Lynch Associatesin buys $3,398,992 stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Lynch Associatesin scooped up 1,460 additional shares in Dow Chemical Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 64,497 shares of Dow Chemical Co which is valued at $3,398,992.Dow Chemical Co makes up approximately 1.50% of Lynch Associatesin’s portfolio.

Other Hedge Funds, Including , Kempner Capital Management reduced its stake in DOW by selling 5,500 shares or 4.23% in the most recent quarter. The Hedge Fund company now holds 124,494 shares of DOW which is valued at $6,560,834. Dow Chemical Co makes up approx 4.50% of Kempner Capital Management’s portfolio.

Dow Chemical Co closed down -0.56 points or -1.07% at $51.86 with 68,84,016 shares getting traded on Tuesday. Post opening the session at $52.47, the shares hit an intraday low of $51.735 and an intraday high of $52.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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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