DuPont de Nemours Inc

With the COVID-19 death toll continuing its count in the U.S. and abroad, investors wonder if the body bag industry is a lucrative place to be.

Granular urea prices in the Middle East declined 5% to $200 per metric ton in the week ended July 1. It was $210 per metric ton in the previous week.

US non-farm payrolls rose by 295,000 in February 2015 from a downwardly revised January number of 239,000 compared to 257,000 reported earlier.

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%.

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

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.

Since the beginning of 2016, analysts have revised their next-12-month price target for PotashCorp downward. The consensus price target now stands at $15.70.

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.

The US leveraged loans market saw an allocation of ~$19.0 billion worth of senior loans across 22 transactions in the week to May 8.

Monsanto’s net sales for fiscal 2Q15 fell 11% on a year-over-year basis to $5.19 billion.

In this part of the series, we’ll look at agricultural fertilizer producers’ valuations from their historical standpoints. Over the long run, valuation multiples impact a company’s share price.

There’s a handful of big players in the agricultural fertilizer industry. Setting up business requires huge capital, which makes for a high barrier to entry.

A few days ago, Monsanto (MON) agreed to Bayer’s takeover offer of $128 per share for a total deal value of $66 billion.

Last month, Trian launched a proxy fight with DuPont and nominated four directors to DuPont’s board after DuPont defended its existing structure.

Continued from Part 1 Monsanto and DuPont Two industry giants dominate the seed industry, Monsanto Co. (MON) and DuPont (DD), which together held ~62% of the industry’s revenue in 2012. Why are these two companies dominant players in the industry? Let’s explore. Patent protection One big differentiator between seed and fertilizer stocks is patentability. Companies […]

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

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.

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.

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

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).

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

The PowerShares DB US Dollar Index Bullish ETF (UUP) consists of long US dollar index or USDX futures contracts.

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

Tesla bears had made a whopping $2.75 billion in mark-to-market gains this year as of August 9, making it the most profitable US short bet year-to-date.

In fiscal 3Q17, Deere’s (DE) Construction & Forestry segment reported revenue of $1.5 billion, a 29.0% rise on a year-over-year basis.

On August 14, the joint venture company of Dow Chemical (DOW) and Saudi Aramco, Sadara made the announcement that all 26 plants have been commissioned.

Analysts are expecting Deere (DE) to post EPS earnings per share of $1.91 for fiscal 3Q17, which would be an increase of 23.2% on a YoY basis.

All of the merger conditions have been satisfied. Dow Chemical and DuPont stock will stop trading after the close on August 31, 2017.

For Chemours (CC), 88% of the analysts recommended a “buy,” 12% recommended a “sell,” and none of the analysts recommended a “hold.”

Air Products & Chemicals’ (APD) Industrial Gases-Americas segment was the largest revenue contributor to the company’s overall revenue.

Air Products & Chemicals (APD) announced its fiscal 3Q17 earnings on August 1, 2017. Its adjusted EPS from continuing operations was $1.65.

Of the 16 analysts tracking International Flavors & Fragrances (IFF), 31.0% of them have recommended a “buy” for the stock

Dow Chemical’s (DOW) Infrastructure Solutions segment is the second largest revenue generator for DOW.

DuPont’s (DD) Industrial Biosciences segment accounted for 5.30% of DuPont’s overall revenue in 2Q17—compared to 5.0% in 2Q16.

Dow Chemical’s (DOW) Consumer Solutions segment is the fourth largest segment in terms of revenue.

Dow Chemical’s (DOW) Agricultural Sciences segment accounted for 11.8% of DOW’s total revenue as compared to 13.2% in 2Q16.

LyondellBasell (LYB) announced its 2Q17 earnings on July 28, 2017. It reported EPS of $2.82—an increase of ~10.20% on a YoY (year-over-year) basis.

DuPont’s (DD) Protection Solutions segment accounted for 10.80% of DuPont’s overall revenue in 2Q17—compared to 11.10% in 2Q16.

