Why APD’s Latest Valuations Matter
On June 19, 2017, Air Products and Chemicals (APD) was trading at a one-year forward PE ratio of 22.3x Praxair’s one-year forward PE ratio stood at 22.8x.
On June 16, 2017, APD closed at $145.51, which, considering the company’s current dividend rate, means that its current dividend yield is at 2.54%.
As of June 19, of the 20 analysts actively tracking APD stock, 60% had recommended a “buy,” while 30% of the analysts had recommended a “hold.”
Air Products and Chemicals (APD) is set to pay its third dividend of fiscal 2017. On May 18, 2017, APD announced a quarterly dividend of $0.95 per share.
As of June 16, 2017, Air Products and Chemicals (APD) has had a muted performance since the beginning of fiscal 2017, with a meager 1.2% return.
On June 15, 2017, Eastman Chemical (EMN) announced that Decathlon India had selected EMN’s Tritan for the newly launched Quechua passion sports bottles.
On June 16, PPG Industries (PPG) announced the completion of its 45-million-euro paint and coatings facility in Russia’s Lipetsk region.
On June 15, 2017, Air Products and Chemicals (APD) and Linde North America announced a new joint venture called East Coast Nitrogen.
On June 15, 2017, Dow Chemical (DOW) and DuPont (DD) received approval from the antitrust division of the US Department of Justice.
On June 13, 2017, Celanese (CE) increased the prices of methyl isobutyl carbinol (or MIBC) in Europe.
GRA closed at $70.53 with a fall of 0.2% for the week ended June 16, 2017.
Axalta closed at $33.76 on June 16, 2017, with a rise of 0.5% for the week.
As of June 15, International Flavors & Fragrances traded at a one-year forward PE ratio of 22.60x—marginally lower than Sensient Technologies.
For International Flavors & Fragrances, 33% of the analysts recommended a “buy,” 60% recommended a “hold,” and 7% recommended a “sell.”
As of June 14, International Flavors & Fragrance’s (IFF) dividend yield was 1.9%. The company’s yield is better than its peer Sensient Technologies.
On May 3, International Flavors & Fragrances announced its 2Q17 dividend of $0.64 per share on outstanding shares. It’s expected to be paid on July 7, 2017.
So far in 2017, International Flavors & Fragrances (IFF) has risen 15.90% and outperformed the broader-based SPDR S&P 500 ETF (SPY).
As of June 13, 2017, Dow Chemical (DOW) was trading at a one-year forward PE ratio of 14.70x, compared to 10.9x for Eastman Chemical (EMN).
Since 2012, DOW’s dividend payout has been fluctuating in the range of 28.0%–172.0%, primarily due to variations in its EPS.
As of June 13, 2017, 80.0% of the 20 brokerage firms tracking Dow Chemical (DOW) have recommended a “buy,” and 20.0% have recommended a “hold.”