Carnegie Capital Asset Management Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Carnegie Capital Asset Management reduced its stake in Dow Chemical Co by 3.06% during the most recent quarter end. The investment management company now holds a total of 68,222 shares of Dow Chemical Co which is valued at $3,645,101 after selling 2,151 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Dow Chemical Co makes up approximately 0.52% of Carnegie Capital Asset Management’s portfolio.

Other Hedge Funds, Including , Mizuho Trust Banking Ltd. boosted its stake in DOW in the latest quarter, The investment management firm added 8,785 additional shares and now holds a total of 1,752,250 shares of Dow Chemical Co which is valued at $93,622,718. Dow Chemical Co makes up approx 0.28% of Mizuho Trust Banking Ltd.’s portfolio.Kornitzer Capital Management Inc Ks boosted its stake in DOW in the latest quarter, The investment management firm added 8,850 additional shares and now holds a total of 924,241 shares of Dow Chemical Co which is valued at $49,604,014. Dow Chemical Co makes up approx 0.89% of Kornitzer Capital Management Inc Ks’s portfolio.Whittier Trust Co Of Nevada Inc reduced its stake in DOW by selling 1,198 shares or 4.22% in the most recent quarter. The Hedge Fund company now holds 27,187 shares of DOW which is valued at $1,459,126. Dow Chemical Co makes up approx 0.16% of Whittier Trust Co Of Nevada Inc’s portfolio.Barometer Capital Management reduced its stake in DOW by selling 372,600 shares or 94.19% in the most recent quarter. The Hedge Fund company now holds 23,000 shares of DOW which is valued at $1,209,800. Dow Chemical Co makes up approx 0.12% of Barometer Capital Management’s portfolio.Peachtree Investment Advisors reduced its stake in DOW by selling 1,875 shares or 5.69% in the most recent quarter. The Hedge Fund company now holds 31,050 shares of DOW which is valued at $1,589,139. Dow Chemical Co makes up approx 1.58% of Peachtree Investment Advisors’s portfolio.

Dow Chemical Co closed down -0.04 points or -0.07% at $53.6 with 49,94,692 shares getting traded on Monday. Post opening the session at $53.46, the shares hit an intraday low of $53.45 and an intraday high of $53.86 and the price fluctuated in this range throughout the day.Shares ended Monday 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 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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