Canal Capital Management buys $1,142,907 stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Canal Capital Management scooped up 209 additional shares in Dow Chemical Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 21,307 shares of Dow Chemical Co which is valued at $1,142,907.Dow Chemical Co makes up approximately 1.16% of Canal Capital Management’s portfolio.

Other Hedge Funds, Including , Armstrong Shaw Associates Incct boosted its stake in DOW in the latest quarter, The investment management firm added 44,719 additional shares and now holds a total of 163,374 shares of Dow Chemical Co which is valued at $8,763,381. Dow Chemical Co makes up approx 2.14% of Armstrong Shaw Associates Incct’s portfolio.Northpointe Capital reduced its stake in DOW by selling 6,575 shares or 14.9% in the most recent quarter. The Hedge Fund company now holds 37,543 shares of DOW which is valued at $2,013,431. Dow Chemical Co makes up approx 0.23% of Northpointe Capital’s portfolio.Cibc World Markets boosted its stake in DOW in the latest quarter, The investment management firm added 117,530 additional shares and now holds a total of 281,387 shares of Dow Chemical Co which is valued at $14,947,277. Dow Chemical Co makes up approx 0.06% of Cibc World Markets’s portfolio.Farmers Trust Co boosted its stake in DOW in the latest quarter, The investment management firm added 190 additional shares and now holds a total of 20,857 shares of Dow Chemical Co which is valued at $1,107,924. Dow Chemical Co makes up approx 0.35% of Farmers Trust Co’s portfolio.

Dow Chemical Co opened for trading at $52.3 and hit $53.12 on the upside on Monday, eventually ending the session at $52.79, with a gain of 0.88% or 0.46 points. The heightened volatility saw the trading volume jump to 58,50,196 shares. Company has a market cap of $59,485 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. 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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