spin off
KONTOOR BRANDS INC. $34 (New York symbol KTB; Consumer sector; Shares outstanding: 56.9 million; Market cap: $1.9 billion; Dividend yield: 6.6%; Takeover Target Rating: Medium; www.kontoorbrands.com) makes denim apparel under several brands, including Lee, Wrangler and Rock & Republic....
UNITED TECHNOLOGIES CORP. $127 (New York symbol UTX; Manufacturing & Industry Sector; Shares outstanding: 862.8 million; Market cap: $109.6 billion; Dividend yield: 2.3%; Takeover Target Rating: Low; www.utc.com) has four main divisions: Pratt & Whitney manufactures aircraft engines (29% of 2018 revenue, 14% of earnings); Carrier makes heating and air-conditioning equipment under the Carrier brand, as well as burglar alarms and fire-safety products (28%, 40%); Collins Aerospace Systems manufactures aircraft controls (24%, 25%); and Otis makes elevators and escalators (19%, 21%).
United Technologies’ overall revenue fell 3.1%, from $57.9 billion in 2014 to $56.1 billion in 2015 on the sale of its Sikorsky helicopter business to Lockheed Martin for $9 billion....
United Technologies’ overall revenue fell 3.1%, from $57.9 billion in 2014 to $56.1 billion in 2015 on the sale of its Sikorsky helicopter business to Lockheed Martin for $9 billion....
NUANCE COMMUNICATIONS INC. $17 (Nasdaq symbol NUAN; Manufacturing & Industry sector; Shares outstanding: 285.6 million; Market cap: $4.9 billion; No dividends paid; Takeover Target Rating: Medium; www.nucance.com) specializes in speech and imaging technology....
On November 1, 2016, Arconic spun off its bulk aluminum business (Alcoa) as a separate company. Each investor received one Alcoa Corp. share for every three ARNC shares they owned.
Arconic has gained 34% since the split, but Alcoa is down 21%....
Arconic has gained 34% since the split, but Alcoa is down 21%....
UNITED TECHNOLOGIES CORP. $135 (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 862.3 million; Market cap: $116.4 billion; Price-to-sales ratio: 1.6; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.utc.com) completed its acquisition of Rockwell Collins in November 2018, for $30.6 billion in cash and stock (including that firm’s debt)....
POST HOLDINGS INC. $107 (New York symbol POST; Consumer sector; Shares outstanding: 73.3 million; Market cap: $7.8 billion; No dividends paid; Takeover Target Rating: Medium; www.postholdings.com) is a leading maker of packaged foods....
MACK-CALI REALTY CORP. $23 (New York symbol CLI; Manufacturing & Industry sector; Shares outstanding: 90.3 million; Market cap: $2.1 billion; Dividend yield: 3.4%; Takeover Target Rating: Highest; www.mack-cali.com) is a New Jersey-based real estate investment trust that owns, manages and develops 74 properties in the Northeastern U.S....
MOLSON COORS CANADA INC. (Toronto symbols TPX.A $76 and TPX.B $75; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 216.5 million; Market cap: $16.2 billion; Dividend yield: 2.1%; Dividend Sustainability Rating: Above Average; www.molsoncoors.com) is one of the world’s largest beer brewers.
The company last raised its quarterly dividend with the February 2015 payment....
The company last raised its quarterly dividend with the February 2015 payment....
SONY CORP. ADRs $52 (www.sony.net) has come under pressure from activist investor Daniel Loeb, who through his Third Point hedge fund controls $1.5 billion of the company’s shares, or about 2% of its market cap. The activist wants Sony to spin off its chip business as a separate company, and sell its stakes in publicly traded firms, including Sony Financial, Olympus and Spotify....