Estabrook Capital Management Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Estabrook Capital Management reduced its stake in Dow Chemical Co by 5.98% during the most recent quarter end. The investment management company now holds a total of 283,426 shares of Dow Chemical Co which is valued at $14,831,683 after selling 18,020 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Dow Chemical Co makes up approximately 2.15% of Estabrook Capital Management’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. reduced its stake in DOW by selling 2,138 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 615,660 shares of DOW which is valued at $32,217,488. Dow Chemical Co makes up approx 0.25% of Cornerstone Capital Management Holdings.’s portfolio.Westport Resources Management Inc reduced its stake in DOW by selling 550 shares or 13.21% in the most recent quarter. The Hedge Fund company now holds 3,615 shares of DOW which is valued at $189,173. Dow Chemical Co makes up approx 0.06% of Westport Resources Management Inc’s portfolio.Sequent Asset Management reduced its stake in DOW by selling 140 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 6,672 shares of DOW which is valued at $356,485. Dow Chemical Co makes up approx 0.23% of Sequent Asset Management’s portfolio.Jnba Financial Advisors reduced its stake in DOW by selling 44 shares or 14.19% in the most recent quarter. The Hedge Fund company now holds 266 shares of DOW which is valued at $14,130.

Dow Chemical Co opened for trading at $53.71 and hit $54.41 on the upside on Monday, eventually ending the session at $54.13, with a gain of 0.93% or 0.5 points. The heightened volatility saw the trading volume jump to 50,84,552 shares. Company has a market cap of $60,995 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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