|Bid||175.90 x 13000|
|Ask||176.00 x 25800|
|Day's range||175.10 - 177.35|
|52-week range||130.75 - 191.80|
|Beta (3Y monthly)||0.28|
|PE ratio (TTM)||18.19|
|Forward dividend & yield||3.14 (1.77%)|
|1y target est||N/A|
Linde, the world's biggest industrial gases group, has taken a 10% stake in Hydrospider AG, a Swiss producer and supplier of hydrogen derived from renewable energy sources, Hydrospider said on Thursday. Hydrospider is currently building a plant to turn electricity from a hydroelectric station run by Swiss utility Alpiq into hydrogen for trucks to be built by a joint venture of Hyundai Motors and Swiss group H2 Energy. Alpiq and H2 Energy each own 45% in Hydrospider, whose site will start commercial operations by the end of the year.
Asia's hydrogen gas demand will rise as the region's oil refineries use the gas to produce low-sulphur fuel to meet new environmental regulations, the head of the world's largest industrial gas producer said on Tuesday. "The demand for hydrogen has grown steadily over the years at a much faster rate than GDP growth," Linde Plc's Chief Executive Officer Steve Angel told Reuters ahead of the groundbreaking ceremony for Linde's $1.4-billion gas project on Singapore's Jurong Island. The project is Linde's biggest investment globally and will quadruple its gas capacity in Singapore.
Industrial gases group Linde said on Tuesday it will spend $1.4 billion (£1.1 billion) to boost its Singapore gasification facilities to support the planned expansion of Exxon Mobil Corp's nearby integrated refining complex. The investment will enable Linde's facility on Jurong Island to supply additional hydrogen and synthesis gas to Exxon's Singapore refinery, the company said in a statement. Exxon's expansion project, which is expected to come online in 2023, would convert fuel oil and other residual crude products into higher-value lube base stocks and distillates to help meet stricter emissions rules.
Russian gas producer Gazprom is considering using technology made by industrial gases group Linde or Royal Dutch Shell at its Baltic LNG project, Gazprom board member Vitaly Markelov said on Tuesday. Russia ...
The Guildford, Britain-based company said it had net income of 94 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.69 per share. The results topped Wall Street expectations. ...
FWB:LIN) announced today that its subsidiary, Praxair, Inc., has expanded its Skills Pipeline workforce development program in collaboration with Central Louisiana Technical Community College (CLTCC) in Alexandria and the U.S. Army installation at Fort Polk. The new Army Career Skills Program, which began in February, provides professional truck driving scholarships to soldiers who are transitioning back to civilian life. Praxair provided a gift of $145,000 to launch the program and has plans to begin a second cohort in June.
Russian gas giant Gazprom is poised to rely on industrial gases group Linde as a technology supplier for its major liquefied natural gas (LNG) project after Royal Dutch Shell left it, sources close to the project said. On Wednesday, Shell, the Anglo-Dutch major which has a long history of energy cooperation with Russia, said it had decided to leave the Baltic LNG project on the Russian Baltic coast which it had been discussing with Gazprom for several years. Its decision left open a question about the availability of technology for the project which Shell had been expected to provide.
Air Products and Chemicals Increased Its Q1 Dividend(Continued from Prior Part)Stock performance So far, Air Products and Chemicals’ (APD) stock performance has been strong in 2019. As of March 28, Air Products and Chemicals has gained 18.8% in
Air Products and Chemicals Increased Its Q1 DividendHigher first-quarter dividendAir Products and Chemicals (APD) has declared its regular quarterly cash dividend for the first quarter. To be eligible for the dividend, investors should hold Air
DowDuPont Board Approves Materials Science Division SeparationDowDuPont approves Materials Science Division separation In a press release on March 8, DowDuPont (DWDP) made an announcement that its board of directors has approved the separation of
FRANKFRUT/SEOUL/HONG KONG (Reuters) - German industrial gases group Linde has agreed to sell its South Korean assets to local private equity firm IMM for 1.3 trillion won (875.1 million pounds) , two people familiar with the matter told Reuters on Friday. The move is seen as part of Linde's efforts to divest assets in South Korea and elsewhere to win antitrust clearance for its $86 billion merger with rival Praxair, which will create an industry leader. South Korea's competition watchdog in October said Linde and Praxair would have to sell some of their assets, raising concerns that their combination would restrict competition.
