Peter Neil

On November 27 and 28, 2017, W.R. Grace (GRA) signed a spree of new contracts for its Unipol license.

LyondellBasell (LYB) reported adjusted EPS (earnings per share) of $2.31 in 3Q16 compared to $2.80 in 3Q15, implying a fall of 17.5%.

In this series, we’ll take a look at the performances of a few top chemical companies and how the policies of Trump and Clinton could impact those companies.

Axalta Coating Systems (AXTA) reported adjusted EPS (earnings per share) of $0.29 for 4Q16 and managed to meet analysts’ expectation of $0.29.

As of January 20, 2017, Wall Street analysts expect Honeywell (HON) to post adjusted EPS (earnings per share) of $1.74 in 4Q16.

On August 29, 2016, Sadara Chemical (SADARA), a joint venture of Dow Chemical (DOW), and Saudi Aramco announced the start-up of its mixed feed cracker.

With DuPont stock continuing to rise, it’s trading 8.1% above its 100-day moving average of $72.10. The movement indicates the stock’s upward trend.

3M (MMM) is expected to post earnings per share (or EPS) of $2.01 in 4Q17, an increase of 6.9% over 4Q16.

Pfizer recently rose by 2.7% on revenues of $13 billion for 1Q16, as compared to $10.9 billion in 1Q15, which represents a growth of 20% YoY.

On September 12, 3M will pay a dividend of ~$1.18 per share. Investors holding the stock on or before the record date of August 25, 2017, are eligible.

The analyst consensus target price for LyondellBasell is $116.82, implying a return potential of 8.5% over the closing price of $107.68 as of April 20, 2018.

In 2Q16, PPG Industries’ Glass segment contributed ~7% of total revenue, reporting revenue of $282 million in 2Q16, as compared to $279 million in 2Q15.

Express Scripts Holdings rose 0.4%. The company was in the news on November 10 when it announced that it would remove Linden Care Pharmacy from its network.

Honeywell (HON) is announcing its 4Q16 earnings on January 27, 2017.

On June 6, 2016, Celldex Therapeutics (CLDX) was one of the top gainers in the small-cap segment of IBB. CLDX stock rose after the company announced its Phase 2 melanoma data.

Allergan (AGN) reported its 4Q15 earnings on February 22, 2016. It reported net revenue of $4.2 billion for 4Q15, an increase of 74% compared to $2.4 billion in 4Q14.

On May 24, 2017, LyondellBasell’s (LYB) board authorized a new share repurchase program. It can repurchase up to 10% of its outstanding shares over the next 18 months.

Amgen closed at $157.60 and was trading above its 50- and 100-day moving averages. The stock also witnessed a rise in trading volumes.

Honeywell’s (HON) Performance Materials and Technologies (or PMT) segment accounted for 22.2% of HON’s total revenue in 2Q17.

The rise in 3M’s revenue was primarily driven by better-than-expected organic growth across all segments, with the exception of the Consumer segment.

Year-to-date, Ziopharm has a return of -12.5%. Ziopharm has a book value of $0.72. With its current price, the stock is trading at a PBV ratio of 10.1x.

Alexion Pharmaceuticals (ALXN) gained 2.5% on December 10, 2015. The stock went up after the FDA (Food and Drug Administration) approved its drug, Kanuma.

Honeywell signed an agreement with VietJet Air to supply 98 auxiliary power units to its fleet of 135 Airbus A320s. The deal was valued at $100 million, which includes maintenance services for 12 years.

Regeneron Pharmaceuticals (REGN) rose 9.3% during the week ending April 1, 2016.

Adeptus Health (ADPT) rose by 3.6% on November 10, 2015. The stock rose following its announcement that it had officially opened its first Texas hospital.

Praxair has entered into a long-term agreement to supply oxygen for Fulcrum BioEnergy’s Sierra BioFuels Plant in Storey County, Nevada.

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.

Chimerix closed at $6.62, and its market-cap fell from $1.6 billion to $305 million on December 28, 2015.

On June 11, Ashland (ASH) announced the price increase for 1-4 butanediol and several derivative products.

On May 23, the Dow Jones Industrial Average remained unchanged while the SPDR S&P 500 ETF (SPY) went down by 0.1%. The SPDR S&P 500 ETF rose by 0.75 YTD.

Inovalon closed at $18.26 and was trading below 20-, 50-, and 100-day moving averages.

On March 12, PPG Industries (PPG) announced the launch of its Powercron 160 electrocoat in North America.

