Dow Chemical Co (DOW) : Quantres Asset Management Ltd added new position in Dow Chemical Co during the most recent quarter end. The investment management firm now holds 40,700 shares of Dow Chemical Co which is valued at $2,161,984 , the company said in a statement filed on Jul 20, 2016 with the SEC.Dow Chemical Co makes up approximately 1.29% of Quantres Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , Jones Collombin Investment Counsel Inc reduced its stake in DOW by selling 14,040 shares or 6.61% in the most recent quarter. The Hedge Fund company now holds 198,512 shares of DOW which is valued at $10,544,957. Dow Chemical Co makes up approx 3.04% of Jones Collombin Investment Counsel Inc’s portfolio.Firstmerit Bank N A Trustee reduced its stake in DOW by selling 3,459 shares or 4.0% in the most recent quarter. The Hedge Fund company now holds 82,922 shares of DOW which is valued at $4,243,948. Dow Chemical Co makes up approx 0.34% of Firstmerit Bank N A Trustee’s portfolio.Community Trust Investment Co reduced its stake in DOW by selling 5,000 shares or 22.73% in the most recent quarter. The Hedge Fund company now holds 17,000 shares of DOW which is valued at $870,060. Dow Chemical Co makes up approx 0.11% of Community Trust Investment Co’s portfolio.Stillwater Investment Management boosted its stake in DOW in the latest quarter, The investment management firm added 46 additional shares and now holds a total of 5,275 shares of Dow Chemical Co which is valued at $260,585. Dow Chemical Co makes up approx 0.15% of Stillwater Investment Management’s portfolio.Raymond James Trust N.a. boosted its stake in DOW in the latest quarter, The investment management firm added 2,981 additional shares and now holds a total of 52,099 shares of Dow Chemical Co which is valued at $2,573,691. Dow Chemical Co makes up approx 0.22% of Raymond James Trust N.a.’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.