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Declared Dividends, New Leaders and Aggregate Depository Units - Research Report on 3M, The Clorox Company, Leggett & Platt, Fortune Brands Home & Security, and Icahn Enterprises

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Analysts' Corner

Dec 20, 2013, 08:00 ET

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NEW YORK, December 20, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting 3M Co. (NYSE: MMM), The Clorox Company (NYSE: CLX), Leggett & Platt, Incorporated (NYSE: LEG), Fortune Brands Home & Security, Inc. (NYSE: FBHS), and Icahn Enterprises, L.P. (NASDAQ: IEP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

3M Co. Research Report

On December 17, 2013, 3M Co. (3M) reported that its Board of Directors has declared a dividend on the Company's common stock of 85.5 cents per share for the Q1 2014, a 35% increase over the quarterly dividend paid in 2013. The said dividend is payable on March 12, 2014, to shareholders of record at the close of business on February 14, 2014. The Company further informed that 3M has paid dividends to its shareholders without interruption for more than 97 years. According to the release, as of November 29, 2013, 3M had 665.2 million common shares outstanding and 91,873 shareholders of record. The Full Research Report on 3M Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/333d_MMM

The Clorox Company Research Report

On December 11, 2013, The Clorox Company announced that the Company has earned a top rating of 100% on the Human Rights Campaign's 2014 Corporate Equality Index (CEI). The Company informed that CEI is a nationally recognized measure of gay, lesbian, bisexual and transgender (GLBT) equality in the workplace. According to the Company, since 2006, Clorox has earned a perfect rating on the CEI and has been named one of the "Best Places to Work for GLBT Equality." The Full Research Report on The Clorox Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/4ebb_CLX

Leggett & Platt, Incorporated Research Report

On December 17, 2013, Leggett & Platt, Incorporated (Leggett & Platt) announced that the Company expects to record a $60 million to $75 million (pre-tax) non-cash impairment charge during Q4 2013 related to its Commercial Vehicle Products (CVP) group, which is part of the Specialized Products segment. According to Leggett & Platt, the EPS impact of the non-cash charge should be between $0.28 and $0.35 per share. The Company reported that apart from this impairment charge, the Company has made no change to the underlying full year EPS guidance issued in October 2013. Leggett & Platt previously disclosed that it had been considering strategic alternatives for its CVP unit, including possible divestiture of the business. The Company Informed that as a part of that process, it has become apparent that current market values for certain CVP assets, primarily goodwill, have fallen below recorded book values, due to lower expectations of future revenue and profitability, which is reflected by reduced market demand for the racks, shelving, and cabinets used in telecom, cable, and delivery vans. The Company further revealed its intentions to focus on improving the operating performance and cost structure of the CVP business. The Full Research Report on Leggett & Platt, Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/4c74_LEG

Fortune Brands Home & Security, Inc. Research Report

On December 16, 2013, Fortune Brands Home & Security, Inc. (Fortune Brands Home & Security) announced that the Company has named Robert K. Biggart as Senior Vice President of General Counsel and Corporate Secretary, effective immediately. According to the Company, Biggart brings 29 years of corporate law experience from PepsiCo where he held senior legal roles across most of its business units and global geographic regions. The Company informed that since 2001, Biggart served in a general counsel role for various business units with a proven track record in commercial legal affairs, mergers and acquisitions and joint ventures. Biggart will report to Christopher Klein, CEO of Fortune Brands Home & Security. The Full Research Report on Fortune Brands Home & Security, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/6ff0_FBHS

Icahn Enterprises, L.P. Research Report

On December 17, 2013, stock of Icahn Enterprises, L.P. (Icahn) closed at $121.01, down by 1.26%. Over the previous three trading sessions, Icahn's stock increased by 0.70% while the Nasdaq composite also increased 0.63% during the same period. The Full Research Report on Icahn Enterprises, L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/30fe_IEP

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

http://www.AnalystsCorner.com

SOURCE Analysts' Corner

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