Alnylam Pharmaceuticals (ALNY) was one of the most underperforming biotech stocks for the week ended June 10, 2016. It fell 10% due to profit booking.

On December 23, 2015, Seattle Genetics and Bristol-Myers Squibb announced the initiation of Phase 1 and 2 clinical trials of ADCETRIS.

On March 14, 2018, LyondellBasell (LYB) and Suez announced the completion of the Quality Circular Polymers (QCP) acquisition.

Due to continued weakness in the market, PPG Industries stock fell 3.0% and closed at $100.14 for the week ending December 14.

Biogen’s (BIIB) R&D expenses for 4Q15 were $542 million, or 19% of its total revenue, including a $60 million payment to Mitsubishi Tanabe.

Last week, Innovative Industrial Properties (IIPR) offered $125 million in senior notes, giving initial investors the option to exercise $18.75 million in additional principal amount notes.

On December 5, LyondellBasell announced that it had granted Spherizone licenses to China Petroleum Materials and PetroChina Liaoyang Petrochemical.

Dow Chemical’s (COW) Performance Plastics segment is the company’s largest revenue generator.

Five Prime Therapeutics is a clinical-stage biotechnology company focused on discovering and developing protein therapeutics for cancer and inflammatory diseases.

On December 9, Praxair was trading at a one-year forward PE ratio of 21.0x, as compared to Air Products and Chemicals’ one-year forward PE ratio of 22.9x.

In a press release on February 14, Eastman Chemical declared a dividend of $0.62.

On July 12, 2017, Air Products and Chemicals (APD) launched a new oxy-fuel burner. The product is primarily targeted at glass manufacturers.

Dow Chemical (DOW) is set to report its 3Q16 earnings in a conference call with securities analysts on Thursday, October 27, 2016, before the markets open.

3M’s (MMM) Electronics and Energy segment is the company’s fourth-largest revenue contributor, with a revenue share of ~15.8% in 1Q17.

In a press release of November 21, Axalta (AXTA) announced that Michael Finn, the company’s general counsel, stepped down.

RPM International’s adjusted earnings estimates As of December 20, 2017, analysts expect RPM International (RPM) to report adjusted EPS (earnings per share) of $0.59 in fiscal 2Q18—an increase of approximately 13.5% YoY (year-over-year). In fiscal 2Q17, RPM International reported adjusted EPS of $0.59. The projected EPS increase is expected to be driven by positive foreign currency translation […]

Baxalta (BXLT) rose by 6.2% for the week ending October 16, 2015. The stock rose as it received the Health Canada Approval for OBIZUR.

The latest short interest report on September 15 indicated that Sherwin-Williams’s (SHW) short interest reached a one-month high.

On August 16, 2016, both companies were engaged in preliminary merger talks, but on September 12, merger plans were dropped due to strategic considerations.

Honeywell (HON) is expected to post adjusted EPS of $2.01 in Q2 2018, implying an increase of 11.7% YoY.

On October 25, Eastman Chemical (EMN) announced its third-quarter earnings results. EMN reported adjusted EPS of $2.34.

Praxair’s (PX) European segment contributed 14.5% of its total revenue in Q2 2018, compared with 13.5% in Q2 2017.

The Electronics and Energy segment is 3M’s fourth-largest revenue contributor. It reported revenue of $1.21 billion in 4Q16, representing a 1% fall.

Community Health Systems (CYH) fell by 35.3% on October 22, 2015, the biggest fall of the day in the iShares US Healthcare Providers ETF’s portfolio.

By market cap size, Incyte (INCY) is among the top ten holdings of the SPDR S&P Biotech ETF (XBI). Incyte has a weight of 1.22% in XBI’s portfolio.

At present, Honeywell stock is trading at a premium compared to peer United Technologies after HON declared strong 4Q16 and full-year earnings on January 27, 2017.

On January 18, 2017, DuPont was trading at a one-year forward PE of 19.80x compared to its peers Dow Chemical (DOW) and LyondellBasell (LYB).

3M’s (MMM) Consumer segment reported operating income of $291.0 million in the third quarter compared to $311.0 million in the third quarter of 2017.

At the end of the second quarter, International Flavors and Fragrances (IFF) reported a debt of $1.72 billion.

At the end of 3Q16, DOW had purchased 7.8 million shares amounting to $416 million under its $9.5 billion share repurchase program.

Praxair (PX) stock had a decent performance in November, closing at $120.3, which reflects a gain of ~3.7% in one month.

