DuPont de Nemours Inc

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.

If Monsanto and Bayer merge, they’ll become the largest global pesticide and seed company. Monsanto’s business is the best fit for Bayer’s Crop Science segment.

Dow Chemical (DOW) and DuPont (DD) started 4Q16 on a positive note, with their stocks rising 1.1% and 1.3%, respectively, compared to their closes on September 30, 2016.

The Consumer Solutions segment is Dow Chemical’s lowest revenue generator. In 2Q16, the segment reported revenue of $1.3 billion.

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%.

Praxair is highly leveraged in comparison to its closest peers, Airgas (ARG) and Air Products and Chemicals (APD).

When the specialty chemicals industry entered a mature phase in the mid-1990s, innovation came to be characterized by small steps rather than by big leaps.

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.

In 2Q16, LyondellBasell’s (LYB) Olefins & Polyolefins – Europe, Asia, and International (or EAI) segment reported revenue of $2.7 billion.

Analysts’ consensus indicates a 12-month target price for DuPont at $78.10—a return potential of 5.5% from its closing price of $74.03 on January 11.

The overall prices for cotton moved higher for the week ended June 30 compared to levels during the previous week.

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.

On July 20, 2017, PPG Industries (PPG) announced that it has entered into a definitive agreement to acquire The Crown Group.

In this series, we’ll look at Monsanto’s 3Q16 earnings results and analyze what factors influenced them the most. We’ll also look at management’s guidance for the rest of the year.

Monsanto’s (MON) Soybean Seed and Traits segment is the second-largest subsegment under the Seeds and Genomics segment.

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.

International Flavors and Fragrances’ (IFF) stock performance after 3Q16 hasn’t been strong. It underperformed the broader markets (SPY).

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

Dow’s Agricultural Sciences segment contributed to 13% of its revenue and 10% its EBITDA in 2014.

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 […]

For the week ended June 30, 2017, APD fell 0.6% and closed at $143.06.

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.

DuPont has improved its leverage, despite spending a whopping $9.0 billion and $4.3 billion on capital expenditure and buyback programs from 2010–2014.

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

Wall Street’s views on DuPont As of July 18, 2017, 18 analysts were tracking DuPont (DD) stock. Among them, 50% recommended “buy,” and 50% recommended “hold.” There were no “sell” recommendations. The analysts’ 12-month target price is $90, which implies a potential return of 6.3% based on the closing price of $84.63 on July 18, 2017. […]

Analysts are expecting Dow Chemical (DOW) to post revenue of $11.9 billion in 3Q16, which is a fall of 0.8% on a year-over-year basis.

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.

The financial sector in the US is one of the first and foremost to benefit from the Fed’s rate hike.

As of October 18, 2016, Dow Chemical (DOW) was trading at a one-year forward PE multiple of 13.70x. DuPont (DD) was trading at 19.20x.

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.

LyondellBasell (LYB), one of the top producers of polymers, is set to report its 3Q16 earnings before the market opens on November 1, 2016.

The SPDR S&P 500 ETF (SPY) mirrors the price movement of the S&P 500, so it also gained ~0.93% and closed at 202.01 levels

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.

Is the market rally justified? Corporate earnings are at the lowest level this year. We might be heading into an “earnings recession.”

AXTA stock was trading 6.6% below its 100-day moving average of $30.98, but analysts expect a target price of $32.53, implying a return potential of 12.5%.

PPG Industries (PPG) is all set to pay its 3Q17 dividend on September 12, 2017. It has announced a dividend of $0.45 per share.

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.

Albemarle’s (ALB) Bromine Specialties segment is the company’s second-largest revenue contributor, accounting for 27.7% of ALB’s total revenues in 2Q17 compared to 30.9% in 2Q16.

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.

Dow Chemical (DOW) reported revenue of $13.8 billion in 2Q17, an increase of 15.7% on a 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.

PPG Industries announced its 2Q17 earnings results before the market opened on July 20, 2017. The company reported 2Q17 revenue of $3.8 billion.

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.

Sherwin-Williams (SHW) could post record 2Q17 revenue. As of July 12, 2017, analysts expect Sherwin-Williams to post revenue of $3.69 billion.

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 the first half of 2017, we see that Praxair (PX) has risen 13.2%, outperforming the SPDR S&P 500 ETF (SPY), which has risen 8.6%.

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.

The Corn Seed and Traits segment is one of the strongest segments for Monsanto (MON). More than one-third of Monsanto’s sales come from the segment.

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.