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Stocks That Fell to 3-Year Lows the Week of Jan. 10

DuPont de Nemours Inc. (NYSE:DD), Simon Property Group Inc. (NYSE:SPG), Franklin Resources Inc. (NYSE:BEN) and Textron Inc. (NYSE:TXT) have declined to their three-year lows.

DuPont de Nemours declined to $59.71

The price of DuPont de Nemours shares declined to $59.71 on Jan. 10, which is only 0.3% above the three-year low of $59.55.

DuPont de Nemours is an American chemical company that was formed by the merger of Dow Chemical and DuPont in 2017. Prior to the spinoff of Dow Inc. and Corteva, the company was the world's largest chemical company in terms of sales. It is a component of the S&P 100.


The company has a market cap of $44.23 billion; its shares were traded around $59.71 with a price-earnings ratio of 56.32 and a price-sales ratio of 0.47. The trailing 12-month dividend yield is 3.60%. The forward dividend yield is 1.97%. DuPont De Nemours had an annual average earnings growth of 2.10% over the past 10 years.

On Dec. 11, DuPont announced that it signed an agreement to acquire Desalitech Ltd., a closed-circuit reverse osmosis company. Desalitech has globally patented and unique process technologies, with standardized design and operated using proprietary software. The company has proven the value of these systems to deliver up to a 90% to 98% water recovery at more than 200 blue-chip customers over the past seven years. The transaction is expected to close this month. Financial terms of the agreement were not disclosed.

Simon Property Group declined to $144.79

The price of Simon Property Group shares declined to $144.79 on Jan. 10, which is only 1.7% above the three-year low of $142.40.

Simon Property Group is an American real estate company that is currently the largest real estate investment trust and the largest shopping mall operator in the United States. The company operates from five retail real estate platforms, including regional malls, premium outlet centers, The Mills, community centers and international properties.

Simon Property Group has a market cap of $44.43 billion; its shares were traded around $144.79 with a price-earnings ratio of 19.43 and a price-sales ratio of 7.75. The trailing 12-month dividend yield is 5.71%. The forward dividend yield is 5.82%. Simon Property Group had an annual average earnings growth of 4.90% over the past 10 years.

On Nov. 13, Simon Property Group announced the completion of new rooftop solar system installments at the Clinton Crossing Premium Outlets, Jersey Shore Premium Outlets and Jackson Premium Outlets. The new installations, totaling more than 50,000 square feet of solar panels across the three properties, were installed by Safari Energy LLC. The solar installations have a combined capacity of 605.6 kilowatts and will produce over 725,000 kilowatt hours of energy annual at the three properties.

Franklin Resources declined to $25.02

The price of Franklin Resources shares declined to $25.02 on Jan. 10, which is only 1.2% above the three-year low of $24.73.

Franklin Resources is an American investment management company that provides services to retail, institutional and sovereign wealth clients in over 170 countries. The company is also a component of the S&P 500.

Franklin Resources has a market cap of $12.49 billion; its shares were traded around $25.02 with a price-earnings ratio of 10.64 and a price-sales ratio of 2.19. The trailing 12-month dividend yield is 4.21%. The forward dividend yield is 4.29%. The company had an annual average earnings growth of 3.70% over the past 10 years.

On Dec. 10, Franklin Resources announced a quarterly cash dividend of 27 cents per common share. The dividend will be payable on Jan. 10 to shareholders of record at the close of business on Dec. 31. The quarterly dividend represents a 4% increase compared to the dividends paid during the prior-year quarter.

Textron declined to $44.29

The price of Textron shares declined to $44.29 on Jan. 10, which is only 4.5% above the three-year low of $42.30.

Textron is an American industrial conglomerate whose subsidiaries operate in the aerospace, automotive and defense industries. The company's subsidiaries include Arctic Cat, Bell Helicopter, Textron Aviation and Lycoming Engines. The company is also a component of the S&P 500.

Textron has a market cap of $10.11 billion; its shares were traded around $44.29 with a price-earnings ratio of 12.11 and a price-sales ratio of 0.80. The trailing 12-month dividend yield is 0.18%. The forward dividend yield is 0.18%. Textron had an annual average earnings growth of 8.10% over the past 10 years.

On Jan. 6, Textron announced that the company is strengthening its Asia Pacific service offerings with the acquisition of Premiair Aviation Maintenance Pty Ltd., an Australian maintenance, repair and overhaul service provider. The company joins Textron to service Beechcraft, Cessna and Hawker products at locations throughout Australia.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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This article first appeared on GuruFocus.