On September 12, Dow Chemical, part of DowDuPont (DWDP), announced debottlenecking and capacity expansion plans in its silicones business.

DowDuPont (DWDP) reported Q3 2018 revenues of $20.12 billion, an increase of 10.0% over its pro forma revenues of $18.29 billion in Q3 2017.

PPG Industries (PPG) announced that its PPG COMEX division opened a new distribution center in Guadalajara, Mexico.

On May 28, Eastman Chemical stock fell 1.3% and closed at $67.89. On a year-to-date basis, the stock has fallen 6.1%.

Eastman Chemical (EMN) completed the debottlenecking of its diethylhydroxylamine unit in St. Gabriel, Louisiana. The plant’s capacity is expected to increase 15%–20%. The company’s monopoly will likely continue.

In a press release on April 17, Stanley Black & Decker (SWK) announced the key dates and rate for its second-quarter dividend.

As of May 31, Stanley Black & Decker’s (SWK) dividend yield stood at 2.07%.

Since the beginning of 2019, Honeywell (HON) stock has remained positive. On a year-to-date basis, Honeywell has gained ~26%.

On a year-to-date basis, Honeywell has gained 28.6%. The stock has managed to outperform the S&P 500, which has gained 14.0%.

3M (MMM) announced its first-quarter earnings on April 25.

Among the analysts tracking 3M, 32% recommended a “buy,” 47% recommended a “hold,” and 21% recommended a “sell.”

Analysts expect PPG Industries (PPG) to post revenues of $3.68 billion in its first-quarter earnings release.

In a press release on March 27, PPG Industries (PPG) said that it would announce its first-quarter earnings on April 18 before the market opens.

In a press release on April 8, PPG Industries announced that it has appointed Devashish Saxena as its new vice president and chief digital officer.

In a press release on April 8, Celanese (CE) announced changes in its top leadership. Lori Ryerkerk will succeed Rohr as the company’s CEO.

In a press on April 3, A. Schulman declared a quarterly dividend of $15.00 per share for the holders of its convertible special stock.

In a press release on April 3, PPG Industries (PPG) said that it has increased the prices of its automotive refinish products in China.

As of March 28, Air Products and Chemicals has gained 18.8% in 2019. Air Products and Chemicals has outperformed the S&P 500 ETF (SPY).

As of March 28, Air Products and Chemicals’ dividend yield was 2.45%—30 basis points less than the fourth-quarter dividend yield of 2.75%.

Air Products and Chemicals has declared a dividend of $1.16 per share, which represents an increase of ~5.5% on a YoY (year-over-year) basis.

In a press release on March 19, PPG Industries (PPG) announced that it appointed Emily Elizer as the director of government affairs.

On March 22, J.P. Morgan (JPM) downgraded PPG Industries’ (PPG) rating to “underweight” from “neutral.”

For Eastman Chemical, 61% of the analysts recommended a “buy,” while 39% recommended a “hold.” None of the analysts recommended a “sell.”

In a press release on March 21, Eastman Chemical (EMN) announced that Tritan will collaborate with Skullcandy.

In a press release on March 20, Celanese (CE) announced a price increase on several acetyl intermediate products.

In a press release on March 18, Dow announced that it had confirmed the adoption of its stock repurchase plan.

In a press release on March 13, Celanese (CE) announced that it would increase the price of its ATEVA EVA polymers.

At the close of market on March 14, Albemarle (ALB), one of the biggest lithium producers, had a dividend yield of ~1.75%.

For the first quarter of 2019, Albemarle has declared a quarterly dividend of $0.3675 per share.

In a press release today, DowDuPont said that it added two additional members to the future board of directors of Corteva Agriscience, DowDuPont’s agricultural division.

In a press release on March 8, DowDuPont (DWDP) made an announcement that its board of directors has approved the separation of DowDuPont’s Materials Science division.

In a press release on March 5, 3M (MMM) announced that it unveiled its new Expanded Beam Optical Connector System.

Albemarle has increased its dividend for the 25th consecutive year. As of March 1, Albemarle’s dividend yield was 1.61%.

In a press release on February 28, Praxair announced the construction of new hydrogen plant in Louisiana.

On February 25, PPG Industries (PPG) announced that it signed a multiyear corporate marketing agreement with the Oakland Raiders.

In a press release today, Air Products and Chemicals (APD) announced that it had completed its acquisition of ACP Europe SA.

In a press release today, 3M (MMM) announced that it’s committed to implementing a 100% renewable electricity program in all of its facilities around the world.