DuPont’s (DD) Nutrition and Health segment is the company’s third-largest revenue generator. The segment accounted for 11.0% of DuPont’s revenue in 2Q17.

In 2Q17, DuPont’s Performance Materials segment reported revenue of $1.38 billion—a increase of 3.40% on a YoY (year-over-year) basis.

DuPont’s (DD) Agriculture segment accounted for 46.40% of the company’s revenue in 2Q17—compared to 45.60% in 2Q16.

DuPont (DD) reported revenue of $7.42 billion in 2Q17—an increase of 5.10% on a year-over-year basis. In 2Q16, DuPont reported revenue of $7.06 billion.

On March 31, 2017, APD was left with $485.3 million from its share repurchase program.

Air Products and Chemicals (APD) plans to announce its fiscal 3Q17 earnings on August 1. In this series, we’ll analyze APD’s performance since its fiscal 2Q17 earnings release.

Among the 20 analysts tracking DOW, 80% recommended a “buy” for the stock, while 20% recommended a “hold.”

Analysts expect Dow Chemical (DOW) to post operating EPS of $1.00 in 2Q17—a rise of 5.3% on a YoY basis.

As of July 21, 2017, analysts are expecting Dow Chemical (DOW) to post revenues of ~$13.6 billion for 2Q17, which would represent a 14.0% rise on a YoY basis.

PPG Industries’ (PPG) Industrial Coatings segment is its lowest revenue contributor. The segment represented 39.5% of PPG’s total revenue in 2Q17.

PPG Industries’ Performance Coatings segment is its largest revenue contributor. The segment’s contribution to PPG’s overall revenue fell from 61.8% in 2Q16 to 60.5% in 2Q17.

DuPont’s earnings per share estimates for 2Q17 As of July 19, 2017, analysts expected DuPont (DDD) to post operating EPS (earnings per share) of $1.29, an increase of 4.0% YoY (year-over-year). In 2Q16, DuPont reported operating EPS of $1.24. The forecast increase in DuPont’s operating EPS is expected to be driven by improved SG&A (selling, general, […]

DuPont (DD) is set to announce its 2Q17 earnings on July 25, before the market opens. In this series, we’ll look at DuPont’s expected revenue and analysts’ views on the stock.

On July 12, 2017, Praxair (PX) announced that it will begin a new air separation plant for a Samsung display manufacturing facility in Tangjeong, South Korea.

On July 12, 2017, LyondellBasell (LYB) granted its Spherizone and Lupotech T Licenses to Shaanxi Coal Yulin Energy and Chemical.

On July 14, 2017, Eastman Chemical (EMN) announced the price hike for its acetic anhydride products.

In another move to ensure the merger between Dow Chemical and DuPont, DOW announced the sale of its corn hybrid seed business in Brazil to CITIC Agri Fund.

On July 10, 2017, Axalta (AXTA) and Volkswagen Group Italia signed a new three-year contract involving Axalta’s three premium refinish brands.

Of the 21 analysts tracking PPG Industries (PPG), about 67.0% of them have recommended a “buy” for the stock, and 33.0% have recommended a “hold.”

Analysts are expecting PPG Industries (PPG) to post adjusted EPS of $1.84 in 2Q17, which implies a fall of 0.50% YoY.

As of July 10, 2017, analysts expect RPM International to post revenues of $1.5 billion—an increase of 5.10% compared to the same quarter last year.

Axalta Coating Systems (AXTA) has added one more feather to its cap. Its bright red Imron paint now graces China’s Fuxing model high-speed train.

In this article, we’ll analyze Eastman Chemicals’s latest valuations compared to those of its peers.

Praxair’s (PX) interest expense has been on an upward trend since 2012 when its debt grew.

At the end of 1Q17, Praxair’s (PX) debt was ~$9.4 billion. Its history over the past five years suggests that its debt has been on the rise.

On June 26, 2017, W.R. Grace (GRA) announced that it entered a master service agreement with Valliscor to supply fluorinated intermediates.

On June 26, 2017, Axalta-Huajia announced it will supply Alesta powder coatings to Thermos, a well-known manufacturer of insulated food beverage containers.

