Pettee Investors Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Pettee Investors reduced its stake in Dow Chemical Co by 5.9% during the most recent quarter end. The investment management company now holds a total of 53,867 shares of Dow Chemical Co which is valued at $2.7 Million after selling 3,375 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on May 11, 2016.Dow Chemical Co makes up approximately 2.75% of Pettee Investors’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in DOW in the latest quarter, The investment management firm added 427,596 additional shares and now holds a total of 1,610,029 shares of Dow Chemical Co which is valued at $81.4 Million. Dow Chemical Co makes up approx 0.55% of Teacher Retirement System Of Texas’s portfolio.Qci Asset Management Incny boosted its stake in DOW in the latest quarter, The investment management firm added 845 additional shares and now holds a total of 930 shares of Dow Chemical Co which is valued at $47,012. Dow Chemical Co makes up approx 0.01% of Qci Asset Management Incny’s portfolio.Northern Oak Wealth Management Inc boosted its stake in DOW in the latest quarter, The investment management firm added 10,427 additional shares and now holds a total of 128,362 shares of Dow Chemical Co which is valued at $6.6 Million. Dow Chemical Co makes up approx 1.49% of Northern Oak Wealth Management Inc’s portfolio.Alexandria Capital boosted its stake in DOW in the latest quarter, The investment management firm added 17,176 additional shares and now holds a total of 34,448 shares of Dow Chemical Co which is valued at $1.8 Million. Dow Chemical Co makes up approx 0.33% of Alexandria Capital’s portfolio.Achievement Holdings reduced its stake in DOW by selling 327,800 shares or 83.81% in the most recent quarter. The Hedge Fund company now holds 63,300 shares of DOW which is valued at $3.3 Million. Dow Chemical Co makes up approx 0.43% of Achievement Holdings’s portfolio.

Dow Chemical Co opened for trading at $50.63 and hit $51.63 on the upside on Monday, eventually ending the session at $51.6, with a gain of 2.08% or 1.05 points. The heightened volatility saw the trading volume jump to 51,46,056 shares. Company has a market cap of $57,938 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. 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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