Dow Chemical Co (DOW) : Opus Investment Management Inc scooped up 6,000 additional shares in Dow Chemical Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 119,000 shares of Dow Chemical Co which is valued at $6,361,740.Dow Chemical Co makes up approximately 1.10% of Opus Investment Management Inc’s portfolio.
Other Hedge Funds, Including , Sta Wealth Management added DOW to its portfolio by purchasing 4,223 company shares during the most recent quarter which is valued at $225,762. Dow Chemical Co makes up approx 0.10% of Sta Wealth Management’s portfolio.New York State Common Retirement Fund boosted its stake in DOW in the latest quarter, The investment management firm added 23,500 additional shares and now holds a total of 2,863,675 shares of Dow Chemical Co which is valued at $153,636,164. Dow Chemical Co makes up approx 0.23% of New York State Common Retirement Fund’s portfolio.Lsv Asset Management reduced its stake in DOW by selling 10,900 shares or 3.87% in the most recent quarter. The Hedge Fund company now holds 270,949 shares of DOW which is valued at $14,536,414. Dow Chemical Co makes up approx 0.03% of Lsv Asset Management’s portfolio.Tnb Financial boosted its stake in DOW in the latest quarter, The investment management firm added 515 additional shares and now holds a total of 11,608 shares of Dow Chemical Co which is valued at $618,242. Dow Chemical Co makes up approx 0.38% of Tnb Financial’s portfolio.Nippon Life Global Investors Americas reduced its stake in DOW by selling 9,630 shares or 4.29% in the most recent quarter. The Hedge Fund company now holds 214,890 shares of DOW which is valued at $11,518,104. Dow Chemical Co makes up approx 1.12% of Nippon Life Global Investors Americas’s portfolio.
Dow Chemical Co closed down -0.13 points or -0.24% at $53.23 with 63,39,720 shares getting traded on Monday. Post opening the session at $53.19, the shares hit an intraday low of $53.01 and an intraday high of $53.48 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 $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.79. The company had revenue of $12483.00 million for the quarter, compared to analysts expectations of $12014.09 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.
Many Wall Street Analysts have commented on Dow Chemical Co. Company shares were Reiterated by RBC Capital Mkts on Oct 28, 2016 to “Top Pick”, Firm has raised the Price Target to $ 68 from a previous price target of $65 .Company shares were Upgraded by UBS on Oct 10, 2016 to ” Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $53 .Dow Chemical Co was Upgraded by Citigroup to ” Buy” on Oct 3, 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.