|Bid||0.00 x 800|
|Ask||0.00 x 3100|
|Day's Range||30.16 - 30.68|
|52 Week Range||30.16 - 102.34|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||7.20|
|Forward Dividend & Yield||3.84 (4.19%)|
|1y Target Est||43.38|
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
Seven chemicals analysts from large Wall Street brokerages have relaunched coverage of DuPont in the past few days with most bullish on the stock following its split from DowDuPont.
is promoting its chief operating officer Mark Newman to a newly created position of chief operating officer, said the chemical company Tuesday. As the company's COO, Newman will be responsible for Chemours' Titanium Technologies, Fluoroproducts and Chemical Solutions businesses. Another Chemours' executive, Sameer Ralhan, vice president of business finance and treasurer, will take on the CFO job.
Shares of agricultural input company Corteva stumbled out of the gate on its first day as a new stand-alone company. But Corteva CEO Jim Collins said he isn’t worried.
Analysts at Morgan Stanley are bullish on the newly independent DuPont following its separation from DowDuPont, initiating coverage on the company with an overweight rating and $78 price target. DuPont is now an independent company after DowDuPont completed a three-way split that became official on June 1.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]
"This too shall pass," DowDuPont CEO said of recent economic headwinds from dropping China sales and bad weather in Midwest
With the completion of the DowDuPont split at hand, there are more than a few things to know about one of the most complicated transactions in history.
Another state has filed a lawsuit against regional chemical manufacturers DowDuPont and Chemours over contamination caused by dangerous chemicals. New Hamphire's governor, attorney general and department of environmental services commissioner announced Wednesday they've filed two separate lawsuits against DowDuPont and its spinoff Chemours, along with other manufacturers of PFAS, a family of chemicals used to create products like firefighting foam and Teflon. The complaint comes about two weeks after New Jersey filed its own lawsuit in New Jersey Superior Court against the same group of manufacturers New Hampshire is targeting, which includes Tyco Fire Products LP, based in North Wales, as well as Chemguard Inc., Buckeye Fire Equipment Co., Kidde-Fenwal Inc. and National Foam Inc. The lawsuits allege that the companies produced the chemicals, which are linked to cancers and other serious health issues, knowing they could seep into natural resources and harm residents.
On Wednesday, however, DowDuPont announced it was taking a $800 million to $1.3 billion non-cash write-down, due to slow demand and a weak market for its biomaterials and U.S. bioethanol businesses. In the current second quarter period, the company will spin off Corteva, its agricultural business, set for June 1.
U.S. stock indexes opened firmly lower Wednesday morning as worries about trade tensions and the outlook for global growth sparked buying in assets perceived as havens like government paper, which resulted in the heightened warning signal from a closely watched fixed-income recession warning. The Dow Jones Industrial Average falls 200 points, or 0.8%, at 25,159, the S&P 500 index retreats 0.6% at 2,785, while the Nasdaq Composite Index falls 0.7% at 7,554. Chinese state-media reports underlined the country's scope to userare-earth minerals, used in the production of everyday devices, such as mobile phones, memory chips and rechargeable batteries, as an economic weapon. The spread between the 10-year Treasury note and the 3-month Treasury bill moved further into negative territory, dropping to its lowest since 2007. Such inversions of that measure of the yield curve are viewed as reliable recession indicator. In corporate news, shares of DowDuPont Inc. were in focus, after the materials and chemicals company said Wednesday that it expects to book noncash goodwill impairment charges of $800 million to $1.3 billion, following the 2017 merger of The Dow Chemical Company and E.I. du Pont de Nemours.
DuPont Performance Building Solutions rolls out a new, more robust offering that helps architects build more easily, no matter how and where they choose to build.
A drop in ethanol prices coupled with weak demand for its biomaterial products were major factors in the asset write-down, the company says.
DowDuPont Inc. said Wednesday it expects to book non-cash goodwill impairment charges of $800 million to $1.3 billion in the quarter ending June 30, following the merger of The Dow Chemical Company and E.I. du Pont de Nemours and their subsidiaries and other subsequent transactions to realign the businesses into three groups; agriculture, materials science and specialty products. The company completed the separation of its materials science business into a separate public company on April 1 by by way of a pro rata dividend in-kind of all the then outstanding stock of Dow. It expects to complete the separation of the agriculture business on June 1 through a pro rata dividend in-kind of all the then outstanding stock of Corteva. Following that deal, DowDuPont will hold the specialty products business and will change its name to DuPont de Nemours. The company is still assessing recoverability of goodwill and other assets. Shares were down 0.7% premarket and have fallen 28.4% in the last 12 months, while the S&P 500 has gained 4.2%.
WILMINGTON, Del. , May 29, 2019 /PRNewswire/ -- James C. Collins, Jr. , Chief Executive Officer-elect of Corteva Agriscience, Agriculture Division of DowDuPont (NYSE: DWDP), will present at Bernstein's ...
WILMINGTON, Del., May 29, 2019 /PRNewswire/ -- Ed Breen, Executive Chairman-elect of future DuPont, the premier innovation provider of value-added specialized solutions that transform industries and everyday lives, will present today at Bernstein's 35th Annual Strategic Decisions Conference at 9 a.m. ET in New York. In his presentation, Breen will reaffirm financial guidance for the second quarter and full-year 2019 for the Specialty Products Division of DowDuPont ("DuPont"). This morning DuPont also filed a Form 8-K with the U.S. Securities & Exchange Commission announcing non-cash, pre-tax charges in the approximate range of $800 million - $1,300 million in the second quarter 2019 primarily related to impairment testing of goodwill.
NEW YORK , May 28, 2019 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600: Corteva Inc. (NYSE: CTVA) ...
S&P Dow Jones Indices said late Tuesday that Corteva Inc., an agricultural company being spun off from DowDuPont Inc. , will join the S&P 500 index , replacing Fluor Corp. , in the next week. Fluor, an engineering and construction concern, will move to the S&P MidCap 400 , replacing Realogy Holdings Corp. also in the next week. Realogy, a real estate company, will replace Pioneer Energy Services Corp. in the S&P SmallCap 600 . The Corteva spinoff is expected to be completed on Monday. After it closes, DowDuPont will remain in the S&P 500 & 100 indices, S&P Dow Jones Indices said. The company will change its name to DuPont de Nemours Inc. and its ticker symbol to DD.
High-value mergers among global or domestic business corporations have always attracted attention and spawned case studies as they have interesting implications for business development. A well-executed merger allows for higher returns for investors in the form of higher shareholder value, reduced operational costs for corporations, and increased revenue and sales. Through M&A, companies look for more diversification in their offerings, augmented production capacity, increased market share, and better utilization of operations.
Farming is cyclical, and the agriculture business is uncorrelated with the broader economy. That makes a new agriculture play coming to the stock market all the more intriguing.