Loudon Investment Management Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Loudon Investment Management reduced its stake in Dow Chemical Co by 1.3% during the most recent quarter end. The investment management company now holds a total of 131,755 shares of Dow Chemical Co which is valued at $6,931,631 after selling 1,729 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Dow Chemical Co makes up approximately 5.58% of Loudon Investment Management’s portfolio.

Dow Chemical Co opened for trading at $52.88 and hit $52.96 on the upside on Monday, eventually ending the session at $52.65, with a gain of 0.08% or 0.04 points. The heightened volatility saw the trading volume jump to 1,09,37,262 shares. Company has a market cap of $59,117 M.

Other Hedge Funds, Including , Wealthtrust-arizona reduced its stake in DOW by selling 7 shares or 12.07% in the most recent quarter. The Hedge Fund company now holds 51 shares of DOW which is valued at $2,683.Global Thematic Partners reduced its stake in DOW by selling 323,803 shares or 10.97% in the most recent quarter. The Hedge Fund company now holds 2,629,189 shares of DOW which is valued at $138,321,633. Dow Chemical Co makes up approx 2.88% of Global Thematic Partners’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in DOW in the latest quarter, The investment management firm added 1,777,067 additional shares and now holds a total of 2,026,530 shares of Dow Chemical Co which is valued at $106,615,743. Dow Chemical Co makes up approx 0.44% of Bnp Paribas Arbitrage Sa’s portfolio. Integral Derivatives sold out all of its stake in DOW during the most recent quarter. The investment firm sold 93,008 shares of DOW which is valued $4,870,829.

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. 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 .Company shares were Reiterated by Jefferies on May 2, 2016 to “Hold”, Firm has raised the Price Target to $ 58 from a previous price target of $54 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $62 .

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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