Columbia Asset Management Has Lowered Dow Chemical Company (DOW) Position By $1.52 …


June 19, 2017 – By Peter Erickson

The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The company has market cap of $9.00 billion. The Firm operates through two divisions: Coatings and Paints. It currently has negative earnings. The Coatings segment includes its industrial product lines and packaging product line.

Columbia Asset Management decreased Dow Chemical Company (DOW) stake by 13.3% reported in 2016Q4 SEC filing. Columbia Asset Management sold 26,717 shares as Dow Chemical Company (DOW)’s stock rose 0.05%. The Columbia Asset Management holds 174,218 shares with $9.97 million value, down from 200,935 last quarter. Dow Chemical Company now has $79.02 billion valuation. The stock increased 0.45% or $0.29 on June 16, reaching $64.39. About shares traded. Dow Chemical Co (NYSE:DOW) has risen 20.72% since June 19, 2016 and is uptrending. It has outperformed by 4.02% the S&P500.

Among 15 analysts covering The Dow Chemical Company (NYSE:DOW), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. The Dow Chemical Company had 39 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Monday, December 14 with “Hold”. The stock has “Hold” rating by Erste Group on Wednesday, April 26. The firm earned “Buy” rating on Monday, May 1 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, December 10 by Deutsche Bank. The firm has “Top Pick” rating given on Friday, October 28 by RBC Capital Markets. Barclays Capital maintained Dow Chemical Co (NYSE:DOW) rating on Monday, May 2. Barclays Capital has “Equal Weight” rating and $55 target. The stock of Dow Chemical Co (NYSE:DOW) earned “Hold” rating by S&P Research on Friday, October 23. On Thursday, March 24 the stock rating was reinitiated by Credit Suisse with “Outperform”. The stock has “Buy” rating by Zacks on Friday, August 14. Barclays Capital initiated Dow Chemical Co (NYSE:DOW) rating on Wednesday, November 4. Barclays Capital has “Equal-Weight” rating and $56 target.

Investors sentiment increased to 1.52 in 2016 Q4. Its up 0.18, from 1.34 in 2016Q3. It increased, as 53 investors sold DOW shares while 333 reduced holdings. 128 funds opened positions while 459 raised stakes. 790.77 million shares or 7.17% more from 737.86 million shares in 2016Q3 were reported. Boston Prtn reported 0.75% in Dow Chemical Co (NYSE:DOW). Tcw Gp reported 1.99 million shares stake. Summit Securities Gru Ltd Liability accumulated 0.14% or 11,000 shares. Fort Washington Invest Advsr Oh stated it has 0.13% of its portfolio in Dow Chemical Co (NYSE:DOW). Monetary Gp stated it has 63,845 shares or 1.69% of all its holdings. Wall Street Access Asset Ltd Liability reported 0.24% of its portfolio in Dow Chemical Co (NYSE:DOW). Fifth Third National Bank & Trust invested 0.03% of its portfolio in Dow Chemical Co (NYSE:DOW). Moreover, Cornerstone Advsrs has 0.15% invested in Dow Chemical Co (NYSE:DOW) for 3,176 shares. Oakbrook Invests Lc owns 59,095 shares for 0.22% of their portfolio. The New Jersey-based Mercer Capital Advisers has invested 2.36% in Dow Chemical Co (NYSE:DOW). 1St Source Bank & Trust accumulated 96,331 shares or 0.52% of the stock. Forbes J M Ltd Liability Partnership invested in 9,107 shares or 0.14% of the stock. Wexford Capital LP has 142,387 shares for 0.83% of their portfolio. British Columbia Inv owns 538,356 shares. Meeder Asset Mngmt Incorporated accumulated 0.03% or 5,139 shares.

Analysts await Dow Chemical Co (NYSE:DOW) to report earnings on July, 27. They expect $1.04 earnings per share, up 9.47% or $0.09 from last year’s $0.95 per share. DOW’s profit will be $1.28B for 15.48 P/E if the $1.04 EPS becomes a reality. After $1.04 actual earnings per share reported by Dow Chemical Co for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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Source: Google Alert- Chemical Manufacturing