Essex Financial Services Inc. Decreases Stake in Dow Chemical Company (The) (DOW)

Xavier Trudeau
Août 13, 2017

Peoples Financial Services CORP. decreased its stake in shares of Dow Chemical Company (The) (NYSE:DOW) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission.

In other news, insider Mark K. Cox sold 1,400 shares of the company's stock in a transaction that occurred on Thursday, August 3rd. Palladium Partners LLC's holdings in Dow Chemical Company (The) were worth $1,145,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. West Oak Capital LLC now owns 1,679 shares of the basic materials company's stock valued at $107,000 after buying an additional 379 shares in the last quarter. Finally, Bienville Capital Management LLC raised its stake in shares of Dow Chemical Company (The) by 0.6% in the first quarter. Capital Management Corp VA boosted its position in shares of Dow Chemical Company (The) by 0.3% in the first quarter. Twin Capital Management Inc. now owns 179,333 shares of the basic materials company's stock valued at $11,395,000 after buying an additional 15,823 shares in the last quarter. Pathstone Family Office LLC acquired a new position in Eastman Chemical during the first quarter valued at $158,000. Pennsylvania Trust Co now owns 2,840 shares of the basic materials company's stock valued at $239,000 after buying an additional 300 shares during the period. Level Four Advisory Services LLC now owns 23,830 shares of the basic materials company's stock valued at $1,514,000 after buying an additional 13,959 shares in the last quarter.

Dow Chemical Company (NYSE:DOW) traded up 0.24% on Friday, reaching $63.26. The company had a trading volume of 4,990,267 shares. The company has a 50-day moving average of $64.62 and a 200-day moving average of $63.06. Dow Chemical Company has a 52-week low of $51.57 and a 52-week high of $67.50.

Dow Chemical Company (The) (NYSE:DOW) last released its earnings results on Thursday, July 27th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.89 by $0.09. Dow Chemical Company (The) had a net profit margin of 5.83% and a ROE of 17.08%. the business reported sales of $13.83 B for the period end, compared to analysts' anticipations of $13.60 B. for the same period in the previous fiscal year, the business reported $0.95 Earnings Per Share. The firm's quarterly revenue was up 15.7% compared to the same quarter a year ago. During the same period in the prior year, the firm earned $0.95 EPS. On average, analysts predict that Eastman Chemical will post $7.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, September 14th. Eastman Chemical's dividend payout ratio is presently 32.28%.

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Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Dow Chemical Company (The) from a "buy" rating to a "hold" rating in a research note on Thursday, April 20th. Credit Suisse Group fixed a $66.00 price objective on the stock of Dow Chemical Company (The) and issued the company a "buy" recommendation in a analysis report on Sunday, Apr 30th. Citigroup Inc. upped their target price on Eastman Chemical from $81.00 to $89.00 and gave the company a "neutral" rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered shares of Dow Chemical Company (The) from a "hold" rating to a "sell" rating in a report on Tuesday, July 4th. Zacks Investment Research raised shares of Dow Chemical Company (The) from a "hold" rating to a "buy" rating and set a $68.00 price objective on the stock in a research note on Tuesday, April 18th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Guardian Life Insurance of America added additional shares of Dow Chemical Company (The) by 0.3% in the Q1. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The stock was sold at an average price of $79.88, for a total value of $319,520.00. The company has an average rating of "Buy" and an average price target of $89.89. Following the completion of the sale, the director now directly owns 15,693 shares of the company's stock, valued at approximately $1,253,556.84. The disclosure for this sale can be found here.

Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.

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