First Mercantile Trust Co Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : First Mercantile Trust Co reduced its stake in Dow Chemical Co by 2.58% during the most recent quarter end. The investment management company now holds a total of 26,400 shares of Dow Chemical Co which is valued at $1,398,936 after selling 700 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Dow Chemical Co makes up approximately 0.19% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in DOW by selling 2,924 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 287,720 shares of DOW which is valued at $15,246,283. Dow Chemical Co makes up approx 0.32% of Exxonmobil Investment Management Inc Tx’s portfolio.Stillwater Investment Management boosted its stake in DOW in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 5,320 shares of Dow Chemical Co which is valued at $280,364. Dow Chemical Co makes up approx 0.15% of Stillwater Investment Management’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in DOW in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 9,950 shares of Dow Chemical Co which is valued at $524,365. Dow Chemical Co makes up approx 0.10% of Franklin Street Advisors Inc Nc’s portfolio.Eqis Capital Management boosted its stake in DOW in the latest quarter, The investment management firm added 5,233 additional shares and now holds a total of 22,814 shares of Dow Chemical Co which is valued at $1,202,298. Dow Chemical Co makes up approx 0.08% of Eqis Capital Management’s portfolio.

Dow Chemical Co closed down -0.6 points or -1.12% at $52.99 with 68,10,064 shares getting traded on Friday. Post opening the session at $53.59, the shares hit an intraday low of $52.79 and an intraday high of $53.73 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Citigroup to ” Buy” on Oct 3, 2016. Dow Chemical Co was Upgraded by JP Morgan to ” Overweight” on Jul 29, 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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