Economy

DowDuPont Tweaks Breakup Plan; Stock Set To Break Out To Buy

DowDuPont Tweaks Breakup Plan; Stock Set To Break Out To Buy”

Strs Ohio owned approximately 0.08% of Dow Chemical worth $57,930,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 69.10% of the company's stock. Vanguard Group Inc. now owns 81,191,459 shares of the basic materials company's stock worth $5,158,905,000 after acquiring an additional 5,722,128 shares during the period. Bank of New York Mellon Corp now owns 16,540,923 shares of the basic materials company's stock worth $1,051,010,000 after acquiring an additional 130,524 shares during the period. Mark Sheptoff Financial Planning LLC raised its position in Dow Chemical by 0.3% in the 1st quarter. The firm owned 918,517 shares of the basic materials company's stock after acquiring an additional 77,880 shares during the period. Financial Advisory Service Inc. raised its position in Dow Chemical by 0.4% in the 1st quarter. Glenview Capital Management LLC now owns 11,864,132 shares of the basic materials company's stock worth $753,847,000 after acquiring an additional 3,066,049 shares during the period. FMR LLC boosted its position in shares of Dow Chemical Company (The) by 48.8% in the second quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company's stock valued at $120,000 after acquiring an additional 480 shares during the last quarter.

Over the next 18 months each division will be assigned its own people, assets, systems and licenses in place to operate independently from the parent company. The agriculture-focused spin-out, which will be headquartered in DE and have a global business center at the current Dow AgroSciences LLC HQ in Indianapolis, is not expected to be affected by what the company calls "targeted adjustments".

The merger behind DowDuPont was announced in December 2015, bringing together DuPont, the inventor of Kevlar, which was founded more than 200 years ago, and Dow, a maker of plastics and chemicals that is more than a century old.

Vetr cut shares of Dow Chemical Company (The) (NYSE:DOW) from a hold rating to a sell rating in a research report released on Wednesday. The Dow industrials component has been building a flat base with 67.60 buy point since late July. Jefferies Group LLC reiterated a "buy" rating on shares of Dow Chemical in a research report on Tuesday, August 29th. Finally, Levin Capital Strategies L.P. boosted its position in shares of Dow Chemical Company (The) by 22.2% in the second quarter. Zacks Investment Research downgraded Dow Chemical Company (The) from a hold rating to a sell rating in a research note on Wednesday, January 11th. If you are reading this report on another website, it was copied illegally and republished in violation of US & global copyright & trademark legislation. The correct version of this news story can be read at https://stocknewstimes.com/2017/09/12/dow-chemical-company-the-dow-stake-maintained-by-re-advisers-corp.html. Trian was the investor which first pushed for the Dow Chemical Co. and DuPont merger.



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