November 24, 2016 - By Peter Erickson · 0 Comments
Dow Chemical Co (NYSE:DOW) institutional sentiment increased to 1.34 in 2016 Q2. Its up 0.13, from 1.21 in 2016Q1. The ratio has increased, as 503 institutional investors increased and opened new holdings, while 415 trimmed and sold stock positions in Dow Chemical Co. The institutional investors in our partner’s database now hold: 743.98 million shares, down from 788.82 million shares in 2016Q1. Also, the number of institutional investors holding Dow Chemical Co in their top 10 holdings decreased from 26 to 20 for a decrease of 6. Sold All: 60 Reduced: 355 Increased: 414 New Position: 89.
The Dow Chemical Company is a maker and supplier of products used primarily as raw materials in the manufacture of customer services and products across the world. The company has a market cap of $61.00 billion.
The stock decreased 0.48% or $0.26 on November 23, hitting $54.07. About 4.87 million shares traded hands. Dow Chemical Co (NYSE:DOW) has risen 2.78% since April 22, 2016 and is uptrending. It has underperformed by 2.63% the S&P500.
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 $1.02 billion for 15.02 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.
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)”
Chemical Bank holds 12.08% of its portfolio in Dow Chemical Co for 1.76 million shares. Third Point Llc owns 20.00 million shares or 9.48% of their US portfolio. Moreover, Quaker Capital Investments Llc has 7.64% invested in the company for 372,750 shares. The Florida-based Fidelity National Financial Inc. has invested 5.02% in the stock. Levin Capital Strategies L.P., a New York-based fund reported 5.36 million shares.#img1#
Ratings analysis reveals 62% of The Dow Chemical Company’s analysts are positive. Out of 13 Wall Street analysts rating The Dow Chemical Company, 8 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $45 while the high is $68. The stock’s average target of $57.58 is 6.49% above today’s ($54.07) share price. DOW was included in 34 notes of analysts from August 20, 2015. The stock of Dow Chemical Co (NYSE:DOW) has “Neutral” rating given on Tuesday, June 28 by JP Morgan. The stock of Dow Chemical Co (NYSE:DOW) earned “Equal-Weight” rating by Barclays Capital on Friday, July 29. The stock has “Buy” rating given by Deutsche Bank on Friday, October 23. The firm earned “Buy” rating on Thursday, August 20 by Deutsche Bank. Deutsche Bank maintained the stock with “Buy” rating in Thursday, December 10 report. The firm has “Outperform” rating given on Friday, September 11 by Bernstein. The rating was downgraded by Citigroup on Friday, January 22 to “Neutral”. Citigroup maintained the stock with “Neutral” rating in Monday, April 18 report. The company was maintained on Friday, September 4 by Piper Jaffray. The stock has “Neutral” rating given by UBS on Tuesday, December 15.
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.
More news for Dow Chemical Co (NYSE:DOW) were recently published by: Fool.com, which released: “Dow Chemical Q3 Earnings Beat Expectations Amid Merger Delays” on October 31, 2016. Bloomberg.com‘s article titled: “Dow-DuPont Said to Expect EU Objections to Merger Next Month” and published on November 15, 2016 is yet another important article.
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By Peter Erickson