DWDP - DowDuPont Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
30.52
-0.65 (-2.09%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close31.17
Open30.65
Bid0.00 x 800
Ask0.00 x 3100
Day's Range30.16 - 30.68
52 Week Range30.16 - 102.34
Volume16,206,399
Avg. Volume6,965,969
Market Cap68.56B
Beta (3Y Monthly)N/A
PE Ratio (TTM)7.20
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est43.38
Trade prices are not sourced from all markets
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  • Dow Stock Is Just Too Bumpy to Consider Buying Right Now
    InvestorPlace29 days ago

    Dow Stock Is Just Too Bumpy to Consider Buying Right Now

    Dow Inc (NYSE:DOW) is one of the companies formed as a result of the recent split of DowDuPont (NYSE:DWDP) into three separate companies. Since then it has been an interesting few months for Dow stock. Let's review:Source: Roy Luck via Flickr (modified)DowDuPont, one of the world's largest industrial chemical conglomerates, had originally been formed as a result of the merger of Dow Chemical and E.I. du Pont de Nemours that was announced in 2015 and completed in 2017.On April 2, DOW shares started trading on the New York Stock Exchange. The same day, it replaced DowDuPont in the Dow Jones Industrial Average as one of the 30 stocks in the index. It has also been added to the S&P 500.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks Ready to Bounce on a Trade Deal On June 1, DowDuPont further spun Corteva (NYSE:CTVA), which later started trading on NYSE on June 3. The remaining DowDuPont also got listed under the name DuPont (NYSE:DD).Hence it has been a somewhat confusing several weeks for the past owners of DWDP stock. Although the separation of the three companies is now complete on paper, there are likely to be more questions as it all shakes out. Dow is expected to report Q2 earnings on July 25. A Closer look at DOW StockFollowing the three-way spin-off, Dow is now concentrating on its business as a commodities chemical producer. With over 100 manufacturing sites in 31 countries, DOW offers science-based products and solutions for a wide range of customers in packaging, infrastructure and consumer care. It has a market cap of $38 billion.Dow's Q1 earnings released on May 2 showed that net sales decreased 10% year-over-year (YoY) to $10.8 billion. In the quarterly statement, investors paid attention to the results from Dow's three main divisions: * Performance Materials & Coatings (net sales were $2.3 billion, down 2% YoY); * Industrial Intermediates & Infrastructure (net sales were $3.4 billion, down 8% YoY); and * Packaging & Specialty Plastics (net sales were $5.1 billion, down 15% YoY).Performance materials include paints, coatings and silicones; industrials include chemicals, solvents and lubricants; packaging includes food packaging products, specialty polymers and hydrocarbons.The company highlighted that both Industrial Intermediates & Infrastructure and Packaging & Specialty Plastics witnessed margin declines, contributing to the decrease in profits and earnings in the first three months of 2019.In the earnings call, management emphasized the group's commitment to cost savings, which stood at $125 million for the quarter.CEO Jim Fitterling said that following the separation from DowDuPont, Dow is now "well positioned to operate more productively, invest more prudently, grow more profitably and deliver higher returns to shareholders."The Board of Directors also declared a dividend of $0.70 per share to be paid on June 14 to stockholders of record as of May 31. The current dividend yield stands at a respectable 5.5%.The company finally said that it expects some seasonal headwinds, especially regarding increased seasonal maintenance costs. Understanding the DOW Stock Price NowFollowing its listing, Dow initially went up about 10% in three trading days. Yet since then, it has gone down from an intraday high of 60.52 on April 4 to an intraday low of $46.75 on May 31. It is currently hovering around $48.The selling pressure has increased especially after the Q1 earnings report of May 2.Thus over the past two months stock has suffered from a damaging technical picture. Its short-term technical chart still looks weak, and it is pointing to the possibility for more downside around the corner.Although DOW's momentum indicators, which describe the speed at which prices move over a given time period, are currently in oversold territory, they can stay oversold for quite a long time, especially when the overall trend is down.Therefore, more buy signals based on momentum indicators need to be confirmed with further chart analysis before the stock is a buy from a technical standpoint.In short, at this point, bears are in control. Therefore Dow shares will need a catalyst to make them attractive in the eyes of long-term investors, who are possibly still skeptical about the near-term prospects for the company.If you still believe in the bull case for Dow stock, you might consider waiting for a better time to get long, such as around mid $40 levels. The Bottom Line on Dow StockGoing forward, investors would like to see concrete evidence in the results that considerable value can be achieved post-separation. Some questions that remain yet to be answered are the levels of operating margin as well as the free cash flow.Wall Street does not expect Dow to be a high growth company. However, analysts want to see that it will remain a stable cash cow with strong dividends and manageable debt levels.In the next earnings report, investors will also want to get a feel for any potential economic slowdown in the U.S. or globally as they could affect DOW stock's revenues. As a commodity-based business, the group is understandably is prone to earnings declines during economic downturns.Dow also relies on crude oil as a basic resource used in manufacturing. Therefore DOW stock is exposed to price fluctuations in crude, too. Thus management's guidance, especially regarding the global economy and commodity prices, may indeed become quite an important section of the quarterly report.In short, up until and around the Q2 earnings release, there is likely to be further volatility in the price of DOW stock with a downward bias.However, in the long run, the group's strong position in the industry, as well as the robust dividend yield, should support the price of Dow shares.If you are not yet a shareholder of DOW stock, you may want to wait on the sidelines until you have had a chance to analyze the results. If you already own Dow shares, you may consider hedging your position with at-the-money (ATM) covered calls with July 19 expiry.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities.Compare Brokers The post Dow Stock Is Just Too Bumpy to Consider Buying Right Now appeared first on InvestorPlace.