Linde Plc, the industrial gases group created from the merger of Linde AG and Praxair, is targeting 8-12 percent growth in 2019 earnings per share thanks to cost cuts, even as revenue growth slows, it said on Friday. In presentation https://www.lindeplc.com/-/media/linde/merger/documents/investors/linde-plc-investor-overview-fv.pdf?la=en&rev=a5c84aa5185149028008c04fb05fb9ab slides on its website, Linde also said 2018 adjusted pro-forma income from continued operations rose to $3.44 billion, up 8.3 percent from $3.17 billion in 2017. Pro-forma revenues for the combined group advanced 4.7 percent to $28.15 billion last year, according to the slides.
Update on Chemical Companies Last WeekDowDuPont declared its quarterly dividendIn a press release on February 14, DowDuPont (DWDP) announced its regular quarterly dividend for the first quarter. In order to be eligible for the
DowDuPont's Q4 Earnings: What Investors Can ExpectDowDuPont’s fourth-quarter revenue estimatesDowDuPont (DWDP) is expected to report revenues of $20.92 billion in the fourth quarter—an increase of ~4.3% compared to the revenues in the fourth
FWB:LIN), has been named to Bloomberg's 2019 Gender-Equality Index (GEI) and Forbes’ America’s Best Employers for Diversity 2019 list, recognizing the company’s strong commitment to diversity and inclusion. This is the second consecutive year Praxair has been included on the Bloomberg GEI, which distinguishes companies committed to transparency in gender reporting and advancing women’s equality. Additionally, Forbes recognized Praxair as one of America’s Best Employers for Diversity.
PPG Industries' Q4 Earnings Beat the Street—Stock Rises(Continued from Prior Part)PPG’s fourth-quarter revenue misses estimates marginally For the fourth quarter, PPG Industries (PPG) reported revenue of $3.64 billion, a fall of 1.0% YoY
Celanese to Acquire Linde's Synthesis Gas Production UnitCelanese to acquire synthesis gas production unitOn January 15, Celanese (CE) announced that it entered into a definitive agreement with Linde (LIN) to acquire a synthesis gas production unit
PPG Industries: What to Expect from Its Q4 Earnings(Continued from Prior Part)Adjusted EPS forecastWall Street analysts expect PPG Industries (PPG) to post an adjusted EPS of $1.10 for the fourth quarter, which reflects a decline of 7.6% YoY
Specialty Chemicals: Updates for the Week Ending January 11 ## W.R. Grace gets a new order On January 8, W.R. Grace (GRA) announced that it got a new order for its UNIPOL PP Process Technology. W.R. Grace will grant the licenses to Hanwha Total Petrochemical for its new PP production plant in Daesan, South Korea. The new facility will have the capacity to produce 400 kilotons per year. The plant is expected to be completed by 2021. W.R. Grace didn’t specify anything about the financial aspects of the deal. Hanwha Total Petrochemical is a joint venture between Hanwha General Chemicals and Total S.A.—a French oil and gas company. The companies have 13 plants in Daesan producing polymers, oil products, and base chemicals. Laura Schwinn, the president of W.R. Grace’s Specialty Catalysts business segment, said, “Grace is pleased to be selected to provide our technology and catalysts to Hanwha Total Petrochemical and to help them offer the broad capability and most advanced resins that deliver significant value to their customers.” ## Stock update W.R. Grace stock gained 1.4% for the previous week and closed at $67.81. Since the beginning of 2019, the stock has gained 4.5%. In 2018, the stock fell 7.4%. Analysts expect W.R. Grace’s target price to be $82.83, which implies a return potential of 22.2% over the closing price on January 11. W.R. Grace’s 14-day relative strength index of 66 suggests that the stock is moving closer to the “overbought” position. Investors could hold W.R. Grace indirectly by investing in the iShares U.S. Basic Materials ETF (IYM). IYM has invested 0.8% of its portfolio in W.R. Grace. The fund also has exposure to DowDuPont (DWDP), Linde (LIN), and LyondellBasell (LYB) with weights of 21.5%, 15%, and 4.6%, respectively, as of January 11. Continue to Next Part Browse this series on Market Realist: * Part 2 - IFF Collaborates with Aryballe on Digital Nose * Part 3 - PPG Industries Launched a New Polyurethane Primer * Part 4 - Axalta: ‘Sahara’ Is the 2019 Automotive Color of the Year
