0.05% of Davenport Co’s portfolio.West Oak Capital boosted its stake in DOW in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 475 shares of Dow Chemical Co which is valued at $23,465. Dow Chemical Co makes up approx 0.02% of West Oak Capital’s portfolio.Kistler-tiffany Companies boosted its stake in DOW in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 1,857 shares of Dow Chemical Co which is valued at $91,736. Dow Chemical Co makes up approx 0.05% of Kistler-tiffany Companies’s portfolio.

Dow Chemical Co opened for trading at $52.38 and hit $53.15 on the upside on Wednesday, eventually ending the session at $52.95, with a gain of 1.13% or 0.59 points. The heightened volatility saw the trading volume jump to 49,51,543 shares. Company has a market cap of $59,454 M.

On the company’s financial health, Dow Chemical Co reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.83. The company had revenue of $10703.00 million for the quarter, compared to analysts expectations of $10662.25 million. The company’s revenue was down -13.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on Dow Chemical Co. Dow Chemical Co was Downgraded by Credit Agricole to ” Underperform” on Jul 6, 2016. Dow Chemical Co was Downgraded by JP Morgan to ” Neutral” on Jun 28, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .

The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences Consumer Solutions Infrastructure Solutions Performance Materials & Chemicals and Performance Plastics. The Company serves various industries such as appliance automotive agricultural building and construction chemical processing electronics furniture housewares oil and gas packaging paints coatings and adhesives personal care pharmaceutical processed foods pulp and paper textile and carpet utilities and water treatment.

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