31.08 0.00 (0.00%)
After hours: 5:30PM EDT
|Bid||30.84 x 4000|
|Ask||31.16 x 900|
|Day's Range||30.69 - 31.38|
|52 Week Range||30.06 - 48.37|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||22.01|
|Forward Dividend & Yield||1.28 (3.33%)|
|1y Target Est||43.38|
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.
Shares of Sacramento-based S&W; rose almost 18% on the licensing deal that will give it cash to spend on acquisitions.
A Delaware judge has ordered the unsealing of a complaint filed by chemical manufacturer Chemours against the DuPont Co., which spun off Chemours in 2015, and chastised attorneys for the secrecy surrounding the dispute. Chemours then failed to comply with a court rule requiring the filing of a redacted, public version of the complaint within three days. The redacted version of the 64-page complaint — which was filed shortly after The Associated Press pointed out the expiration of the deadline and asked the court to unseal the filing — is almost entirely blacked out.
WILMINGTON, Del., May 23, 2019 /PRNewswire/ -- DowDuPont Inc. (DWDP) announced at today's Special Meeting of Stockholders that its stockholders approved a reverse stock split of the company's common stock. With approximately 2 billion eligible votes cast, stockholders voted approximately 97 percent in favor of the reverse stock split.
Investors in the Dow Jones Industrial Average ETF might wonder what's next for the widely-watched benchmark. Analysts think it's 28,762 in 18 months.
was up nearly 4% on Tuesday after the conglomerate reaffirmed its financial guidance for the second quarter and full year for its specialty products division. The company also said it was planning a $2 billion stock buyback program. Shares of DowDuPont were trading up 3.8% to $32.23 on the New York Stock Exchange as DowDuPont's chief was set to make the two announcements at the Electrical Products Group Conference Tuesday in Florida.
DuPont said on Tuesday it plans to announce a $2 billion share repurchase program after separation from DowDupont on June 1. DowDuPont, formed in 2017 by the $130 billion merger of chemical giants Dow Chemical and DuPont, is now in the process of splitting into three separate business units - Dow, DuPont and Corteva Agriscience. Dow Inc, which makes chemicals used in cosmetics, paints and packaging, was spun off on April 1.
WILMINGTON, Del., May 21, 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 the 2019 Electrical Products Group (EPG) Conference at 10:45 a.m. ET in Coral Gables, FL. In his presentation, Breen will reaffirm financial guidance for the second quarter and full-year 2019 for the Specialty Products Division of DowDuPont. Consistent with the guidance provided on May 2 with DowDuPont's first quarter results, the company reiterates second quarter guidance of down low-single digits for organic net sales and down low-single digits for adjusted operating EBITDA. For the full year, the division expects organic top line growth of 2 to 3 percent and 3 to 5 percent growth for adjusted operating EBITDA.
DowDuPont stock dropped 17% through last week since the company reported earnings. DowDuPont’s performance is an outlier in the industry, too. The reason is more complicated than you might think.
In a market near all-time highs, chemical stocks look like a potential source of value. Shares of top chemical companies still look reasonably cheap, with many priced at a mid-teen -- or lower -- multiples to earnings and free cash flow.That said, there are some reasons why the sector appears cheap. Chemical stocks are notoriously cyclical, even those of the top chemical companies. That goes double for specialty manufacturers with narrow portfolios and/or those exposed to input costs of volatile commodities (among them oil). Earnings in the industry often don't grow in a straight line. Rather, some sort of choppiness is the norm, which dissuades some investors from entering the space at all. * 6 Chinese Stocks That Could Pop On a Trade Deal But there are some attractive stocks to buy in the space. The U.S. economy is strong, with no sign of imminent slowdown.Commodity costs are reasonably stable. And -- again -- valuations are cheap. Here are five chemical stocks to buy that look particularly intriguing, though not always for the same reasons.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chemical Stocks to Buy: DowDuPont (DWDP)Source: Shutterstock DowDuPont (NYSE:DWDP) is one of the top chemical companies in the world. In fact, it's the global leader in sales. And yet DWDP stock doesn't appear to be getting much respect at the moment.DWDP trades at just 14.5x forward earnings, and there is value to be unlocked from the merger between Dow Chemical and DuPont. DWDP is spinning off three companies, leaving a specialty products business to be renamed DuPont.It's possible, if not likely, that the uncertainty around those decisions is holding down the DWDP share price. But the smart money seems to see quite a bit of value in the stock. The average Wall Street target price of $44 suggests about 43% upside, and 46%, including a 3%+ dividend yield, making it a good stock to buy. Chemical Stocks to Buy: Albemarle (ALB)Source: fdecomite via Flickr (Modified)The case for Albemarle (NYSE:ALB) is pretty simple. The world's biggest lithium producer presents a derivative play on the growth of electric vehicles like those produced by Tesla (NASDAQ:TSLA), as Larry Ramer argued earlier this year. Lithium is a key input for EV batteries, and Albemarle should benefit from increasing demand going forward.That case actually has been a negative so far in the past year. ALB stock is down by a third over the last 52 weeks. Analysts have expressed some concerns about potential oversupply, and rival Sociedad Quimica y Minera de Chile (NYSE:SQM) has said it will take Albemarle's No. 1 market share position within four years.Still, the selloff appears overdone. Like DWDP, analysts see big upside at ALB, with the consensus target implying nearly 50% gains. ALB's lithium business is growing in the near term, and it should have years of similar growth ahead, even if SQM does take share. * 6 Chinese Stocks That Could Pop On a Trade Deal Also consider that a forward price-to-earnings