Significant Ownership Change: Dow Chemical Company (DOW) Share Value Rose While Chemical Bank Has Decreased Stake

Significant Ownership Change: Dow Chemical Company (DOW) Share Value Rose While Chemical Bank Has Decreased Stake

Chemical Bank decreased its stake in Dow Chemical Company (DOW) by 5.98% based on its latest 2016Q3 regulatory filing with the SEC. Chemical Bank sold 105,092 shares as the company’s stock rose 4.62% with the market. The institutional investor held 1.65M shares of the major chemicals company at the end of 2016Q3, valued at $85.63 million, down from 1.76 million at the end of the previous reported quarter. Chemical Bank who had been investing in Dow Chemical Company for a number of months, seems to be less bullish one the $64.54B market cap company. The stock is up 0.57% or $0.33 hitting $58, despite the negative news. About 195 shares traded hands. Dow Chemical Co (NYSE:DOW) has risen 7.39% since June 7, 2016 and is uptrending. It has underperformed by 0.03% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.34 in 2016 Q3. Its up 0.18, from 1.16 in 2016Q2. The ratio is positive, as 38 funds sold all DOW shares owned while 347 reduced positions. 105 funds bought stakes while 409 increased positions. They now own 737.86 million shares or 0.51% more from 734.11 million shares in 2016Q2. Prudential Public Ltd Company reported 904,987 shares or 0.18% of all its holdings. Centers Of America accumulated 39,997 shares or 0.21% of the stock. Kcg Hldgs has invested 0.06% of its portfolio in Dow Chemical Co (NYSE:DOW). Monetary Management reported 55,700 shares or 1.34% of all its holdings. Moreover, Suntrust Banks has 0.19% invested in Dow Chemical Co (NYSE:DOW) for 578,359 shares. Logan Management owns 338,688 shares or 1.43% of their US portfolio. Ladenburg Thalmann Financial Inc holds 0.09% of its portfolio in Dow Chemical Co (NYSE:DOW) for 121,406 shares. Moreover, Stifel has 0.4% invested in Dow Chemical Co (NYSE:DOW) for 1.74 million shares. Argi Inv Service, a Kentucky-based fund reported 41,955 shares. Moreover, Anchor Bolt Capital Limited Partnership has 0.89% invested in Dow Chemical Co (NYSE:DOW) for 560,868 shares. Benjamin F Edwards & accumulated 5,986 shares or 0.05% of the stock. One Mgmt Lc holds 43,048 shares or 0.73% of its portfolio. Vestor Cap Ltd holds 179,108 shares or 2.54% of its portfolio. Marathon Capital last reported 32,380 shares in the company. Moreover, Integral Derivatives Limited Liability Co has 0.02% invested in Dow Chemical Co (NYSE:DOW) for 15,937 shares.

Analysts await Dow Chemical Co (NYSE:DOW) to report earnings on February, 7. They expect $0.90 earnings per share, down 3.23% or $0.03 from last year’s $0.93 per share. DOW’s profit will be $1.00 billion for 16.11 P/E if the $0.90 EPS becomes a reality. After $0.91 actual earnings per share reported by Dow Chemical Co for the previous quarter, Wall Street now forecasts -1.10% negative EPS growth.

More important recent Dow Chemical Co (NYSE:DOW) news were published by: Reuters.com which released: “Dow Chemical to convert $4 billion of preferred shares into equity” on December 15, 2016, also Forbes.com published article titled: “Ex-Div Reminder for Dow Chemical (DOW)”, Seekingalpha.com published: “Dow Chemical’s Merger Deal: Delayed, But Not Derailed” on December 20, 2016. More interesting news about Dow Chemical Co (NYSE:DOW) was released by: Reuters.com and their article: “Supreme Court rejects Dow over $1 billion tax deduction claim” with publication date: January 09, 2017.

According to Zacks Investment Research, “Dow Chemical Company is a science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. Dow serves customers in countries across the globe and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow seeks to balance economic, environmental and social responsibilities. (Company Press Release)”

Dow Chemical Co (NYSE:DOW) Ratings Coverage

Out of 13 analysts covering The Dow Chemical Company (NYSE:DOW), 8 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 62% are positive. The Dow Chemical Company has been the topic of 35 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, September 4 by Piper Jaffray. Zacks upgraded the stock to “Hold” rating in Monday, August 24 report. The company was upgraded on Friday, July 29 by JP Morgan. Bernstein initiated it with “Outperform” rating and $57 target price in Friday, September 11 report. S&P Research downgraded it to “Hold” rating and $51 target price in Friday, October 23 report. The stock has “Outperform” rating given by RBC Capital Markets on Friday, October 23. The firm has “Neutral” rating by JP Morgan given on Tuesday, June 28. The stock of Dow Chemical Co (NYSE:DOW) earned “Buy” rating by Deutsche Bank on Thursday, August 20. As per Monday, October 3, the company rating was upgraded by Citigroup. The firm has “Buy” rating by Deutsche Bank given on Thursday, December 10.

DOW Company Profile

The Dow Chemical Company (Dow), incorporated June 11, 1947, is a maker and supplier of products used primarily as raw materials in the manufacture of customer services and products across the world. The Firm operates in five divisions: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics. The Firm serves various industries, such as appliance, automotive, agricultural, building and construction, chemical processing, electronics, furniture, housewares, gas and oil, packaging, paints, coatings and adhesives, personal care, pharmaceutical, processed foods, pulp and paper, textile and carpet, utilities and water treatment.

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