Monsanto’s (MON) merger with Bayer AG is expected to be completed by 2H18. However, the merger depends on regulators’ approval.

In 2015, PPG’s interest expense dropped significantly. At the end of 2014, PPG refinanced $1.7 billion worth of notes that carried coupon rates of 9% and 7.7%, which reduced the interest expense.

LyondellBasell’s (LYB) interest expense has been steady in the range of $309 million–$352 million since 2013, although debt has risen during the same period.

Since the beginning of 2017, Chemours (CC) stock has given a tremendous performance, gaining 66.6% YTD as of June 22.

On June 23, 2017, Chemours one-year forward PE (price-to-earnings) multiple was 10.0x, as compared to KRO’s one-year forward PE multiple of 16.30x.

Chemours has $1.4 billion variable interest rate debt. Now that the Fed has begun raising the interest rates, CC’s interest expenses could go up.

When Chemours (CC) was spun off from DuPont (DD) on July 1, 2015, many believed that CC was doomed to fail.

Chemours stock fell 1.9% for the week and closed at $36.0. CC stock has been in a downward trend since May.

On June 19, 2017, Olin (OLN) provided preliminary numbers for 2Q17 earnings.

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 15, International Flavors & Fragrances traded at a one-year forward PE ratio of 22.60x—marginally lower than Sensient Technologies.

On June 15, 2017, Eastman Chemical (EMN) announced that Decathlon India had selected EMN’s Tritan for the newly launched Quechua passion sports bottles.

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.

GRA closed at $70.53 with a fall of 0.2% for the week ended June 16, 2017.

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.

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).

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.”

Since 2012, DOW’s dividend payout has been fluctuating in the range of 28.0%–172.0%, primarily due to variations in its EPS.

On May 4, Eastman Chemical declared its 2Q17 dividend of $0.51 per share on its outstanding common stock. The dividend will be payable on July 5, 2017.

On May 26, Praxair was trading at a one-year forward PE multiple of 22.20x, as compared to Air Products and Chemicals’ one-year forward PE multiple of 21.9x.

On May 26, of the 20 firms tracking Praxair (PX) stock, about 40.0% recommended “buys,” while 55.0% recommended “holds.”

On April 26, 2017, DuPont (DD) declared a dividend of $0.38 per share on its outstanding common stock for fiscal 2Q17. The dividend will be payable on June 12, 2017.

On May 30, 2017, DuPont stock closed at $77.68. Given DuPont’s fiscal 2Q17 dividend of $0.38 per share, its current dividend yield stands at 2.0%.

Praxair’s (PX) declared a 2Q17 quarterly dividend of ~$0.79 per share. PX’s current dividend yield now stands at 2.38%.

On April 27, 2017, Praxair (PX) announced a dividend of ~$0.79 per share for 2Q17 on the company’s outstanding common stock.

On May 25, 2017, LyondellBasell (LYB) stock closed at $80.67. With LYB’s 2Q17 quarterly dividend of $0.90 per share, its current dividend yield is 4.4%.

As of May 22, 2017, 39.0% of the analysts recommended a “buy” for Deere stock, 43.0% recommended a “hold,” and 18.0% recommended a “sell.”

On May 15, 2017, Praxair’s (PX) subsidiary NuCo2 announced the launch of XactCO2, a high-pressure carbon dioxide cylinder that can be mounted to any wall.

On May 15, 2017, Eastman Chemical (EMN) introduced Treva, a breakthrough in engineering bioplastics.

On May 15, 2017, LyondellBasell Industries (LYB) said it’s set to build a polyethylene plant at its La Porte, Texas, facility.

President Trump’s economic stimulus policy and an increase in infrastructure investment are expected to have a positive impact on US GDP growth.

About 39.0% of these analysts have recommended a “buy” for the stock, while 43.0% have recommended a “hold.”

International Flavors & Fragrances’ (IFF) Flavors Business Segment contributed 49% of the company’s total revenue in 1Q17.