Two Sigma Investments Lp Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Two Sigma Investments Lp reduced its stake in Dow Chemical Co by 3.81% during the most recent quarter end. The investment management company now holds a total of 3,480,002 shares of Dow Chemical Co which is valued at $182,108,505 after selling 137,820 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Dow Chemical Co makes up approximately 0.84% of Two Sigma Investments Lp’s portfolio.

Other Hedge Funds, Including , Sir Capital Management added DOW to its portfolio by purchasing 134,242 company shares during the most recent quarter which is valued at $7,024,884. Dow Chemical Co makes up approx 1.00% of Sir Capital Management’s portfolio.Oppenheimer Co Inc reduced its stake in DOW by selling 14,766 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 311,739 shares of DOW which is valued at $16,721,680. Dow Chemical Co makes up approx 0.48% of Oppenheimer Co Inc’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in DOW in the latest quarter, The investment management firm added 240,352 additional shares and now holds a total of 1,609,225 shares of Dow Chemical Co which is valued at $86,318,829. Dow Chemical Co makes up approx 0.26% of State Board Of Administration Of Florida Retirement System’s portfolio.

Dow Chemical Co opened for trading at $53.74 and hit $54.055 on the upside on Thursday, eventually ending the session at $53.8, with a gain of 0.30% or 0.16 points. The heightened volatility saw the trading volume jump to 36,94,862 shares. Company has a market cap of $60,623 M.

On the company’s financial health, Dow Chemical Co reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.86. The company had revenue of $11952.00 million for the quarter, compared to analysts expectations of $11226.05 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.91 EPS.

Many Wall Street Analysts have commented on Dow Chemical Co. Dow Chemical Co was Upgraded by JP Morgan to ” Overweight” on Jul 29, 2016. 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.

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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