On December 21, RPM announced that it has entered an agreement to acquire SPS Group.
On December 23, 2016, PPG Industries (PPG) announced that it entered an agreement with Knauf International to sell its Mexico-based Plaka plasterboard and cement board business.
On December 1, 2016, Medtronic (MDT) announced the reimbursement approval and launch of its CoreValve Evolut R System in Japan.
Medtronic’s (MDT) Cardiac & Vascular Group segment is the company’s largest segment, contributing ~35% to its total revenue in fiscal 2Q17.
On November 29, 2016, Medtronic announced the CE Mark approval for its HVAD (Heartware ventricular assist device) left ventricular assist device (or LVAD) for less invasive implant procedures.
Medtronic is one of the major players in the diabetes care device market. It’s been focusing on its diabetes portfolio in recent years, aiming to expand its market share.
Forward price-to-earnings (forward PE) is a relative valuation method that considers a company’s future earnings.
On December 1, 2016, Eastman Chemical (EMN) announced a dividend of $0.51 per share for 4Q16.
As of December 22, 2016, 18 brokerage firms are actively tracking Eastman Chemical (EMN) stock.
In the first nine months of 2016, Eastman Chemical (EMN) reduced its debt. At the beginning of 1Q16, Eastman Chemical’s debt was ~$7.08 billion.
Eastman Chemical’s (EMN) stock performance from November 1 to December 21, 2016, was on par with the broader markets (SPY) with a return of 6.2%.
Trump recently attacked Fed rates and even talked about trying to gain more control over the independent body.
The injectables business of Claris Lifesciences comprises 70.0%–80.0% of its total sales. Claris plans to repatriate about 85.0% of the generated funds to its shareholders.
Claris Injectables’ portfolio is expected to complement Baxter’s leading presence in the renal and hospital products segment.
On December 14, 2016, Air Products and Chemicals (APD) was trading at a one-year forward PE multiple of 22.6x, compared to Praxair’s (PX) one-year forward PE multiple of 20.8x.
Of the 21 brokerage firms that actively track Air Products and Chemicals (APD), ~52% of these analysts recommended a “buy” for the stock, 43% recommended a “hold,” and the remaining 5% recommended a “sell” for the stock.
For fiscal 2016, the dividend payout ratio for Air Products and Chemicals (APD) stood at ~47.6% compared to the dividend payout ratio of ~52.7%.
At the end of Air Products and Chemicals’s (APD) fiscal 2016, the company had gained ~15.5%. In this series, we’ll take a closer look at APD’s dividend announcement, its analyst recommendations, and its most recent valuations.
On December 15, 2016, FMC’s (FMC) board declared a fourth quarter dividend of $0.17 per share. The dividend will be paid on January 19, 2017.
In a strategic move on December 14, DuPont (DD) announced that Hygenia will acquire its global food safety diagnostics business.