  • Here’s What Hedge Funds Think About DowDuPont Inc. (DWDP)
    Insider Monkeylast month

    Here’s What Hedge Funds Think About DowDuPont Inc. (DWDP)

    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 […]

  • Why Shares of DowDuPont Dropped 20% in May
    Motley Foollast month

    Why Shares of DowDuPont Dropped 20% in May

    The company's brief run as an independent ends on a down note.

  • Barrons.comlast month

    The New DuPont Stock Is a Winner on Wall Street as a Price Target Is Doubled

    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.

  • Here's Why Dow Stock Sank 17.6% in May
    Motley Foollast month

    Here's Why Dow Stock Sank 17.6% in May

    The company reported quarterly results for the first time since separating from DowDuPont.

  • TheStreet.comlast month

    Chemours Promotes CFO Mark Newman to COO, Names New CFO

    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.

  • Barrons.comlast month

    Corteva CEO Jim Collins on Why the DowDuPont Spinoff Isn’t Worried About the Trade War

    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.

  • TheStreet.com2 months ago

    DuPont Jumps on Morgan Stanley Initiation Following Separation

    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.

  • Associated Press2 months ago

    DuPont begins new life after more than 2 centuries

    WILMINGTON, Del. (AP) — It's a new day for one of America's oldest companies.

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  • DowDuPont spins out Corteva, completes 'most complicated action in corporate history’
    American City Business Journals2 months ago

    DowDuPont spins out Corteva, completes 'most complicated action in corporate history’

    "This too shall pass," DowDuPont CEO said of recent economic headwinds from dropping China sales and bad weather in Midwest

  • Barrons.com2 months ago

    DowDuPont’s 3-Way Split Is Finally Wrapping Up. Here’s What You Need to Know.

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  • New Hampshire latest state to sue DuPont, Chemours over PFAS
    American City Business Journals2 months ago

    New Hampshire latest state to sue DuPont, Chemours over PFAS

    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.

  • TheStreet.com2 months ago

    DowDuPont Shares Have Stumbled but Here's Why They Should Recover

    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.

  • MarketWatch2 months ago

    Dow tumbles 200 points at the open as 10-year bond-yield warning flashes red

    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.

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    A Combined Vision: DuPont Performance Building Solutions Spotlight Design Freedom at AIA Conference on Architecture

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  • TheStreet.com2 months ago

    DowDuPont Falls After Saying It Will Book Impairment Charge Up to $1.3 Billion

    A drop in ethanol prices coupled with weak demand for its biomaterial products were major factors in the asset write-down, the company says.

  • MarketWatch2 months ago

    DowDuPont sees goodwill impairment charges of $800 million to $1.3 billion in June quarter

    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%.

  • PR Newswire2 months ago

    Corteva Agriscience™, Agriculture Division of DowDuPont, to Participate in Bernstein's 35th Annual Strategic Decisions Conference

    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 ...

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