Reliance Trust Co Of Delaware Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Reliance Trust Co Of Delaware reduced its stake in Dow Chemical Co by 2.79% during the most recent quarter end. The investment management company now holds a total of 38,296 shares of Dow Chemical Co which is valued at $2,044,240 after selling 1,100 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Dow Chemical Co makes up approximately 0.19% of Reliance Trust Co Of Delaware’s portfolio.

Other Hedge Funds, Including , Pennsylvania Trust Co reduced its stake in DOW by selling 1,559 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 178,089 shares of DOW which is valued at $9,506,391. Dow Chemical Co makes up approx 0.78% of Pennsylvania Trust Co’s portfolio.Carl Domino Inc reduced its stake in DOW by selling 1,805 shares or 4.71% in the most recent quarter. The Hedge Fund company now holds 36,530 shares of DOW which is valued at $1,955,086. Dow Chemical Co makes up approx 1.86% of Carl Domino Inc’s portfolio.West Oak Capital boosted its stake in DOW in the latest quarter, The investment management firm added 825 additional shares and now holds a total of 1,300 shares of Dow Chemical Co which is valued at $68,510. Dow Chemical Co makes up approx 0.05% of West Oak Capital’s portfolio.

Dow Chemical Co opened for trading at $53.02 and hit $53.76 on the upside on Friday, eventually ending the session at $53.38, with a gain of 0.89% or 0.47 points. The heightened volatility saw the trading volume jump to 46,53,809 shares. Company has a market cap of $60,150 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. Company shares were Upgraded by UBS on Oct 10, 2016 to ” Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $53 .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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