Huntsman Repays Its Senior Term Loan
On December 4, 2017, Huntsman (HUN) announced that it would pay the remaining $511 million of its Term Loan B due in 2023.
On December 4, 2017, 3M (MMM) in a press release said that it had filed a lawsuit against Kerr Corporation related to its Protect Dental Restorative Technology.
On December 5, 2017, Air Products and Chemicals (APD) announced the beginning of operations of its new plant in the Pukou Economic Development Zone (PKEDZ) in Nanjing in Eastern China.
On December 4, 2017, RPM International (RPM) announced that it has acquired Whink Products via its business group Rust-Oleum.
On December 8, 2017, Ashland (ASH) announced price hikes on a few of its products in the EMEA (Europe, the Middle-East, and Africa) region.
Celanese stock remained flat and closed at $106.54 for the week ended December 8, 2017.
As of December 7, 2017, 24 analysts are actively tracking LyondellBasell (LYB). Among these analysts, 29% recommend a “buy,” while 63% recommend a “hold.”
In the past four years, LyondellBasell’s dividend yield has risen from 2.5% to 3.3%.
LyondellBasell’s (LYB) management declared its 4Q17 dividend on November 15, 2017. LyondellBasell will pay a dividend of $0.90 per share on December 12.
As of December 6, 2017, 3M’s (MMM) one-year forward PE (price-to-earnings) multiple was 24.9x compared to its peer Honeywell International’s (HON) multiple of 19.8x.
Among the 14 analysts covering 3M (MMM) stock, 29% have recommended a “buy, 50% have recommended a “hold,” and 21% have recommended a “sell.”
As of December 6, 2017, 3M’s (MMM) dividend yield is ~2%, the lowest in the past four years.
3M (MMM) will pay its final dividend of 2017 on December 12, 2017, to shareholders of record as of November 24, 2017. The dividend will be $1.18 per share.
As of December 4, 2017, Westlake Chemical’s (WLK) one-year forward PE (price-to-earnings) multiple is 15.10x.
About 71% of the 17 analysts covering Westlake Chemical (WLK) have recommended a “buy” for the stock, and 24% have recommended a “hold.”
WLK’s dividend yield rose between 2013 and 2Q16, but since then it has been on a declining trend.
Westlake Chemical’s (WLK) 4Q17 dividend of $0.21 represents an increase of 10.2% on a year-over-year basis.
This year, as of December 5, 2017, WLK has risen a staggering 75.8%. It has significantly outperformed the broad-based SPDR S&P 500 ETF (SPY) and its peers.
On December 1, Dow Chemical (DWDP) announced the completion of the sale of a portion of Dow AgroSciences corn seed business in Brazil to CITIC Agri Fund.
On November 27 and 28, 2017, W.R. Grace (GRA) signed a spree of new contracts for its Unipol license.