APD to Build Second Hydrogen Plant in California ## APD to build second hydrogen facility in California On January 7, Air Products and Chemicals (APD) announced that it plans to build a second liquid hydrogen plant in California. The decision came on the back of the increase in demand from various consumer markets, specifically from the growing demand for hydrogen fuel cell vehicles. APD also said the project development work is already underway and expects the plant to be commissioned in the first quarter of 2019. However, APD did not specify the financial aspects of building the plant. Liquefied hydrogen is used in several industries like electronics, material handling, float glass, edible fats and oils, chemical and petrochemical, and so on. In September 2018, APD announced its plan to build a liquid hydrogen plant in La Porte, Texas. Marie Folkes, APD’s president for the Americas segment, said, “Current customer demand for liquid hydrogen is driving the need for this new investment as we are experiencing growth from many traditional market segments, for which a reliable source of this product is vitally important. Additionally, this new capacity will be available for the steadily increasing demand from hydrogen fuel cell vehicles.” ## Stock prices APD stock declined 1.0% and closed at $159.93. The decline in the stock price pushed the stock to trade 0.8% below its 100-day moving average price of $161.31. In 2018, APD declined by 2.5% and outperformed the S&P 500. With several projects scheduled to be commissioned in 2019, APD’s growth path looks intact. Investors can indirectly hold APD by investing in the iShares U.S. Basic Materials ETF (IYM). IYM invests 6.2% of its portfolio in APD. The fund also provides exposure to DowDuPont (DWDP), Linde (LIN), and LyondellBasell (LYB) with weights of 21.8%, 14.9%, and 4.70%, respectively, as of January 7, 2019.
Analyzing Chemical Companies in the Week Ending January 4 ## Corteva sold its herbicide product line On January 3, American Vanguard (AVD) announced that it acquired the Quizalofop product line of herbicides from Corteva Agriscience—DowDuPont’s (DWDP) agriculture division. However, the parties didn’t disclose any of the financial aspects of the deal. The product line includes soybeans, canola, and pulses sold in the US and Canada. As part of the transaction, American Vanguard will get technical registrations, commercial sales information, and the transfer of existing product supply arrangements. Eric Wintemute, American Vanguard’s chairman and CEO, said, “Our acquisition of the QPE product line from Corteva Agriscience provides our crop protection business with a portfolio of valuable herbicide brands that hold significant leadership positions in the North American market. These products are complementary to existing glyphosate, glufosinate and 2,4D use, and are highly regarded for weed and grass control by providing a broad window of application and excellent crop safety.” ## DowDuPont’s stock price DowDuPont’s stock prices gained 3.2% and closed at $54.73 for the week ending January 4. Despite the gain in the stock price, DowDuPont traded 9.8% below the 100-day moving average price of $60.71. DowDuPont’s 100-day moving average has fallen from a high of $72.06 to the current levels, which indicates weakness in the stock. DowDuPont struggled in 2018 with a decline of 24.9%. However, DowDuPont has started 2019 on a positive note. DowDuPont’s 14-day relative strength index of 52 indicates that the stock isn’t overbought or oversold. Investors could hold DowDuPont indirectly by investing in the Materials Select Sector SPDR Fund (XLB). XLB has invested 21.9% of its portfolio in DowDuPont. XLB also provides exposure to Linde (LIN), Air Products and Chemicals (APD), and LyondellBasell (LYB) with weights of 15.1%, 6.2%, and 4.7%, respectively, as of January 4. Continue to Next Part Browse this series on Market Realist: * Part 2 - Celanese Completed the Next Polymers Acquisition * Part 3 - Westlake Chemical Completed the Nakan Acquisition * Part 4 - A. Schulman Announces Dividend for the Convertible Special Stock