acquisition
INTERNATIONAL FLAVORS & FRAGRANCES INC. $131 (www.iff.com) recently completed its acquisition of Frutarom, an Israeli firm that makes over 70,000 flavouring products for over 30,000 customers in 150 countries. About 75% of those products come from natural sources....
SHERWIN-WILLIAMS CO. $380 (New York symbol SHW; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 93.1 million; Market cap: $35.4 billion; Price-to-sales ratio: 2.0; Dividend yield: 0.9%; TSINetwork Rating: Above Average; www.sherwin-williams.com) acquired rival paint maker Valspar Corp....
Each of these two firms recently completed a big acquisition. So far, those new businesses fit nicely with their existing operations and have expanded their overall profit.
FEDEX CORP. $163 (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 263.5 million; Market cap: $43.0 billion; Price-to-sales ratio: 0.6; Dividend yield: 1.4%; TSINetwork Rating: Average; www.fedex.com) delivers packages and documents in the U.S....
MCKESSON CORP. $111 (New York symbol MCK; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 195.4 million; Market cap: $21.7 billion; Price-to-sales ratio: 0.1; Dividend yield 1.3%; TSINetwork Rating: Above Average; www.mckesson.com) is the largest wholesale drug distributor in the U.S....
Microsoft recently surpassed Apple as the world’s most valuable company (based on market cap). That’s because it continues to expand in the fast-growing field of cloud-computing, which lets users run computer programs over the Internet.
That strategy relies on a subscription model and has cut the company’s dependence on selling individual software packages to consumers and businesses....
POST HOLDINGS INC. $90 (New York symbol POST; Consumer sector; Shares outstanding: 66.6 million; Market cap: $6.0 billion; No dividends paid; Takeover Target Rating: Medium; www.postholdings.com) is a leading maker of packaged foods....
ARCONIC INC. $18 (New York symbol ARNC; Manufacturing & Industry sector; Shares outstanding: 483.2 million; Market cap: $8.7 billion; Dividend yield: 1.3%; Takeover Target Rating: Medium; www.arconic.com) is a leading maker of engineered-aluminum products for cars and jet engines.
On November 1, 2016, Arconic spun off Alcoa Corp....
On November 1, 2016, Arconic spun off Alcoa Corp....
United Technologies recently completed its acquisition of Rockwell Collins—a rival maker of aircraft parts. Like most big acquisitions, this one adds risk, but it also comes with several long-term benefits. Those include giving United Technologies more clout when negotiating new deals with big aircraft makers such as Boeing and Airbus.
The company now plans to spin off its Otis (elevators) and Carrier (heating and air conditioning) operations as two separate companies....
Studies show that both a spinoff and its parent company perform better than comparable firms for several years following their split. That’s especially so with industry leaders like these two.
WYNDHAM DESTINATIONS $37.47 (New York symbol WYND; TSI Rating: Extra Risk) (973-753-6000; www.wyndhamdestinations.com; Shares outstanding: 97.5 million; Market cap: $3.6 billion; Dividend yield: 4.4%) is the former Wyndham Worldwide (WYN)....
SYMANTEC CORP. $20.72 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (650-527-8000; www.symantec.com; Shares outstanding: 638.9 million; Market cap: $13.2 billion; Dividend yield: 1.5%) sells computer-security technology, including antivirus and email-filtering software, to businesses and consumers.
The company has now formed a partnership with Fortinet, symbol FTNT on Nasdaq....
The company has now formed a partnership with Fortinet, symbol FTNT on Nasdaq....