ratio of ten suggests its valuation is reasonable at worst, and so does an aggressive $500 million share repurchase program implemented last year. With TSLA stock struggling, Albemarle looks like a more reasonable, and potentially more attractive, play on the growth of electric vehicles, making it an attractive stock to buy. Chemical Stocks to Buy: W.R. Grace (GRA)Source: Shutterstock W.R. Grace (NYSE:GRA) has basically stalled out for the past few years. The company's spin-off and combination with Sealed Air (NYSE:SEE) hasn't helped the stock. Nor has solid growth, and a steady drumbeat of strong earnings reports (Grace has beat consensus on the top- and bottom-lines for seven straight quarters).At this point, though, that's not necessarily a bad thing. GRA always looked like one of the top chemical companies, but with a stock that traded at a questionable price … that's no longer the case. The forward P/E multiple has dropped below 15x, mostly in line with the sector.The company's exposure to gasoline, through its FCC (fluid catalytic cracking) business, does raise a risk, particularly for investors betting on exponential growth in electric vehicles. But GRA is well-managed, cheap and as I wrote in July 2018, an oft-cited takeover target. The past few years have been disappointing for GRA shareholders, but the next few might be much better. Chemical Stocks to Buy: H.B. Fuller (FUL)Source: Shutterstock H.B. Fuller (NYSE:FUL) already has had a nice run. Shares have risen about 30% from 2015 lows. But there's reason to see more upside ahead.Fuller is one of the leaders in the global adhesives market, competing with 3M and Germany's Henkel (OTCMKTS:HENKY), along with a myriad of smaller producers. Its 2017 acquisition of Royal Adhesives added to its scale and market share, while also boosting profits by nearly 50%.Management has set aggressive growth targets for 2020, backed by acquisition synergies, cost-cutting and a shift-toward higher-growth, value-added products. If Fuller can get to those targets -- or close -- there's easily double-digit annual returns on the way. * 6 Chinese Stocks That Could Pop On a Trade Deal Longer-term, the adhesives business is an attractive one. It's less cyclical than many other chemical end markets, and one where Fuller can continue to build and acquire market share to drive growth. At ~11x EBITDA and ~17x earnings, not all of Fuller's potential looks priced in. Chemical Stocks to Buy: Tronox (TROX)Source: Shutterstock Tronox (NYSE:TROX) is a stock only for investors with high tolerance for risk, as proven by the stock's multi-year chart. TROX traded above $35 in 2012; it was below $5 at the beginning of 2016. From there, the stock ran to $27, and now it trades below $11.A key reason is the company's reliance on titanium dioxide (TiO2) pigment, used in paints, plastics and other applications. TiO2 prices are notoriously volatile, which leads to swings in TROX earnings. Add on a reasonable amount of debt, steady M&A activity (including the sale of a business last year and the pending acquisition of another at the moment) and mining activity, and the volatility in TROX stock makes some sense.But it may also provide an opportunity. TROX trades at just five times next year's earnings-per-share estimates (though investors can't count 100% on the accuracy of any projections in such a fluid market).Again, this is not a stock for the faint of heart. It's a high-risk, high-reward play. But at a cheaper price, and with more certainty coming at some point in the next twelve months, there is a path for TROX stock to rebound nicely.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 5 Top Chemical Stocks to Buy appeared first on InvestorPlace.
Moody's Investors Service ("Moody's") assigned Baa2 ratings to unsecured notes to be issued by The Dow Chemical Company. "Dow is taking advantage of relatively low interest rates to refinance its term loan and other near-term maturities," stated John Rogers, Senior Vice President at Moody's and lead analyst on Dow.
DowDuPont’s agricultural business, due to be separated on June 1, acknowledges times have been tough in farming lately, but it sees better days ahead. How Corteva stock might trade remains a mystery.
FrontFour Capital Group was launched back in 2006 as an employee owned hedge fund sponsor. It mainly provides its services to pooled investment vehicles and utilizes an event-driven and opportunistic strategy. The fund's headquarters are in Greenwich, Connecticut and currently is run by David Lorber, Stephen Loukas, and Zachary George. Mr. David A.Lorber, one of […]
WILMINGTON, Del. , May 16, 2019 /PRNewswire/ -- DowDuPont announces that the board of directors of its subsidiary, E. I. du Pont de Nemours and Company, declared regular quarterly dividends of $1.12 -1/2 ...
WILMINGTON, Del., May 15, 2019 /PRNewswire/ -- DowDuPont (DWDP) today announced that Nicholas C. (Nick) Fanandakis will retire as Executive Vice President effective July 31. Mr. Fanandakis is a 40-year DuPont veteran, who served as the company's CFO through 2017, when E.I. du Pont de Nemours and Company merged with The Dow Chemical Company.
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.
WILMINGTON, Del., May 14, 2019 /PRNewswire/ -- DuPont today announced a new, comprehensive parental leave policy that offers four weeks of paid leave for new parents, including adoptive and same-sex parents. For birth mothers, the four paid weeks are in addition to an enhanced paid maternity leave which has been extended to 12 weeks. The policy applies new global minimum leave benefits, ensuring all employees receive at least these levels.
WILMINGTON, Del. , May 14, 2019 /PRNewswire/ -- James C. Collins, Jr. , Chief Executive Officer-elect of Corteva Agriscience, Agriculture Division of DowDuPont (NYSE: DWDP), will present at the BMO Capital ...
Corteva, the agricultural business of (DWDP) that will begin trading on stock exchanges in a few days, has already won over at least one Wall Street analyst. Nomura analyst Aleksey Yefremov thinks Corteva management did a good job explaining the company’s pathway to higher profits in coming years. The era of the chemical megacompany DowDuPont (ticker: DWDP) is nearly at an end.