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Stocks That Fell to 3-Year Lows in the Week of Dec. 13

DuPont de Nemours Inc. (NYSE:DD), Franklin Resources Inc. (NYSE:BEN), Cabot Oil & Gas Corp. (NYSE:COG) and Macerich Co. (NYSE:MAC) have declined to their three-year lows.

DuPont de Nemours declined to $64.80

The price of DuPont de Nemours shares declined to $64.80 on Dec. 13, which is only 4.9% above the three-year low of $61.63.

The international chemical company 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.


DuPont De Nemours has a market cap of $48 billion; its shares were traded around $64.80 with a price-earnings ratio of 61.12 and a price-sales ratio of 0.51. The trailing 12-month dividend yield is 3.33%. The forward dividend yield is 1.81%. DuPont had an annual average earnings growth of 2.10% over the past 10 years.

On Dec. 11, DuPont announced it has 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 in January. Financial terms of the agreement were not disclosed.

Franklin Resources declined to $25.99

The price of Franklin Resources shares declined to $25.99 on Dec. 13, which is only 1.6% above the three-year low of $25.57.

Franklin Resources is an international investment management company that provides services to retail, institutional and sovereign wealth clients in over 170 countries. The company had $732 billion in assets under management as of May 31, 2018 and is a component of the S&P 500.

The company has a market cap of $12.94 billion; its shares were traded around $25.99 with a price-earnings ratio of 11.06 and a price-sales ratio of 2.27. The trailing 12-month dividend yield is 3.99%. The forward dividend yield is 4.03%. Franklin Resources 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 in the prior-year quarter.

Cabot Oil & Gas declined to $16.10

The price of Cabot Oil & Gas shares declined to $16.10 on Dec. 13, which is only 3% above the three-year low of $15.61.

Cabot Oil & Gas is an American natural gas company that is focused on both hydrocarbon exploration and production. As of Dec. 31, 2018, the company had 11.605 trillion cubic feet equivalent of proved reserves, all of which was natural gas located in the Marcellus Shale. The company is also a component of the S&P 500.

The company has a market cap of $6.57 billion; its shares were traded around $16.10 with a price-earnings ratio of 8.43 and a price-sales ratio of 2.94. The trailing 12-month dividend yield is 2.18%. The forward dividend yield is 2.48%. Cabot Oil & Gas had an annual average earnings growth of 4.20% over the past decade.

On Nov. 18, Cabot Oil & Gas announced it completed the previously announced divestiture of its 20% ownership interest in Meade Pipeline Co. LLC for approximately $256 million on Nov. 13. Proceeds from the divestiture will allow the company to enhance shareholder value through an ongoing opportunistic share repurchase program.

Macerich declined to $26.05

The price of Macerich shares declined to $26.05 on Dec. 13, which is only 2.0% above the three-year low of $25.53.

Macerich is an American self-managed real estate investment trust. It is the third-largest owner and operator of shopping centers in the U.S. and is a component of the S&P 500. The company owns property across the United States, including in California, Arizona, Washington, Missouri and New York.

Macerich has a market cap of $3.68 billion; its shares were traded around $26.05 with a price-earnings ratio of 45.71 and a price-sales ratio of 3.96. The trailing 12-month dividend yield is 11.52%. The forward dividend yield is 11.32%.

On Dec. 3, Macerich announced it has closed a $540 million loan on Kings Plaza in Brooklyn, New York. The new loan bears a fixed interest rate of 3.62% and will mature on Jan. 1, 2030. The former loan on the plaza from the company totaled $427.4 million, which was repaid at closing.

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.